<P> Calculated ABC analysis delivers a precise mathematical calculation of the limits for the ABC classes . It uses an optimization of cost (i.e. number of items) versus yield (i.e. sum of their estimated importance). Computed ABC was, for example, applied to feature selection for biomedical data, business process management and bankruptcy prediction . </P> <P> Actual distribution of ABC class in the electronics manufacturing company with 4051 active parts . </P> <Table> Distribution of ABC class <Tr> <Th> ABC class </Th> <Th> Number of items </Th> <Th> Total amount required </Th> </Tr> <Tr> <Td> </Td> <Td> 20% </Td> <Td> 60% </Td> </Tr> <Tr> <Td> </Td> <Td> 20% </Td> <Td> 20% </Td> </Tr> <Tr> <Td> </Td> <Td> 60% </Td> <Td> 20% </Td> </Tr> <Tr> <Td> Total </Td> <Td> 100% </Td> <Td> 100% </Td> </Tr> </Table> <Tr> <Th> ABC class </Th> <Th> Number of items </Th> <Th> Total amount required </Th> </Tr>

What is the abc method of inventory control