Application of the MOORA Method for Multi-Criteria Inventory Classification

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Authors

  • Bivash Mallick
     Department of Industrial Engineering & Management, Maulana Abul Kalam Azad University of Technology, BF-142, Salt Lake City, Kolkata-700064, West Bengal ,IN
  • Bijan Sarkar
     Department of Production Engineering, Jadavpur University, Kolkata-700032 ,IN
  • Santanu Das
     Department of Mechanical Engineering, Kalyani Govt. Engineering College, Kalyani-741235, West Bengal ,IN

DOI:

https://doi.org/10.24906/isc/2017/v31/i6/166459

Keywords:

ABC Classification, Multi-Criteria Decision Making, MOORA, Inventory Management.

Abstract

ABC analysis is conventionally employed in industry to facilitate classification of different inventory items corresponding to a single criterion of annual consumption cost. In the present work, a different approach is resorted to for the analysis. 47 disposable items are tried to classify that are needed to undertake treatment of certain patients. These patients are treated in respiratory therapy unit of a hospital. Inventory management of these items are attempted using a multi-criteria decision making (MCDM) technique namely Multi-Objective Optimization on the basis of Ratio Analysis, or MOORA.

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Published

2017-11-01

How to Cite

Mallick, B., Sarkar, B., & Das, S. (2017). Application of the MOORA Method for Multi-Criteria Inventory Classification. Indian Science Cruiser, 31(6), 15–21. https://doi.org/10.24906/isc/2017/v31/i6/166459

Issue

Volume 31, Issue 6, November 2017

Section

Search & Survey
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