Earticle

초록

영어

In this paper we consider utilizing dynamic Bayes network methods to model different types of long-term market basket analysis problems. The proposed approach can be used for learning and inference objectives, for both maximum likelihood parameters of a model given the structure and the dynamics of the structure itself. We use Markov Chain Monte Carlo (MCMC) methods such as Metropolis-Hastings to approximate high order integrals of the joint probability distributions and use results from the dynamic Bayes network literature to devise learning algorithms in a time-series market basket data setting. We illustrate the implementation of the proposed approach with real world data on the joint association structure of low-dimensional models and show that there are clear differences in long-term promotion effects depending on the nature of product categories and confirm the instantaneous, lagged effect of promotion activities and also the recency aspect of consumer choice behavior in multiple product category setting. The findings of our paper help further the understanding of consumer behavior through the dynamic analysis of market baskets and provide managerial insights on the use of big data and promotion strategies in offline and online retail stores.

목차

A B S T R A C T
Ⅰ. Introduction
Ⅱ. Literature Review
Ⅲ. Modelling Dynamic ConsumerChoice Behavior
3.1. Dynamic Consumer Choice Behavior Model
3.2. Parameter Estimation
3.3. Competing Models
3.4. Data Description
Ⅳ. Results
4.1. Analysis of Lagged Promotion Effect
4.2. Analysis of Purchase Recency Effect
4.3. Predictive Results
Ⅴ. Discussion and ManagerialImplications
5.1. Research Implications
5.2. Managerial Implications
5.3. Limitations and Future Research Directions
Ⅵ. Conclusion

키워드

저자

• Bumsoo Kim [ Associate Professor, Sogang Business School, Sogang University, Korea ]
• Yoon Han [ Associate Professor, Graduate School of Business IT, Kookmin University, Korea ] Corresponding author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  Asia Pacific Journal of Information Systems

• 간기

  계간

• pISSN

  2288-5404

• eISSN

  2288-6818

• 수록기간

  1990~2026

• 등재여부

  KCI 등재,SCOPUS

• 십진분류

  KDC 325 DDC 658