2011Unpublished venueRequires access

Research of evaluation information processing of inventory optimization based on grey clustering and fuzzy evaluation method

Lina Yang, Junle Yu

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Abstract

Market competition is no longer among individual enterprises, but among the Supply Chains of enterprises. How to set up and maintain a reasonable inventory level to balance the risk and loss brought by the shortage of inventory shortage and the increased inventory cost and capital cost caused by too much inventory has become an imperative problem to logistics enterprises. In this paper, the AHP method is used to determine the various classification indexes weights of the inventory, and based on the gray clustering analysis, inventory optimization evaluation model and algorithm is presented with fuzzy evaluation method, which provides a broad prospect for logistics enterprise inventory optimization and evaluation technology.

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What this paper is about

Market competition is no longer among individual enterprises, but among the Supply Chains of enterprises. How to set up and maintain a reasonable inventory level to balance the risk and loss brought by the shortage of inventory shortage and the increased inventory cost and capital cost caused by too much inventory has become an imperative problem to logistics enterprises. In this paper, the AHP method is used to determine the various classification indexes weights of the inventory, and based on the gray clustering analysis, inventory optimization evaluation model and algorithm is presented with fuzzy evaluation method, which provides a broad prospect for logistics enterprise inventory optimization and evaluation technology.

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Available abstract

Market competition is no longer among individual enterprises, but among the Supply Chains of enterprises. How to set up and maintain a reasonable inventory level to balance the risk and loss brought by the shortage of inventory shortage and the increased inventory cost and capital cost caused by too much inventory has become an imperative problem to logistics enterprises. In this paper, the AHP method is used to determine the various classification indexes weights of the inventory, and based on the gray clustering analysis, inventory optimization evaluation model and algorithm is presented with fuzzy evaluation method, which provides a broad prospect for logistics enterprise inventory optimization and evaluation technology.

Key concepts: Economic shortage, Cluster analysis, Inventory theory, Operations research, Analytic hierarchy process, Fuzzy logic, Computer science, Supply chain

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