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Dominance relationship analysis with budget constraints
Ge S.1; U L.H.2; Mamoulis N.1; Cheung D.W.L.1
2015-02-01
Source PublicationKnowledge and Information Systems
ISSN02193116 02191377
Volume42Issue:2Pages:409-440
Abstract

Creating a new product that dominates all its competitors is one of the main objectives in marketing. Nevertheless, this might not be feasible since in practice the development process is confined by some constraints, e.g., limited funding or low target selling price. We model these constraints by a constraint function, which determines the feasible characteristics of a new product. Given such a budget, our task is to decide the best possible features of the new product that maximize its profitability. In general, a product is marketable if it dominates a large set of existing products, while it is not dominated by many. Based on this, we define dominance relationship analysis and use it to measure the profitability of the new product. The decision problem is then modeled as a budget constrained optimization query (BOQ). Computing BOQ is challenging due to the exponential increase in the search space with dimensionality. We propose a divide-and-conquer based framework, which outperforms a baseline approach in terms of not only execution time but also space complexity. Based on the proposed framework, we further study an approximation solution, which provides a good trade-off between computation cost and quality of result.

KeywordBudget Constrained Optimization Query Dominance Relationship Analysis
DOI10.1007/s10115-013-0694-y
URLView the original
Language英語English
WOS IDWOS:000347776300006
Scopus ID2-s2.0-84890252565
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Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF COMPUTER AND INFORMATION SCIENCE
Faculty of Science and Technology
Affiliation1.The University of Hong Kong
2.Universidade de Macau
Recommended Citation
GB/T 7714
Ge S.,U L.H.,Mamoulis N.,et al. Dominance relationship analysis with budget constraints[J]. Knowledge and Information Systems, 2015, 42(2), 409-440.
APA Ge S.., U L.H.., Mamoulis N.., & Cheung D.W.L. (2015). Dominance relationship analysis with budget constraints. Knowledge and Information Systems, 42(2), 409-440.
MLA Ge S.,et al."Dominance relationship analysis with budget constraints".Knowledge and Information Systems 42.2(2015):409-440.
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