• DocumentCode
    3049426
  • Title

    Does selection bias blind performance diagnostics of business decision models? A case study in salesforce optimization

  • Author

    Wang, Jun ; Singh, Moninder ; Varshney, Kush R.

  • Author_Institution
    Thomas J. Watson Res. Center, Bus. Anal. & Math. Sci. Dept., IBM, Yorktown Heights, NY, USA
  • fYear
    2012
  • fDate
    8-10 July 2012
  • Firstpage
    416
  • Lastpage
    421
  • Abstract
    Modern business decision models are often very complicated due to a deluge of information. Evaluation and diagnostics of such decision models is extremely challenging due to many factors, including the complexity and volume of data. In addition, since there is no ideal data sample to construct a control group for comparison studies, performance evaluation and diagnostics of business actions can easily be distorted by selection bias. In this paper, we design a framework to analyze this sample bias issue under a practical business scenario. In particular, we focus on: a) identification of the key factors which drive selection bias during the business decision; b) evaluation of the performance of business actions with consideration of the identified selection bias. We evaluate baseline analytics tools on the worldwide sales-force data of a large global corporation and clearly demonstrate that the selection bias issue makes the usual evaluation very unstable and not trustable. However, by removing such detected sample bias, our framework can generate reasonable diagnostics results across different dimensions. The implemented analysis tool was applied to a worldwide business opportunity dataset of a multinational Fortune 500 corporation; the analytics results clearly show the significance of such a bias detection-based evaluation framework for sales-force optimization.
  • Keywords
    business data processing; decision making; globalisation; organisational aspects; sales management; baseline analytics tool; bias detection-based evaluation framework; business action diagnostics; business action performance evaluation; business decision model; business scenario; data complexity; data volume; global corporation; multinational Fortune 500 corporation; performance diagnostics; sales-force data; salesforce optimization; selection bias; worldwide business opportunity dataset; Business; Feature extraction; Logic gates; Optimization;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Service Operations and Logistics, and Informatics (SOLI), 2012 IEEE International Conference on
  • Conference_Location
    Suzhou
  • Print_ISBN
    978-1-4673-2400-7
  • Type

    conf

  • DOI
    10.1109/SOLI.2012.6273573
  • Filename
    6273573