Article ID: | iaor1999238 |
Country: | Netherlands |
Volume: | 93 |
Issue: | 2 |
Start Page Number: | 346 |
End Page Number: | 357 |
Publication Date: | Sep 1996 |
Journal: | European Journal of Operational Research |
Authors: | Jacob Varghese S., Cooper Martha C., Balakrishnan P.V. (Sundar), Lewis Phillip A. |
Keywords: | neural networks |
Given the success of neural networks in a variety of applications in engineering, such as speech and image quantization, it is natural to consider its application to similar problems in other domains. A related problem that arises in business is market segmentation for which clustering techniques are used. In this paper, we explore the ability of a specific neural network, namely the Frequency-Sensitive Competitive Learning Algorithm (FSCL), to cluster data for developing strategic marketing decisions. To this end, we investigate the comparative performance of FSCL vis-à-vis the