![Open Access](https://i-scholar.in/lib/pkp/templates/images/icons/fulltextgreen.png)
![Restricted Access](https://i-scholar.in/lib/pkp/templates/images/icons/fulltextred.png)
![Open Access](https://i-scholar.in/lib/pkp/templates/images/icons/fulltextgreen.png)
![Open Access](https://i-scholar.in/lib/pkp/templates/images/icons/fulltext_open_medium.gif)
![Restricted Access](https://i-scholar.in/lib/pkp/templates/images/icons/fulltextred.png)
![Restricted Access](https://i-scholar.in/lib/pkp/templates/images/icons/fulltext_restricted_medium.gif)
Application of the MOORA Method for Multi-Criteria Inventory Classification
Subscribe/Renew Journal
ABC analysis is conventionally employed in industry to facilitate classification of different inventory items corresponding to a single criterion of annual consumption cost. In the present work, a different approach is resorted to for the analysis. 47 disposable items are tried to classify that are needed to undertake treatment of certain patients. These patients are treated in respiratory therapy unit of a hospital. Inventory management of these items are attempted using a multi-criteria decision making (MCDM) technique namely Multi-Objective Optimization on the basis of Ratio Analysis, or MOORA.
Keywords
ABC Classification, Multi-Criteria Decision Making, MOORA, Inventory Management.
User
Subscription
Login to verify subscription
Font Size
Information
- D. C. Bose : Inventory Management. PHI Learning (2006)
- D. Waters : Inventory Control and Management. John Wiley & Sons. (2008)
- B. Mallick, O. N. Dutta, and S. Das : A Case Study on Inventory Management Using Selective Control Techniques. J. Asso. Eng, India. 82(1&2), 10-24 (2012)
- B. E. Flores, D. L. Olson, and V. K. Dorai: Management of multicriteria inventory classification. Math Comput Model, 16(12), 71-82 (1992)
- H. A. Guvenir, E. Erel : Multicriteria inventory classification using a genetic algorithm Eur J Oper Res. 105(1), 29-37 (1998)
- B. E. Flores, D. Clay Whybark : Multiple criteria ABC analysis. Int. J. Oper & Prod Man. 6(3), 38-46 (1986)
- B. E. Flores, D. C. Whybark : Implementing multiple criteria ABC analysis. J. Oper Manage. 7(1-2), 79-85 (1987)
- J. Puente, D.D.L. Fuente, P. Priore, R. Pino : ABC classification with uncertain data. A fuzzy model vs. a probabilistic model. Appl Artif Intell. 16(6), 443-456 (2002)
- M. Braglia, A. Grassi, R. Montanari : Multi-attribute classification method for spare parts inventory management. J. Qual Maint Eng. 10(1), 55-65 (2004)
- R. Ramanathan : ABC inventory classification with multiple-criteria using weighted linear optimization. Comput & Oper Res. 33(3), 695-700 (2006)
- P. Zhou, and L. Fan, : A note on multi-criteria ABC inventory classification using weighted linear optimization. Eur J Oper Res. 182(3), 1488-1491 (2007).
- A. Bhattacharya, B. Sarkar, S. K. Mukherjee: Distance-based consensus method for ABC analysis. Int. J. Prod. Res. 45(15), 3405-3420 (2007)
- O. Cakir, M. S. Canbolat : A web-based decision support system for multi-criteria inventory classification using fuzzy AHP methodology. Expert Syst Appl. 35(3), 1367-1378 (2008)
- F. Cebi, C. Kahraman, B. Bolat : A multiattribute ABC classification model using fuzzy AHP. In: Computers and Industrial Engineering (CIE), 40th Int Conf, pp.1-6. IEEE Press, New York (2010)
- S. A. Torabi, S. M. Hatefi, B. S. Pay : ABC inventory classification in the presence of both quantitative and qualitative criteria. Comput Ind Eng. 63(2), 530-537 (2012)
- G. Kabir, M. A. Akhtar Hasin : Multi-criteria inventory classification through integration of fuzzy analytic hierarchy process and artificial neural network. Int. J. Ind. & Syst. Engg. 14(1), 74-103 (2013)
- B. Soylu, and B. Akyol : Multi-criteria inventory classification with reference items. Comput Ind Eng. 69, 12-20 (2014)
- M. K. Ghorabaee, E. K. Zavadskas, L. Olfat, Z. Turskis : Multi-Criteria Inventory Classification Using a New Method of Evaluation Based on Distance from Average Solution (EDAS). Informatica. 26(3), 435451 (2015)
- J. Liu, X. Liao, W. Zhao, and N. Yang : A classification approach based on the outranking model for multiple criteria ABC analysis. Omega. 61,19-34 (2016)
- B. Dey, B. Bairagi, B. Sarkar, S. Sanyal : A MOORA based fuzzy multi-criteria decision making approach for supply chain strategy selection. Int J. Ind. Eng. Comput. 3(4), 649-662 (2012)
- W.K.M. Brauers, E.K. Zavadskas : Robustness of the multi-objective MOORA method with a test for the facilities sector. Technoll Econ Dev Econ. 15(2), 352-375 (2009)
- W.K.M. Brauers, E.K. Zavadskas : The MOORA method and its application to privatization in a transition economy. Control and Cybernetics, 35(2), 443-468 (2006)
- W.K.M. Brauers : Multi-objective contractor’s ranking by applying the MOORA method. J Bus Econ and Manage. 9(4), 245-255 (2008)
- W.K.M. Brauers : Optimization methods for a stakeholder society, a revolution in economic thinking by multiobjective optimization. Kluwer Academic Publishers, Boston (2004)
- S. Chakraborty : Applications of the MOORA method for decision making in manufacturing environment. The Int J Adv Manu Tech. 54(9-12), 1155-1166 (2011)
- R.A. Reid : The ABC method in hospital inventory management: a practical approach. Prod Invent Manag J. 28(4), 67-70 (1987)
![](https://i-scholar.in/public/site/images/abstractview.png)
Abstract Views: 695
![](https://i-scholar.in/public/site/images/pdfview.png)
PDF Views: 3