A model for sales management by Markov process

A model for sales management by Markov process

0.00 Avg rating0 Votes
Article ID: iaor20043452
Country: China
Volume: 12
Issue: 3
Start Page Number: 63
End Page Number: 66
Publication Date: Jun 2003
Journal: Operations Research and Management Science
Authors:
Abstract:

This paper is concerned with the customers' present and future transaction in the store such as purchasing, returning. A prediction of the sale process with Q-matrix, then ranking the order of the customers according to the probabilities helps us make right decisions to encourage customers to purchase more and return less in order to gain more profits.

Reviews

Required fields are marked *. Your email address will not be published.