Intense conditions of brand competition make it difficult for retailers to make decisions and manage the process of price discounts for each brand. Due to the travelers’ motivations for shopping in the airport while waiting for their flights, it is a great opportunity for retailers to enhance their sales efforts. In this sense, the decisions of price discounts in each brand category become an important issue that should be solved as there are many constraints. Inventory level, shelf life, a targeted amount of sales and variables such as changes in a substitute, complementary, and competitive product prices and exchange rates are some of the factors that have significant effect. Therefore, the best decision is thought to be made by considering all these constraints and variables together. In this regard, the purpose of this study is to develop a decision support system facilitating the determination of products to be put on special offer. Within this context, the selection of a discounted product can be considered as a multicriteria decision-making problem that requires consideration of many criteria in an international cosmetics company operating at the duty-free zones of airports. Hence, Promethee, which is one of the multi-criteria decision-making methods, is used. In this way, it will be possible to determine which products will be discounted by considering all the determined criteria. At the end of the study, a ranking is done based on partial and full priorities for a discounted product selection to be made.
Primary Language | English |
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Subjects | Economics |
Journal Section | Research Article |
Authors | |
Publication Date | October 23, 2018 |
Acceptance Date | August 29, 2018 |
Published in Issue | Year 2018 Volume: 18 Issue: 4 |