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ABC inventory classification with multiple-criteria using weighted linear optimization. (English) Zbl 1077.90008

Summary: Inventory classification using ABC analysis is one of the most widely employed techniques in organizations. The need to consider multiple criteria for inventory classification has been stressed in the literature. A simple classification scheme is proposed in this paper using weighed linear optimization. The methodology is illustrated using an example.

MSC:

90B05 Inventory, storage, reservoirs
90C05 Linear programming

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References:

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