Efficient companies need to know which their strategic products are. For this purpose, the ABC classification based on the item’s value was developed and was used for a long time. Later, it was recognised that several other criteria need to be considered and multi-criteria ranking methods were applied. However, the classes have always been defined based only on a relative proportion. Therefore, the number of products in a class is independent of the actual importance of the products. In this paper, a new sorting procedure MACBETHSort is introduced, which is an evolution of the choice, ranking and rating technique MACBETH. The procedure has been validated in a real case study for assigning access and entrance solutions in ABC classes.
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I wish also to thank Ian Stevens and Salvatore Greco for their proofreading and comments.
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Ishizaka, A., Gordon, M. MACBETHSort: a multiple criteria decision aid procedure for sorting strategic products. J Oper Res Soc 68, 53–61 (2017). https://doi.org/10.1057/s41274-016-0002-9
- ABC classification