A Hybrid Knowledge-Based System for Allocating Retail Space and for Other Allocation Problems

Madan G. Singh, Roderick Cook and Marcel Corstjens
Additional contact information
Madan G. Singh: Computation Department, University of Manchester Institute of Science and Technology, PO Box 88, Manchester M60 1QD, United Kingdom
Roderick Cook: Computation Department, University of Manchester Institute of Science and Technology, PO Box 88, Manchester M60 1QD, United Kingdom
Marcel Corstjens: Marketing Department, INSEAD, Boulevard de Constance, F77305 Fontainebleau, France

Interfaces, 1988, vol. 18, issue 5, 13-22

Abstract: A unique hybrid knowledge-based decision support system (Resource-opt) for helping managers make various kinds of resource allocation decisions allows the user to feed in hard information about the past, market research information, and managerial intuition. The Resource-opt System organizes all this knowledge and then computes the resource allocation decisions that will maximize profits within any given set of strategic considerations. It provides a forecast of sales, costs, and profits. A practical example of the use of the system for allocating retail space is given; it has also been used for sales force allocation and mail order catalogue design.

Keywords: industries: retail; facilities/equipment planning: layout (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.1287/inte.18.5.13 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:18:y:1988:i:5:p:13-22

Access Statistics for this article

More articles in Interfaces from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().