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 276
- Downloads 4
Impact of Mechanical Properties & Microstructures on Aluminium Alloys (aa6061- aa7075) by using Friction Ftir Welding Process
Recently many reports on Friction Stir Welding (FSW) of various dissimilar systems such as Aluminium alloys AA6061 and AA7075, has been reported. FSW of Aluminium alloys has captured important attention from manufacturi...
Travelling Salesman Problem (TSP) for Vehicle Route Optimization in MANETs using ABC Algorithm
Path selection process is one of the basic requirements for any Vehicle and when we talk about the MANETs (Mobile Ad Hoc Networks), it is critical task. This paper mainly explains about the performance of variants of Ar...
Detection of Grade of Tumor in MRI Images with Hybrid Technique
Human brain is a very complex structure and brain image analysis is a very intricate task. Detection and segmentation of tumors from brain is very difficult due to variance and complexity of tumors and dense brain tissu...
slugReview Literature for Mosfet Devices Using HighK
With the advancement of MOS devices over 40 years ago, SiO2 has been used as an efficient gate dielectric. The need for increased speed at constant power density has led to shrinking of MOSFET dimensions and as per scal...
Path Planning in Outdoor and Unknown Environment using BAPSO Algorithm
The path planning through BAPSO algorithm in outdoor and unknown environments is a novel approach for robotic path planning. The BAPSO is a hybrid (BAT and PSO) algorithm. The main challenges of robotics are its automat...