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Application of the MOORA Method for Multi-Criteria Inventory Classification


Affiliations
1 Department of Industrial Engineering & Management, Maulana Abul Kalam Azad University of Technology, BF-142, Salt Lake City, Kolkata-700064, West Bengal, India
2 Department of Production Engineering, Jadavpur University, Kolkata-700032, India
3 Department of Mechanical Engineering, Kalyani Govt. Engineering College, Kalyani-741235, West Bengal, India
     

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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.
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  • Application of the MOORA Method for Multi-Criteria Inventory Classification

Abstract Views: 758  |  PDF Views: 3

Authors

Bivash Mallick
Department of Industrial Engineering & Management, Maulana Abul Kalam Azad University of Technology, BF-142, Salt Lake City, Kolkata-700064, West Bengal, India
Bijan Sarkar
Department of Production Engineering, Jadavpur University, Kolkata-700032, India
Santanu Das
Department of Mechanical Engineering, Kalyani Govt. Engineering College, Kalyani-741235, West Bengal, India

Abstract


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.

References





DOI: https://doi.org/10.24906/isc%2F2017%2Fv31%2Fi6%2F166459