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INFSOF
2006
129views more  INFSOF 2006»
13 years 5 months ago
An interactive service customization model
: Mass customization has become one of the key strategies for a service provider to differentiate itself from its competitors in a highly segmented global service market. This pape...
Jian Cao, Jie Wang, Kincho H. Law, Shen-sheng Zhan...
SIGKDD
2002
232views more  SIGKDD 2002»
13 years 5 months ago
The True Lift Model - A Novel Data Mining Approach to Response Modeling in Database Marketing
In database marketing, data mining has been used extensively to find the optimal customer targets so as to maximize return on investment. In particular, using marketing campaign d...
Victor S. Y. Lo
IOR
2010
99views more  IOR 2010»
13 years 4 months ago
Dynamic Pricing with a Prior on Market Response
We study a problem of dynamic pricing faced by a vendor with limited inventory, uncertain about demand, aiming to maximize expected discounted revenue over an infinite time horiz...
Vivek F. Farias, Benjamin Van Roy
INCDM
2007
Springer
69views Data Mining» more  INCDM 2007»
13 years 11 months ago
Simultaneous Co-clustering and Modeling of Market Data
For difficult prediction problems, practitioners often segment the data into relatively homogenous groups and then build a model for each group. This two-step procedure usually res...
Meghana Deodhar, Joydeep Ghosh
DMIN
2009
142views Data Mining» more  DMIN 2009»
13 years 3 months ago
Action Selection in Customer Value Optimization: An Approach Based on Covariate-Dependent Markov Decision Processes
Typical methods in CRM marketing include action selection on the basis of Markov Decision Processes with fixed transition probabilities on the one hand, and scoring customers separ...
Angi Roesch, Harald Schmidbauer