Residential College | false |
Status | 已發表Published |
A decision-making framework for precision marketing | |
ZhenYou1; Yain-Whar Si2; Defu Zhang1; XiangXiang Zeng1; Stephen C.H. Leung3; Tao Li1,4 | |
2015-05-01 | |
Source Publication | Expert Systems with Applications |
ABS Journal Level | 1 |
ISSN | 09574174 |
Volume | 42Issue:7Pages:3357-3367 |
Abstract | Precision marketing offers personalized customer service and is used to help enterprises increase their profits by means of high-efficiency marketing. This paper presents a novel decision-making framework for precision marking using data-mining techniques. First, this study presents a trend model to accurately predict monthly supply quantity; second, it uses a RFM (Recency, Frequency and Monetary) model to select attributes to cluster customers into different groups; third, it uses CHAID decision trees and Pareto values to identify important attribute values to distinguish different customer groups; and finally, it creates different supply strategies targeting each customer group. The objective of the proposed precision-making framework is to help managers identify the potential characteristics of different customer categories and put forward appropriate precision marketing strategies, which can greatly reduce inventory for every customer category. The real-world data from a company in China were collected and used in a case study to illustrate how to implement the proposed framework. This case study demonstrates that our proposed decision-making framework is efficient and capable of providing a very good precision marketing strategy for enterprises. |
Keyword | Data Mining Decision Tree Decision-making Forecasting Precision Marketing |
DOI | 10.1016/j.eswa.2014.12.022 |
URL | View the original |
Indexed By | SCIE |
Language | 英語English |
WOS Research Area | Computer Science ; Engineering ; Operations Research & Management Science |
WOS Subject | Computer Science, Artificial Intelligence ; Engineering, Electrical & Electronic ; Operations Research & Management Science |
WOS ID | WOS:000350182600006 |
Scopus ID | 2-s2.0-84920982952 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE |
Corresponding Author | ZhenYou; Yain-Whar Si; Defu Zhang; XiangXiang Zeng; Stephen C.H. Leung; Tao Li |
Affiliation | 1.Department of Computer Science, Xiamen University, Xiamen 361005, China 2.Department of Computer and Information Science, University of Macau, Macau, China 3.Department of Management Sciences, City University of Hong Kong, Hong Kong 4.School of Computer Science, Florida International University, Miami, FL, USA |
Corresponding Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | ZhenYou,Yain-Whar Si,Defu Zhang,et al. A decision-making framework for precision marketing[J]. Expert Systems with Applications, 2015, 42(7), 3357-3367. |
APA | ZhenYou., Yain-Whar Si., Defu Zhang., XiangXiang Zeng., Stephen C.H. Leung., & Tao Li (2015). A decision-making framework for precision marketing. Expert Systems with Applications, 42(7), 3357-3367. |
MLA | ZhenYou,et al."A decision-making framework for precision marketing".Expert Systems with Applications 42.7(2015):3357-3367. |
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