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K-Means Clustering-Based Market Basket Analysis: U.K. Online E-Commerce Retailer

机译:K-Meary基于聚类的市场篮分析:U.K.在线电子商务零售商

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摘要

Market basket analysis provides retailers a significant edge when they go to the market. This is especially as traditional marketing costs are increasing each year, while generating lesser return on investment. A UK-domiciled online retailer involved in selling gift products to mainly wholesaler clientele, was looking to create recommendations for bundling sales to promote cross-selling and/or upselling opportunities. Differentiated bundling strategies can have significant effect on product sales, while designed in response to consumer interest. However, segmentation applied to augment MBA is less common in literature, with limited studies applied on online retailers. The key objective of this research is to (i) add to the literature on segmentation-backed MBA analysis on online retailers, and (ii) understand how different products from an online retailer interrelate, and how to exploit these relationships to generate product bundling strategies, from an implementation standpoint.
机译:市场篮子分析为零售商提供了一个重要的优势,当他们到市场时。 特别是随着传统营销成本每年增加,同时产生较小的投资回报。 一家涉及销售礼品产品的英国住宅型在线零售商主要是批发商客户,希望为捆绑销售促进交叉销售和/或抚养机会的建议。 差异化的捆绑策略可能对产品销售产生重大影响,而响应消费者兴趣而设计。 然而,应用于增强MBA的分割在文献中不太常见,在线零售商研究有限。 本研究的关键目标是(i)在线零售商的分段支持的MBA分析中的文献,(ii)了解在线零售商之间的不同产品如何相互关联,以及如何利用这些关系来生成产品捆绑策略 ,从实现角度来看。

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