A New Model for Stock Management in Order to Rationalize Costs: ABC-FUCOM-Interval Rough CoCoSo Model
| Autor: | Srđan Žikić, Vitomir Starčević, Dragan Pamučar, Željko Stević, Goran Mitrović, Živko Erceg |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Stock management
ABC analysis Physics and Astronomy (miscellaneous) Operations research Computer science General Mathematics Compromise media_common.quotation_subject 05 social sciences 02 engineering and technology Rationalization (economics) Procurement Chemistry (miscellaneous) Decision matrix Sustainable management 0502 economics and business Sustainability 0202 electrical engineering electronic engineering information engineering Computer Science (miscellaneous) 020201 artificial intelligence & image processing management costs FUCOM Interval Rough CoCoSO finances sustainability 050203 business & management media_common |
| Zdroj: | Symmetry; Volume 11; Issue 12; Pages: 1527 |
| ISSN: | 2073-8994 |
| DOI: | 10.3390/sym11121527 |
| Popis: | Cost rationalization has become imperative in every economic system in order to create adequate foundations for its efficient and sustainable management. Competitiveness in the global market is extremely high and it is challenging to manage business and logistics systems, especially with regards to financial parameters. It is necessary to rationalize costs in all activities and processes. The presence of inventories is inevitability in every logistics system, and it tends to create adequate and symmetrical policies for their efficient and sustainable management. In order to be able to do this, it is necessary to determine which products represent the largest percentage share in the value of procurement, and which are the most represented quantitatively. For this purpose, ABC analysis, which classifies products into three categories, is applied taking into account different constraints. The aim of this paper is to form a new model that involves the integration of ABC analysis, the Full Consistency Method (FUCOM), and a novel Interval Rough Combined Compromise Solution (CoCoSo) for stock management in the storage system. A new IRN Dombi weighted geometric averaging (IRNDWGA) operator is developed to aggregate the initial decision matrix. After grouping the products into three categories A, B and C, it is necessary to identify appropriate suppliers for each category in order to rationalize procurement costs. Financial, logistical, and quality parameters are taken into account. The FUCOM method has been used to determine the significance of these parameters. A new Interval CoCoSo approach is developed to determine the optimal suppliers for each product group. The results obtained have been modeled throughout a multi-phase sensitivity analysis. |
| Databáze: | OpenAIRE |
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