Title :
Searching optimal product bundles by means of GA-based Engine and Market Basket Analysis
Author :
Birtolo, Cosimo ; De Chiara, Diego ; Losito, Simona ; Ritrovato, Pierluigi ; Veniero, Mario
Author_Institution :
S-FSTI Res. Center, Poste Italiane S.p.A., Naples, Italy
Abstract :
The product bundling problem is a challenging task in the e-Commerce domain. We propose a generative engine in order to find the bundle of products that best satisfies user requirements and, at the same time, seller needs such as the minimization of the dead stocks and the maximization of net income. The proposed system named Intelligent Bundle Suggestion and Generation (IBSAG) is designed in order to satisfy these requirements. Market Basket Analysis supports the system in user requirement elicitation task. Experimental results prove the ability of system in finding the optimal tradeoff between different and conflicting constraints.
Keywords :
data mining; electronic commerce; genetic algorithms; retail data processing; GA-based engine; IBSAG; Intelligent Bundle Suggestion and Generation; association rules mining; conflicting constraints; dead stock minimization; e-commerce domain; generative engine; market basket analysis; net income maximization; optimal product bundle searching; product bundling problem; user requirement elicitation; user requirement satisfaction; Association rules; Biological cells; Electronic mail; Engines; Itemsets; Sociology; Statistics;
Conference_Titel :
IFSA World Congress and NAFIPS Annual Meeting (IFSA/NAFIPS), 2013 Joint
Conference_Location :
Edmonton, AB
DOI :
10.1109/IFSA-NAFIPS.2013.6608442