A note on multi-criteria inventory classification using weighted linear optimization
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, th...
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| Format: | Article |
| Language: | English |
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University of Belgrade
2010-01-01
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| Series: | Yugoslav Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0354-0243/2010/0354-02431002293R.pdf |
| _version_ | 1818539300037328896 |
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| author | Rezaei Jafar |
| author_facet | Rezaei Jafar |
| author_sort | Rezaei Jafar |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-11T21:40:13Z |
| format | Article |
| id | doaj.art-710e7143dbc0404fa8ab7a6a2e02ee9f |
| institution | Directory Open Access Journal |
| issn | 0354-0243 |
| language | English |
| last_indexed | 2024-12-11T21:40:13Z |
| publishDate | 2010-01-01 |
| publisher | University of Belgrade |
| record_format | Article |
| series | Yugoslav Journal of Operations Research |
| spelling | doaj.art-710e7143dbc0404fa8ab7a6a2e02ee9f2022-12-22T00:49:52ZengUniversity of BelgradeYugoslav Journal of Operations Research0354-02432010-01-0120229329910.2298/YJOR1002293R0354-02431002293RA note on multi-criteria inventory classification using weighted linear optimizationRezaei Jafar0Section Technology, Strategy and Entrepreneurship, Faculty of Technology, Policy and Management, Delft University of Technology, GA Delft, The NetherlandsRecently, 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.http://www.doiserbia.nb.rs/img/doi/0354-0243/2010/0354-02431002293R.pdfinventory classificationweighted linear optimizationmulti-criteria decision-making |
| spellingShingle | Rezaei Jafar A note on multi-criteria inventory classification using weighted linear optimization Yugoslav Journal of Operations Research inventory classification weighted linear optimization multi-criteria decision-making |
| title | A note on multi-criteria inventory classification using weighted linear optimization |
| title_full | A note on multi-criteria inventory classification using weighted linear optimization |
| title_fullStr | A note on multi-criteria inventory classification using weighted linear optimization |
| title_full_unstemmed | A note on multi-criteria inventory classification using weighted linear optimization |
| title_short | A note on multi-criteria inventory classification using weighted linear optimization |
| title_sort | note on multi criteria inventory classification using weighted linear optimization |
| topic | inventory classification weighted linear optimization multi-criteria decision-making |
| url | http://www.doiserbia.nb.rs/img/doi/0354-0243/2010/0354-02431002293R.pdf |
| work_keys_str_mv | AT rezaeijafar anoteonmulticriteriainventoryclassificationusingweightedlinearoptimization AT rezaeijafar noteonmulticriteriainventoryclassificationusingweightedlinearoptimization |