Cost-oriented recommendation model for e-commerce

Chodak, Grzegorz and Suchacka, Grażyna (2012): Cost-oriented recommendation model for e-commerce. Published in: Communications in Computer and Information Science , Vol. 291, (June 2012): pp. 421-429.

Abstract

Contemporary Web stores offer a wide range of products to e-customers. However, online sales are strongly dominated by a limited number of bestsellers whereas other, less popular or niche products are stored in inventory for a long time. Thus, they contribute to the problem of frozen capital and high inventory costs. To cope with this problem, we propose using information on product cost in a recommender system for a Web store. We discuss the proposed recommendation model, in which two criteria have been included: a predicted degree of meeting customer’s needs by a product and the product cost.

• Item Type: MPRA Paper
• Language: English
• Keywords: recommendation method, recommender system, e-commerce, web store, cost
• Subjects: L - Industrial Organization > L8 - Industry Studies: Services > L81 - Retail and Wholesale Trade ; e-Commerce; L - Industrial Organization > L8 - Industry Studies: Services > L86 - Information and Internet Services ; Computer Software

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