An Integrated ABC-FUCOM Model for Product Classification

Authors

  • Željko Stević University of East Sarajevo, Faculty of Transport and Traffic Engineering Author https://orcid.org/0000-0003-4452-5768
  • Adna Bašić Faculty of Transport and Traffic Engineering, University of East Sarajevo, 74000 Doboj, Bosnia and Herzegovina Author
  • Sarbast Moslem School of Architecture, Planning and Environmental Policy, University College Dublin, Dublin, Ireland Author https://orcid.org/0000-0003-4587-7482
  • Kaiyang Zhong College of Information Science & Electronic Engineering, Zhejiang University, Hangzhou, China Author

DOI:

https://doi.org/10.31181/sems1120239k

Keywords:

ABC analysis, FUCOM, Products, Classification, MCDM

Abstract

Grouping products to determine their impact on business is a necessity. Therefore, in this paper, the integration of ABC analysis and the full consistency method (FUCOM) for determining a group of products is carried out. FUCOM is used to obtain the weighting coefficients for a group of products of Gorenje appliances. The research was conducted in the "Mepromex" shopping mall. The FUCOM method is applied to determine the values of three criteria: unit price, quantity, and annual procurement value. These criteria play a major role in the final sorting of products in this type of analysis. Additionally, a comparative analysis (i.e. single-criterion ABC analysis) is performed for each criterion separately.

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References

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Published

2023-12-01

Issue

Vol. 1 No. 1 (2023): Spectrum of Engineering and Management Sciences

Section

Articles

License

Copyright (c) 2023 Spectrum of Engineering and Management Sciences

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Stević, Željko, Bašić, A., Moslem, S., & Zhong, K. (2023). An Integrated ABC-FUCOM Model for Product Classification. Spectrum of Engineering and Management Sciences, 1(1), 83-91. https://doi.org/10.31181/sems1120239k

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