3D VISUALIZATION OF A CASE-BASED DISTANCE MODEL
Journal Title: Problems of Management in the 21st Century - Year 2011, Vol 2, Issue 12
Abstract
Regarding to the conveyance of materials the assignment of stock-keeping units (SKUs) is one of the most important tasks in a warehouse. The units in the interest of their easier handling can be sorted into groups. To classifying SKUs the most frequently used method is the ABC analysis. The traditional approach implements a simplified scheme, which is mostly based on annual dollar usage. Classifying units according to one characteristic can lead to rushed result, because the assignment of stock-keeping units might be influenced by other factors, like number of orders, weight or lead time. In recent years a number of decision models have been developed in order to make it possible to consider more than one criterion in the same time. In general, in the case of representing a model the introduction of the algorithm is more preferable than the visualization of data. However the visualization of results can relieve the comprehension of the given problem and the way, how the model works, even in relation to sorting problems. The aim of this research is to introduce a plotting method which visualizes the results coming from the Case-based distance model developed by Chen, Kilgour and Hipel. This method strengthens the classification by providing separating nonlinear surfaces.
Authors and Affiliations
Péter Volf, Zoltán Kovács, István Szalkai
Keywords
Related Articles
- EP ID EP32112
- DOI -
- Views 349
- Downloads 0
A MAIN SOLUTION FOR PROBLEMS OF MANAGEMENT IN THE 22ND CENTURY
Article researches the capacity of national and supranational levels for the governing and managing of global problems. Consumerism and profit per se have brought the world into the collision with nature and people’s abi...
RECREATION OFFER AND COMPETENCES NEEDED FOR ITS DEVELOPMENT IN ACCOMMODATION ENTERPRISES OF KURZEME REGION IN LATVIA
Due to changes in tourism habits when planning development of tourism industry both on national and regional scale, the signifcance of recreation is highlighted. As a result, in tourism products made by guest accommoda...
MEASURING THE IMPACT OF HUMAN RESOURCE MANAGEMENT PRACTICES ON EMPLOYEE TURNOVER
When employees leave the organization, whether at their own will or not, the consequences could be extremely serious. High turnover costs much, because it involves direct financial expenses for recruitment and selection,...
EXAMINATION OF ETHICAL PROCUREMENT THROUGH ENTERPRISE EXAMPLES
Today’s business world is affected by the 21st century’s processes, like globalization, fluent online attendance, digitalization and their direct consequence depersonalisation. The authors are motivated by these facts a...
CONTEMPORARY MUSIC PRODUCT SELLING EXPERIENCE IN LATVIA AND EUROPE
During the age when outcomes of the creative process develop in a great diversity, the issue about product sales and appropriate marketing implementation becomes topical both in clients’ attraction and in the existing...