MACBETHSort: a multiple criteria decision aid procedure for sorting strategic products

Alessio Ishizaka, Maynard Gordon

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Abstract

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.
Original languageEnglish
Pages (from-to)53-91
Number of pages9
JournalJournal of the Operational Research Society
Volume68
Issue number1
Early online date26 Jul 2016
DOIs
Publication statusPublished - Jan 2017

Keywords

  • MACBETH
  • MACBETHSort
  • Sorting
  • MCDA
  • ABC classification

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