2021
DOI: 10.1051/ro/2021104
|View full text |Cite
|
Sign up to set email alerts
|

Designing a new mathematical model based on ABC analysis for inventory control problem: A real case study

Abstract: In modern business today, organizations that hold large numbers of inventory items, do not find it economical to make policies for the management of individual inventory items. Managers, thus, need to classify these items according to their importance and fit each item to a certain asset class. The method of grouping and inventory control available in traditional ABC has several disadvantages. These shortcomings have led to the development of an optimization model in the present study to improve the grouping a… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1
1

Citation Types

0
17
0
2

Year Published

2021
2021
2024
2024

Publication Types

Select...
8
1

Relationship

0
9

Authors

Journals

citations
Cited by 29 publications
(19 citation statements)
references
References 49 publications
0
17
0
2
Order By: Relevance
“…Abdolazimi et al ( 2021 ) presented designing a new mathematical model based on ABC analysis for inventory control problem. In this paper, a mathematical model is presented to classify inventory items, taking into account significant profit and cost-reduction indices.…”
Section: Research Backgroundmentioning
confidence: 99%
“…Abdolazimi et al ( 2021 ) presented designing a new mathematical model based on ABC analysis for inventory control problem. In this paper, a mathematical model is presented to classify inventory items, taking into account significant profit and cost-reduction indices.…”
Section: Research Backgroundmentioning
confidence: 99%
“…Additionally, researchers interested in this topic can conduct further research to determine the right assortment of products that MCS, CCS, and nanostores should offer to maximize profits while fulfilling customer needs. For example, a mathematical model can be used to classify inventory items, prioritizing those that increase profits while enhancing businesses' levels of service to their customers (Abdolazimi et al [27]). Future studies on the grocery retail sector's triopoly (i.e., MCS, CCS, and nanostores) may take a game theory approach to identifying the best pricing strategies for each channel.…”
Section: Conclusion and Further Researchmentioning
confidence: 99%
“…Risk management may create new portfolio components. e purpose of portfolio risk management is to accept the correct amount of risk estimates by optimally delivering outputs at di erent times to the organization [9,10].…”
Section: Introductionmentioning
confidence: 99%