DocumentCode
3306891
Title
Research on consumer´s consumption behavior based on ant system
Author
Chong Wang ; Yanqing Wang
Author_Institution
Bus. Sch., Huaihai Inst. of Technol., Lianyungang, China
Volume
2
fYear
2011
fDate
26-28 July 2011
Firstpage
1162
Lastpage
1166
Abstract
With the market competition being increasingly intensive, it is necessary for company to carry out one-to-one marketing to consumers. Therefore, the ability to predict consumer´s consumption behavior basing on data mining has become a key source of competitive advantage for company. In this paper, we propose a novel algorithm, which bases on ant colony optimization (ACO) to cluster consumer´s consumption data sets with different favor for predicting consumer´s behavior. The algorithm is applied to grouping consumer data into classes or clusters for revealing consumer´s consumption behavior. The novel algorithm adopts simulated annealing concept for ants to decreasingly visit cities to get local optimal solutions. Finally, the algorithm is validated by the example of clustering consumer´s credit card data. The result indicates the algorithm is successful in clustering data for analyzing consumer´s behavior. The research presented in this paper makes contribution to predicting consumer´s consumption behavior.
Keywords
consumer behaviour; credit transactions; data mining; pattern clustering; simulated annealing; ant colony optimization; ant system; consumer consumption behavior; consumer consumption data set clustering; consumer credit card data clustering; data mining; grouping consumer data; one-to-one marketing; simulated annealing concept; Business; Cities and towns; Clustering algorithms; Credit cards; Data mining; Partitioning algorithms; Prediction algorithms; ant system; clustering; consumer; consumption behavior; data mining;
fLanguage
English
Publisher
ieee
Conference_Titel
Fuzzy Systems and Knowledge Discovery (FSKD), 2011 Eighth International Conference on
Conference_Location
Shanghai
Print_ISBN
978-1-61284-180-9
Type
conf
DOI
10.1109/FSKD.2011.6019660
Filename
6019660
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