DocumentCode :
3461611
Title :
Customer Life-Long Value Computing Research Based on Expenditure Assignment
Author :
Zu, Qiaohong ; Chen, Dingfang
Author_Institution :
Sch. of Logistics Eng., WHUT, Wuhan
fYear :
2008
fDate :
12-14 Oct. 2008
Firstpage :
1
Lastpage :
4
Abstract :
The customer life-long value is the key factor to survey the customer relationship management plan to be successful or not, its influencing factor is very complex, and many factors´ influence hasn´t very good quantification means at present. In this paper, the customer life-long value´s composition was analyzed, the influencing factor and the computational method of the customer life-long value was analyzed, too. Then the customer life-long value model based on customer expenditure assignment was researched. This model can manifest the influence to the customer life-long value effectively that the change of enterprise to the customer´s retention rate, the customer´s purchase transformation variation and the market competition environmental variation have done. Because the customer´s purchase transformation change conformed the request of the Markov chain about the non after effect´s supposition, it is proposed that the flowing customer percentage was forecasted with the Markov forecast model. Combining with the case, the quantitative analysis was made on the influence of customer´s expenditure assignment to the customer life-long value.
Keywords :
Markov processes; customer relationship management; Markov chain; Markov forecast model; customer expenditure assignment; customer life-long value computing research; quantitative analysis; Cities and towns; Companies; Costs; Customer relationship management; Economic forecasting; Frequency; Logistics; Maintenance engineering; Predictive models; Statistics;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
Type :
conf
DOI :
10.1109/WiCom.2008.1980
Filename :
4680169
Link To Document :
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