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© Jyotdeep Singh, Parnika Tyagi, Girish Kumar and Saurabh Agrawal. This work is published under https://creativecommons.org/licenses/by-nc/3.0/legalcode (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

Purpose

The objective of the study is to develop a methodology to strategically rank store locations using criteria such as population, store site characteristics, economic considerations, competition and so on to select the most optimal retail convenience store location.

Design/methodology/approach

A case of National Capital Region, India, for a 24-h convenience store was considered for the study and the major criteria that affect the performance of a convenience store are identified, such as population characteristics, economic criteria, competition, consumer accessibility, store size, total cost, site attractiveness and security. Fuzzy AHP is utilized to find the weightage for each criteria and a combination of fuzzy TOPSIS and grey relational analysis (GRA) is applied to rank the alternative using these criteria weight. Further, results obtained are compared with results from fuzzy TOPSIS and fuzzy VIKOR methods. Sensitivity analysis is also performed for ensuring the robustness of the framework.

Findings

It is observed that outcomes do not change under various settling coefficient values, demonstrating that the methodology is very robust. The developed framework will be quite useful to diverse retailers looking to expand and generate substantial profits.

Research limitations/implications

A large sample size of number of locations encourages generalization of results. Strategic ranking of the selected locations is carried out on a few selected criteria. The study was limited by the designated geographical area.

Originality/value

The study contributes to the few available articles on convenience store selection using combination of fuzzy AHP, fuzzy TOPSIS and GRA for a developing country.

Details

Title
Convenience store locations prioritization: a fuzzy TOPSIS-GRA hybrid approach
Author
Singh, Jyotdeep; Tyagi, Parnika; Kumar, Girish; Agrawal, Saurabh
Pages
281-302
Publication year
2020
Publication date
2020
Publisher
Emerald Group Publishing Limited
e-ISSN
26313871
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2533128177
Copyright
© Jyotdeep Singh, Parnika Tyagi, Girish Kumar and Saurabh Agrawal. This work is published under https://creativecommons.org/licenses/by-nc/3.0/legalcode (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.