Contribution of Decision Support System in Enhancing Productivity and Profitability of the Firm

Authors

  • Tanuja KaushikGD Goenka University, Gurgaon
  • Monica BhardwajInstitute for International Management and Technology, Gurgaon
Keywords
Decision Support System, Linear Programming, Transportation, Decision Making, Resource Optimization

Abstract

The business paradigms are changing amidst changing business environment. There are newer technologies at disposal, rising customer awareness and their expectations from the need to attain efficiency and effectiveness in business processes for survival and competitive advantage. This paper provides insights on the significance of business decision making and present state of organizations that are striving to achieve optimal utilization of limited business resources. The paper highlights the nature of linear programming model and its importance in effective business decision making. The business impact of model is illustrated in the case using the linear programming model and transportation method through excel solver in computer manufacturing firms to help in deciding optimum quantity to produce within limited resources and how the computers manufactured can be distributed to market places at minimal cost. The paper elicits the effectiveness of the linear programming model to realize good decision making in business by meeting the business objectives through optimal utilization of resources. It concludes that model driven decision support system enhances the productivity and profitability of the firm in a constrained environment and is a highly effective model for solving business problems.

References

  • Abreu, C.F., May, J.H., Spangler, W. E. and Vargas, L.G. (2008) ’Conflict Identification And Reconciliation in a Collaborative Manufacturing Scheduling Task’, International Journal of Information Technology & Decision Making, 7:1, pp. 147–174. http://dx.doi.org/10.1142/S0219622008002855.
  • Derigs, U. and Friederichs, S. (2009) ’On the application of a transportation model for revenue optimization in waste management- a case study’, Central European Journal of Operations Research, 17:1, pp. 81-93. http://dx.doi.org/10.1007/s10100-008-0058-y.
  • Karlsson, J., Ronnqvist, M. and Frisk, M (2006) ‘Road Opt: A decision support system for road upgrading in forestry’, Scandinavian Journal of Forest Research, 21:7, pp. 5-15. http://dx.doi.org/10.1080/14004080500487102.
  • Little, J. D. C. (1970) ‘Models and Managers: The Concept of a Decision Calculus’, Management Science, 16:8, pp. B466-485.
  • Mahdi, B. and Seyed, H. (2009) ‘A fuzzy group decision support system for multifacility location problems’, International Journal of Advanced Manufacturing Technology, 42:5/6,pp. 533. http://dx.doi.org/10.1007/s00170-008-1621-3.
  • Pavloudakis, F., Galetakis, M. and Roumpos, C. (2009) ‘A spatial decision support system for the optimal environmental reclamation of open-pit coal mines in Greece’, International Journal of Mining, Reclamation and Environment, 23:4, pp. 291–303. http://dx.doi.org/10.1080/17480930902731935.
  • Power, D. J.(2001) ‘Supporting Decision-Makers: An Expanded Framework.’, In Harriger, A. (eds), e-Proceedings, Informing Science Conference, June 19-22, Krakow, Poland, pp. 431-436.
  • Power, D. J. (2002) Decision support systems: concepts and resources for managers, Westport CT, Greenwood/Quorum.
  • Rainer, R. K., Turban, E. and Potter, R. E. (2007) ‘Introduction to Information System’ (1st edition), New Jersey, John Wiley & Sons.
  • Scarpari, M.S. and Beauclair, E. G. F., (2010) ‘Optimized Agricultural planning of sugarcane using linear programming’, Revista Investigacion Operacional, 31:2, pp. 126-132.
  • Teive, R. C. G., Lange, T., Arfux, G. A. B., Queiroz, A. K. and Rosa, L. F. S. C. (2011) ‘A Decision support system for Energy trading and Portfolio Optimization’, Journal of Energy and Power Engineering, 5, pp. 349-355. http://dx.doi.org/10.1109/EEM.2010.5558692.

How to Cite

Tanuja Kaushik, Monica Bhardwaj. Contribution of Decision Support System in Enhancing Productivity and Profitability of the Firm. J.Technol. Manag. Grow. Econ.. 2013, 04, 85-96
Contribution of Decision Support System in Enhancing Productivity and Profitability of the Firm

Current Issue

PeriodicityBiannually
Issue-1May
Issue-2November
ISSN Print0976-545X
ISSN Online2456-3226
RNI No.CHAENG/2013/50088
OA Policy

Publisher's policy of the journal at Sherpa UK for the submitted, accepted, and published articles. Click OAPolicy

Plan-S Compliance

To check compliance, one has to use the Journal Check Tool (JCT). This tool provided by cOAlition S (European funders) for the researchers (fundee) to check the compliance with the journal.

Recommend journal to your library

You can recommend the journal being a researcher or faculty member to your library. We will post a copy of the Journal to your library on your behalf at free of cost.
Click here: Recommend Journal

Preprint Arxiv Submission

The authors are encouraged to submit the author’s copy (preprint) to appropriate preprint archives e.g. https://arxiv.org and/or on https://indiarxiv.org or institutional repositories (e.g., D Space) before paper acceptance by the editor of Journal. After publications of the paper author(s) should mention the citation information, title and abstract along with DOI number of the publication carefully on the required page of the depository(ies).

Contact: Phone: +91-172-2741000, +91-172-4691800

Email : editor.tmg@chitkara.edu.in;

Abstract and Indexing

Information

This work is licensed under a Creative Commons Attribution 4.0 International License.

Articles in Journal of Technology Management for Growing Economies(J.Technol. Manag. Grow. Econ.) by Chitkara University Publications are Open Access articles that are published with licensed under a Creative Commons Attribution- CC-BY 4.0 International License. Based on a work at https://tmg.chitkara.edu.in/. This license permits one to use, remix, tweak and reproduction in any medium, even commercially provided one give credit for the original creation.

View Legal Code of the above-mentioned license, https://creativecommons.org/licenses/by/4.0/legalcode

View Licence Deed here https://creativecommons.org/licenses/by/4.0/

Creative Commons License

Journal of Technology Management for Growing Economies by Chitkara University Publications is licensed under a Creative Commons Attribution 4.0 International License.
Based on a work at https://tmg.chitkara.edu.in/

Members