Multi-Criteria Inventory Classification Using a New Method of Evaluation Based on Distance from Average Solution (EDAS)

نویسندگان

  • Mehdi Keshavarz Ghorabaee
  • Edmundas Kazimieras Zavadskas
  • Laya Olfat
  • Zenonas Turskis
چکیده

An effective way for managing and controlling a large number of inventory items or stock keeping units (SKUs) is the inventory classification. Traditional ABC analysis which based on only a single criterion is commonly used for classification of SKUs. However, we should consider inventory classification as a multi-criteria problem in practice. In this study, a new method of Evaluation based on Distance from Average Solution (EDAS) is introduced for multi-criteria inventory classification (MCIC) problems. In the proposed method, we use positive and negative distances from the average solution for appraising alternatives (SKUs). To represent performance of the proposed method in MCIC problems, we use a common example with 47 SKUs. Comparing the results of the proposed method with some existing methods shows the good performance of it in ABC classification. The proposed method can also be used for multi-criteria decision-making (MCDM) problems. A comparative analysis is also made for showing the validity and stability of the proposed method in MCDM problems. We compare the proposed method with VIKOR, TOPSIS, SAW and COPRAS methods using an example. Seven sets of criteria weights and Spearman’s correlation coefficient are used for this analysis. The results show that the proposed method is stable in different weights and well consistent with the other methods.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Optimal Location of Electronic Charity Boxes Using a Hybrid Mathematical Model of Chance Constrained Goal Programming and EDAS Method

Using mathematical modeling of the location problem is effective in optimization of the location of electronic charity boxes. This paper investigates the effective criteria of amount of donation in each district and each type of location, following the determination of study districts, identifying types of locations and extracting conventional charity boxes information. The objectives of the mo...

متن کامل

Providing a New Model to Improving DEA-based Models in Multi-criteria Inventory Classification (Case Study: Pars Khazar)

Abstract Objective: Many organizations use the ABC classification method to control their large amount of inventories. The most common way to classify inventories is the ABC method. In traditional ABC classification, items are only classified according to one criteria. But there are other criteria that need to be considered in the inventory classification. The purpose of this study is to prese...

متن کامل

Extended EDAS Method for Fuzzy Multi-criteria Decision-making: An Application to Supplier Selection

In the real-world problems, we are likely confronted with some alternatives that need to be evaluated with respect to multiple conflicting criteria. Multi-criteria decision-making (MCDM) refers to making decisions in such a situation. There are many methods and techniques available for solving MCDM problems. The evaluation based on distance from average solution (EDAS) method is an efficient mu...

متن کامل

Temporal Dimension Evaluation by Fuzzy TOPSIS Method

This paper evaluates and ranks the temporal dimensions, known as fourth dimension of urban design, of a number of places in a city by TOPSIS method. TOPSIS method is technique for order preference by similarity to ideal solution. TOPSIS is one of the renowned methods for classical multi-criteria decision-making (MCDM) problems that defines the positive ideal solution and negative ideal solution...

متن کامل

A note on "An interval type-2 fuzzy extension of the TOPSIS method using alpha cuts"

The technique for order of preference by similarity to ideal solution (TOPSIS) is a method based on the ideal solutions in which the most desirable alternative should have the shortest distance from positive ideal solution and the longest distance from negative ideal solution. Depending on type of evaluations or method of ranking, different approaches have been proposing to calculate distances ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:
  • Informatica, Lith. Acad. Sci.

دوره 26  شماره 

صفحات  -

تاریخ انتشار 2015