DOIONLINE

DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-8875

Publish In
International Journal of Management and Applied Science (IJMAS)-IJMAS
Journal Home
Volume Issue
Issue
Volume-3,Issue-8  ( Aug, 2017 )
Paper Title
ERP Decision Support System using Multi Objective Optimization– An Exploratory Study
Author Name
Ghaleb Y. Abbasi, Israa H. Abu Rumman
Affilition
1Professor, Industrial Engineering Department, University of Jordan, Amman, Jordan Industrial Engineering Department, University of Jordan, Amman, Jordan
Pages
54-61
Abstract
Enterprise Resource Planning (ERP) system is the main focus in this research, the actual performance criteria retrieved from different departments within ERP database for twelve product portfolios emphasised the need for a systematic approach for a Decision Support System (DSS). The proposed DSS helps the decision maker (DM) purchase the right products, in the right quantities and at minimal inventory carrying cost and at the same time meets the highest customer service by minimizing the probability of stock out instances. Multi-objective optimization of Profit-Service Level-Cash liquidity trade-off objectives supported the DM in finding the most preferred Pareto optimal solution and introduced a posteriori method in consonance with the generate-first-choose later approach in dealing with multi-objective optimization using Weighted Metric Method (Lp method) to find the Pareto Optimal set. Keywords- ERP, Decision Support System, Pareto Optimization, Multi-objective decision making, weighted metric method, Lingo, Product Mix multi objectives optimization.
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