Decision Support System in Developing Research Proposal

In summary, the decision support system must provide insights into order rates by CD by month, factoring in the relative popularity of artists and its effect on pricing strategies over time. Factoring in seasonality and the specific times of the year where new albums are introduced will further assist in the forecasting process. What the decision support system must also do is provide an upper and lower level forecast by CD to ensure profits are made or at least the store breaks even on each CD. After taking all of these factors into account, the decision support system can be used to create a model that will predict, within a range of values, what the specific inventory carrying positions should be by artist, by actual CD, and also by month given the genre and pricing of the music as well.

References

Crnkovic, J., Tayi, G., & Ballou, D.. (2008). A decision-support framework for exploring supply chain tradeoffs. International Journal of Production Economics, 115(1), 28.

Daniel A Kiely. (1999). Synchronizing supply chain operations with consumer demand using customer data. The Journal of Business….....