TY - JOUR
T1 - A stochastic data envelopment analysis approach for multi-criteria ABC inventory classification
AU - Tavassoli, Mohammad
AU - Farzipoor Saen, Reza
N1 - Publisher Copyright:
© 2022 Taylor & Francis Group, LLC.
PY - 2022/3/13
Y1 - 2022/3/13
N2 - One of the common methods for classifying inventory items is ABC classification approach. In many cases, the data might be stochastic. In the current study, using stochastic data envelopment analysis model, we present a new approach to categorize inventory items given stochastic data and nature of criteria. Then, a new stochastic mixed integer programming model is proposed to forecast classes of the new inventory items. The proposed stochastic mixed integer programming model does not impose subjective judgment on the classification of inventory items and can be used for multi-group classification. The developed approach can classify inventory items and forecast the class of new items with both qualitative and quantitative criteria. The applicability of developed stochastic data envelopment analysis and stochastic mixed integer programming models is demonstrated by a case study.
AB - One of the common methods for classifying inventory items is ABC classification approach. In many cases, the data might be stochastic. In the current study, using stochastic data envelopment analysis model, we present a new approach to categorize inventory items given stochastic data and nature of criteria. Then, a new stochastic mixed integer programming model is proposed to forecast classes of the new inventory items. The proposed stochastic mixed integer programming model does not impose subjective judgment on the classification of inventory items and can be used for multi-group classification. The developed approach can classify inventory items and forecast the class of new items with both qualitative and quantitative criteria. The applicability of developed stochastic data envelopment analysis and stochastic mixed integer programming models is demonstrated by a case study.
KW - Inventory classification
KW - stochastic data envelopment analysis
KW - stochastic discriminant analysis
KW - stochastic mixed integer programming
UR - http://www.scopus.com/inward/record.url?scp=85126453285&partnerID=8YFLogxK
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U2 - 10.1080/21681015.2022.2037761
DO - 10.1080/21681015.2022.2037761
M3 - Article
AN - SCOPUS:85126453285
SN - 2168-1015
VL - 39
SP - 415
EP - 429
JO - Journal of Industrial and Production Engineering
JF - Journal of Industrial and Production Engineering
IS - 6
ER -