Implementing a Markov-based Accounts Receivable DSS: A Prototyping Approach

Implementing a Markov-based Accounts Receivable DSS: A Prototyping Approach

Julie E. Kendall (Rutgers University, USA) and Marc J. Schniederjans (University of Nebraska-Lincoln, USA)
Copyright: © 1991 |Pages: 8
DOI: 10.4018/joeuc.1991100101
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Abstract

A microcomputer was used to develop a prototype DSS for a Markov-based accounts receivable problem. The DSS was developed for and used by decision makers in a U.S. distribution center for religious articles. Analysis and evaluation of the application reveals that the use of the microcomputer-based DSS helps end users understand the use and decision value of the information provided by Markov analysis, enables decision scientists to demonstrate the usefulness of their methodologies, and helps analysts successfully prototype models on a microcomputer before transferring them to larger systems.

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