Title :
MARK-OPT — A negotiating tool for manufacturers and retailers
Author :
Singh, Madan G. ; Singh, J. Bhondi ; Corstjens, Marcel
Author_Institution :
Inst. of Sci. & Technol., Manchester Univ., UK
Abstract :
Studies on parametric sensitivity and coalition forming in a marketing decision-support system are described. The case considered involves two manufacturers selling a product to two retailers. In addition, the system is extended to the case of N manufacturers and M retailers, and representative simulation studies are given for various combinations of manufacturers and retailers who may have multiple products. A brief description is given of the MARK-OPT negotiating programs.
Keywords :
decision support systems; marketing data processing; MARK-OPT negotiating programs; coalition forming; decision-support system; manufacturers; marketing; negotiating tool; parametric sensitivity; retailers; Cybernetics; Economies of scale; Elasticity; Equations; Mathematical model; Production; Sensitivity;
Journal_Title :
Systems, Man and Cybernetics, IEEE Transactions on
DOI :
10.1109/TSMC.1985.6313414