In this paper, an innovative decision support system is proposed, by consolidating the newsboy model, logistic regression, and grey relation analysis, to develop an efficient replenishment policy, which maximises the total profit of perishable items in a convenience store. First, the basic order...

The main objective of any supply chain is to satisfy its customers by supplying goods and services at the right time, the right place, the right quantity and the right quality, which determines the productivity. This age of globalisation has made the pressure more intense for supply chains. In...

We suggest a decision support approach, Balanced Benchmarking that combines Balanced Scorecard (BSC) and Interactive Benchmarking. A successful BSC implementation requires a theoretical and operational sound foundation for the key measures. This foundation may be constructed using Interactive...