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Management Model Based on the Croston Method and Nash-in-Nash Negotiation to Increase Sales in a Small Hardware Business

  • Universidad Peruana de Ciencias Aplicadas

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Companies in the hardware and home improvement sector have experienced an increase in Peru, driven specifically by the sale of hardware products. This has led to increased competitiveness, requiring companies to manage their resources and strategies promptly to achieve a positive impact on their sales and, consequently, their market profitability. In this context, this research work aims to increase the sales of a small hardware business (SME) located in the Lima district through the implementation of the Croston method and Nash-in-Nash negotiation. This hardware store experienced a 44% decrease in sales from 2021 to 2022. Indicators were also established to measure the impact of the proposed tools on the processes to be improved and on the company's sales. As a main result, an increase in sales of 6.39% was achieved, demonstrating the effectiveness of the implemented model.

Original languageEnglish
Title of host publication2024 10th International Conference on Innovation and Trends in Engineering, CONIITI 2024 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
Edition2024
ISBN (Electronic)9798331531720
DOIs
StatePublished - 2024
Event10th International Conference on Innovation and Trends in Engineering, CONIITI 2024 - Bogota, Colombia
Duration: 2 Oct 20244 Oct 2024

Conference

Conference10th International Conference on Innovation and Trends in Engineering, CONIITI 2024
Country/TerritoryColombia
CityBogota
Period2/10/244/10/24

Keywords

  • Forecasting
  • demand
  • price
  • product
  • strategic partners

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