Multiple Criteria Inventory Classification Based on Principal Components Analysis and Neural Network | SpringerLink
Skip to main content

Multiple Criteria Inventory Classification Based on Principal Components Analysis and Neural Network

  • Conference paper
Advances in Neural Networks – ISNN 2005 (ISNN 2005)

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 3498))

Included in the following conference series:

Abstract

The paper presents two methods for ABC classification of stock keeping units (SKUs), The first method is to apply principal components analysis (PCA) to classify inventory. The second method combines PCA with artificial neural networks (ANNs) with BP algorithm. The reliability of the models is tested by comparing their classification ability with a data set. The results show that the hybrid method could not only overcome the shortcomings of input limitation in ANNs, but also further improve the prediction accuracy.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Similar content being viewed by others

References

  1. Cohen, M.A., Ernst, R.: Multi-item Classification and Generic Inventory Stock Control Policies. Production and Inventory Management Journal 29, 6–8 (1988)

    Google Scholar 

  2. Flores, B.E., Whybark, D.C.: Mutiple Criteria ABC Analysis. Journal of Operations Management 6, 38–45 (1986)

    Google Scholar 

  3. Flores, B.E., Whybark, D.C.: Implementing Multiple Criteria ABC Analysis. Journal of Operations Management 7, 79–84 (1987)

    Article  Google Scholar 

  4. Gajpal, P.P., Ganesh, L.S., Rajendram, C.: Criticality Analysis of Spare Parts Using the Analytic Hierarchy Process. International J. of Production Economics 35, 293–297 (1994)

    Article  Google Scholar 

  5. Guvenir, H.A., Erel, E.: Multicriteria Inventory Classification Using A Genetic Algorithm. European Journal of Operational Research 105, 29–37 (1998)

    Article  MATH  Google Scholar 

  6. Joliffe, I.T.: Principal Component Analysis. Springer, New York (2002)

    Google Scholar 

  7. Partovi, F.Y., Burton, J.: Using the Analytic Hierarchy Process for ABC Analysis. International Journal of Production and Operations Management 13, 29–44 (1993)

    Article  Google Scholar 

  8. Partovi, F.Y., Hopton, W.E.: The Analytic Hierarchy Process As Applied to Two Types of Inventory Problems. Production and Inventory Management Journal 35, 13–19 (1994)

    Google Scholar 

  9. Partovi, F.Y., Anandarajan, M.: Classifying Inventory Using An Artificial Neural Network Approach. Computers and Industrial Engineering 41, 389–404 (2002)

    Article  Google Scholar 

  10. Saaty, T.L.: The Analytic Hierarchy Process. McGraw-Hill, New York (1980)

    MATH  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2005 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Lei, Q., Chen, J., Zhou, Q. (2005). Multiple Criteria Inventory Classification Based on Principal Components Analysis and Neural Network. In: Wang, J., Liao, XF., Yi, Z. (eds) Advances in Neural Networks – ISNN 2005. ISNN 2005. Lecture Notes in Computer Science, vol 3498. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11427469_168

Download citation

  • DOI: https://doi.org/10.1007/11427469_168

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-25914-5

  • Online ISBN: 978-3-540-32069-2

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics