• Title of article

    Pareto law of the expenditure of a person in convenience stores

  • Author/Authors

    Takayuki Mizuno، نويسنده , , Masahiro Toriyama، نويسنده , , Takao Terano، نويسنده , , Misako Takayasu، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2008
  • Pages
    5
  • From page
    3931
  • To page
    3935
  • Abstract
    We study the statistical laws of the expenditure of a person in convenience stores by analyzing around 100 million receipts. The density function of expenditure exhibits a fat tail that follows a power law. Using the Lorenz curve, the Gini coefficient is estimated to be 0.70; this implies that loyal customers contribute significantly to a store’s sales. We observe the Pareto principle where both the top 25% and 2% of the customers account for 80% and 25% of the store’s sales, respectively
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Serial Year
    2008
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Record number

    872571