This paper is published in Volume-4, Issue-5, 2018
Area
Operations Research
Author
Varun Nangrani
Co-authors
Srishty Jain, Sukhad Sahu, Tanya Rana, Unnati Dholakia
Org/Univ
SVKM's Narsee Monjee Institute of Management Studies, Mumbai, Maharashtra, India
Pub. Date
13 October, 2018
Paper ID
V4I5-1399
Publisher
Keywords
Operations research, Franchising decisions, Assignment problems

Citationsacebook

IEEE
Varun Nangrani, Srishty Jain, Sukhad Sahu, Tanya Rana, Unnati Dholakia. Operations research in franchising decisions, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Varun Nangrani, Srishty Jain, Sukhad Sahu, Tanya Rana, Unnati Dholakia (2018). Operations research in franchising decisions. International Journal of Advance Research, Ideas and Innovations in Technology, 4(5) www.IJARIIT.com.

MLA
Varun Nangrani, Srishty Jain, Sukhad Sahu, Tanya Rana, Unnati Dholakia. "Operations research in franchising decisions." International Journal of Advance Research, Ideas and Innovations in Technology 4.5 (2018). www.IJARIIT.com.

Abstract

Decision making as a progressive and analytical method in operations research serves the basis for estimating potential outcomes for any given subject matter. The objective of any rational business to stay competitive is to optimize while deriving maximum utility. For an F&B industry, adapting to customer tastes and preferences is a highly challenging task. An aggressive industry in itself, the feasibility of the many different options through quantitative and qualitative analysis holds prudence. To enhance decisions, assignment problem as a technique helps to derive relevant conclusions, as in this case, the optimal assignment of a franchise with respect to its location on the many influential factors. This justification provides a necessary breakdown of how any firm facing expansion can consider the options available.
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