Cuiwei Peng¹, Jiahui Chen^2,*, Shicheng Wan³, Guotao Xu⁴

CMC-Computers, Materials & Continua, Vol.80, No.3, pp. 4341-4360, 2024, DOI:10.32604/cmc.2024.054109 - 12 September 2024

Abstract In today’s highly competitive retail industry, offline stores face increasing pressure on profitability. They hope to improve their ability in shelf management with the help of big data technology. For this, on-shelf availability is an essential indicator of shelf data management and closely relates to customer purchase behavior. RFM (recency, frequency, and monetary) pattern mining is a powerful tool to evaluate the value of customer behavior. However, the existing RFM pattern mining algorithms do not consider the quarterly nature of goods, resulting in unreasonable shelf availability and difficulty in profit-making. To solve this problem, we… More >

Nagaraju Jajam, Nagendra Panini Challa^*

CMC-Computers, Materials & Continua, Vol.75, No.1, pp. 977-997, 2023, DOI:10.32604/cmc.2023.036098 - 06 February 2023

Abstract In the insurance sector, a massive volume of data is being generated on a daily basis due to a vast client base. Decision makers and business analysts emphasized that attaining new customers is costlier than retaining existing ones. The success of retention initiatives is determined not only by the accuracy of forecasting churners but also by the timing of the forecast. Previous works on churn forecast presented models for anticipating churn quarterly or monthly with an emphasis on customers’ static behavior. This paper’s objective is to calculate daily churn based on dynamic variations in client… More >

Lin Lang¹, Shuang Zhou¹, Minjuan Zhong^1,*, Guang Sun¹, Bin Pan¹, Peng Guo^1,2

CMC-Computers, Materials & Continua, Vol.74, No.2, pp. 3503-3513, 2023, DOI:10.32604/cmc.2023.023596 - 31 October 2022

Abstract Using the RFM (Recency, Frequency, Monetary value) model can provide valuable insights about customer clusters which is the core of customer relationship management. Due to accurate customer segment coming from dynamic weighted applications, in-depth targeted marketing may also use type of dynamic weight of R, F and M as factors. In this paper, we present our dynamic weighted RFM approach which is intended to improve the performance of customer segmentation by using the factors and variations to attain dynamic weights. Our dynamic weight approach is a kind of Custom method in essential which roots in… More >

A. S. Harish^*, C. Malathy

Intelligent Automation & Soft Computing, Vol.36, No.1, pp. 589-600, 2023, DOI:10.32604/iasc.2023.032030 - 29 September 2022

Abstract Retailing is a dynamic business domain where commodities and goods are sold in small quantities directly to the customers. It deals with the end user customers of a supply-chain network and therefore has to accommodate the needs and desires of a large group of customers over varied utilities. The volume and volatility of the business makes it one of the prospective fields for analytical study and data modeling. This is also why customer segmentation drives a key role in multiple retail business decisions such as marketing budgeting, customer targeting, customized offers, value proposition etc. The… More >