Inventory control system design by integrating inventory classification and policy selection

On the inventory performance of multi-criteria classification methods: empirical investigation

“…Due to the lack of information on the ordering quantity, the unit holding cost and the standard deviation of the demand for the 47 inventory items, which is needed to evaluate the inventory performance of the methods under concern, we have considered some values proposed by (Mohammaditabar et al, 2011) and we have also extended the range of the values to investigate the sensitivity of the results to the considered values. We have also made an assumption regarding the ordering quantity since this is needed for the inventory policy under concern.…”

“…The inventory performance superiority (lower safety stock cost and higher service levels) of this criterion as compared to the traditional demand value and demand volume criteria and to another criterion proposed by (Zhang et al, 2001) has been empirically shown through the use of three real life datasets composed of more than 50,000 SKUs. (Mohammaditabar et al, 2011) have proposed an integrated method based on mathematical programming to simultaneously classify the SKUs and find the inventory control policy. The objective of the mathematical model is to minimize both the total inventory holding cost and the dissimilarity of items classified in the same class.…”

A survey of maintenance and service logistics management: Classification and research agenda from a maritime sector perspective

“…To the best of our knowledge, Braglia et al [114] provide the first paper in this direction by relating the classification of spare parts and inventory management policies. Mohammaditabar et al [116] propose an integrated model to classify the parts and find the best inventory policy simultaneously. Bacchetti et al [107] propose differentiated forecasting and inventory policies for different categories of spare parts.…”

Challenges with Multi-Dimensional Inventory Classifications and Optimization

“…Based on these concepts, inventory is classified into different groups based on value, quantity, demand, availability and sometimes even weight and volume. Some of the classification methods (Mohammaditabara, Ghodsypoura, & O'Brienb, 2012) are known as ABC, XYZ, VED, FSN, HML, SDE etc.…”