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...

In this paper, we present an integrated version of the Ng model and Zhou and Fan model [W. L. Ng,A simple classifier for multiple criteria ABC analysis, European Journal of Operation Research, 177(2007) 344-353; P. Zhou & L. Fan, A note on multi-criteria ABC inventory classification usingweighted linear optimization, European Journal of Operation Research, 182 (2007) 1488-1491]. Themodel that N...

ABC analysis is a popular and effective method used to classify inventory items into specific categories that can be managed and controlled separately. In traditional ABC analysis the inventory items are categorized in to A ,B and C classes based on the annual dollar usage. The annual dollar usage is determined as the product of unit cost of each item and its annual demand. The items are arrang...

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 ...

ABC analysis is a popular and effective method used to classify inventory items into specific categories that can be managed and controlled separately. Conventional ABC analysis classifies inventory items three categories: A, B, or C based on annual dollar usage of an inventory item. Multi-criteria inventory classification has been proposed by a number of researchers in order to take other impo...

To have an efficient control of a huge amount of inventory items, traditional approach is to classify the inventory into different groups. Different inventory control policies can then applied to different groups. The well-known ABC classification is simple-to-understand and easy-to-use. However, ABC analysis is based on only single measurement such as annual dollar usage. It has been recognize...