A Note on Multi-Criteria Inventory Classification Using Weighted Linear Optimization
Yugoslav journal of operations research, Tome 20 (2010) no. 2, p. 293
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Recently, Ramanathan (R., Ramanathan, ABC inventory classification with
multiple-criteria using weighted linear optimization, Computer and Operations Research,
33(3) (2006) 695-700) introduced a simple DEA-like model to classify inventory items
on the basis of multiple criteria. However, the classification results produced by
Ramanathan are not consistent with the domination concept encouraged some researchers
to extend his model. In this paper, we produce the correct results and compare them to
the original results and those of the extended models. We also improve this model to rank
items with an optimal score of 1 using a cross-efficiency technique. The classification
results are considerably different from the original results. Despite the fact that the
correct results are obtained in this paper, there is no significant difference between the
original model and its extensions, while the original model is more simple and suitable
for the situations in which decision-maker cannot assign specific weights to individual
criteria.
Classification :
90B05, 90B05
Keywords: Inventory classification, weighted linear optimization, multi-criteria decision-making.
Keywords: Inventory classification, weighted linear optimization, multi-criteria decision-making.
@article{YJOR_2010_20_2_a8,
author = {Jafar Rezaei},
title = {A {Note} on {Multi-Criteria} {Inventory} {Classification} {Using} {Weighted} {Linear} {Optimization}},
journal = {Yugoslav journal of operations research},
pages = {293 },
year = {2010},
volume = {20},
number = {2},
language = {en},
url = {http://geodesic.mathdoc.fr/item/YJOR_2010_20_2_a8/}
}
Jafar Rezaei. A Note on Multi-Criteria Inventory Classification Using Weighted Linear Optimization. Yugoslav journal of operations research, Tome 20 (2010) no. 2, p. 293 . http://geodesic.mathdoc.fr/item/YJOR_2010_20_2_a8/