Optimization of warehouse location through fuzzy multi-criteria decision making methods

A New Model for Stock Management in Order to Rationalize Costs: ABC-FUCOM-Interval Rough CoCoSo Model

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.

A Comparative Analysis of Fuzzy TOPSIS and Geographic Information Systems (GIS) for the Location Selection of Shopping Malls: A Case Study from Turkey

Multi-criteria decision-making (MCDM) techniques are increasingly being used for the problem of location selection, which directly affects the long-term success of a company. Besides these techniques, with the advantage of handling both spatial and non-spatial data, geographic information systems (GIS) also represent a useful method for selecting the appropriate location for different kinds of facilities and sites. In this respect, this study aims to compare the results of a MCDM technique, fuzzy technique for order preference by similarity to ideal solution (TOPSIS), and GIS for the location selection of shopping malls in Turkey. According to the results of both fuzzy TOPSIS and GIS, the Marmara region was determined as the best alternative for shopping malls in Turkey.

Assessment of Conditions for Implementing Information Technology in a Warehouse System: A Novel Fuzzy PIPRECIA Method

The application of information technology in all areas represents a significant facilitation of all business processes and activities. A competitive business system is hardly imaginable without adequate information technology. Therefore, this paper evaluates the conditions for the implementation of barcode technology in a warehouse system of a company for the manufacture of brown paper. SWOT (Strengths, Weaknesses, Opportunities, Threats) matrix was formed with a total of 27 elements based on which the benefits of the implementation of barcode technology in the warehouse system need to be analysed. For this purpose, a new fuzzy PIPRECIA (PIvot Pairwise RElative Criteria Importance Assessment) method has been developed to evaluate all elements in SWOT matrix. In addition, a part of the new developed approach includes new fuzzy scales for criterion assessment that are adapted to the methodology required by the fuzzy PIPRECIA method. To determine the consistency of the method, Spearman and Pearson correlation coefficients are applied. The results obtained in this study show that weaknesses are most noticeable in the current system. By implementing barcode technology, it is possible to create opportunities defined in SWOT matrix, which, in a very efficient way, allow elimination of the current weaknesses of the system.