COMPARATIVE ANALYSIS OF AHP AND FUZZY AHP
MODELS FOR MULTICRITERIA INVENTORY
CLASSIFICATION
A systematic approach to the inventory control and classification may have a significant influence on
company competitiveness. In practice, all inventories cannot be controlled with equal attention. In order to
efficiently control the inventory items and to determine the suitable ordering policies for them, multicriteria
inventory classification is used. Analytical Hierarchy Process (AHP) is one of the best ways for
deciding among the complex criteria structure in different levels. Fuzzy Analytical Hierarchy Process
(FAHP) is a synthetic extension of classical AHP method when the fuzziness of the decision makers is
considered. In this paper, a comparative analysis of AHP and FAHP for multi-criteria inventory
classification model has been presented. To accredit the proposed models, those were implemented for the
351 raw materials of switch gear section of Energypac Engineering Limited (EEL), a large power
engineering company of Bangladesh.