Title
Decision Support System for the Location of Retail Business Stores
Date Issued
01 January 2021
Access level
metadata only access
Resource Type
conference paper
Publisher(s)
Springer Science and Business Media Deutschland GmbH
Abstract
Within the natural cycle of retail companies, there is the stage of expansion where one of the most critical and high impact processes is the process of selecting the location for new stores. So it is necessary to make the most appropriate decision, which allows in the medium and long term to have fewer risks and losses, and higher profits and sales. This work proposes a Decision Support System for the location of retail stores, which will provide entrepreneurs with available, updated, and relevant information on retail stores, public services, and influxes of people. In addition, the system allows to project and compare for two or more new store locations, the critical indicators: average monthly ticket, monthly influx, total monthly sale, demographic density, amount of competences. To validate the proposed system, 5 case studies were carried out on real stores in Lima, the results obtained for a 6-month projection show high precision in the projection of the indicators, reaching on average 98.64%, 97.29%, and 96.61% for the average ticket, the influx of customers and the total amount of sales, respectively.
Start page
67
End page
78
Volume
1307 AISC
Language
English
OCDE Knowledge area
Negocios, Administración
Scopus EID
2-s2.0-85104842124
Source
Advances in Intelligent Systems and Computing
Resource of which it is part
Advances in Intelligent Systems and Computing
ISSN of the container
21945357
ISBN of the container
978-981334564-5
Sources of information: Directorio de Producción Científica Scopus