Techniques for Inventory Classification: A Review
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2016, Vol 4, Issue 10
Abstract
This Optimal Inventory levels is extremely crucial for maintaining appropriate service levels. But, inventory can be also be expensive to hold and to move around. Classification of Inventory is extremely essential to identify items that are critical to the operations of the firm so that the necessary service levels could be maintained without adding to the cost. Although traditional techniques of Inventory classification is most popular and widely used , it is inaccurate as it normally considers one parameter for classification, and in reality multiple factors could have greater effect on maintaining inventory levels which in turn could affect serviceability and cost. This paper attempts to highlight the need for Multicriteria Inventory classification and categorizes the techniques available for Multicriteria classification. The paper also presents a literature survey on the different traditional and Artificial Intelligence techniques used for Multi Criteria Inventory classification.
Authors and Affiliations
Praveen. M. P, Jay. B. Simha, Venkataram. R
Keywords
Related Articles
- EP ID EP22729
- DOI -
- Views 254
- Downloads 4
Cooling of Intelligent Helmet using Phase Change Materials and Forced Convection with Smart Ignition and Accidental Alarming System
This paper deals with cooling of helmet using phase change material with forced convection accompanied with alarming the accident occurred while riding a bikes. Though it is very obvious, noticed that young people as we...
Designing Of MPLS Network and Ensuring Fast Convergence and Security Performance through Layer2 and Layer3 VPN
Need of global networking is increasing day by day and is a primary need. There has been a rapid growth of the routing protocols in the area of communication. A routing protocol is a protocol which is responsible to det...
Information Animation Application in the Capital Markets
3D computer graphics are graphics that use a three-dimensional representation of geometric data often known as Cartesian that is stored in the computer. These are used for the purposes of performing calculations and ren...
Expert Search Engine Using Co-Diffusion
Expert search has been studied in different contexts, e.g., enterprises, academic communities. We examine a general expert search problem: searching experts on the web, where millions of web pages and thousands of names...
Onset Instability of Thermosolutal Convective Flow of Viscoelastic Maxwell Fluid Thorough Porous Medium with Linear Heat Source Effect
The Instability mechanism of Thermosolutal convection in a horizontal layer of viscoelastic Maxwell fluid through porous medium with internal linear heating is presented in this manuscript. The flow is also affected wit...