Predictive and Prescriptive Analytics for Location Selection of Add‐on Retail Products
نویسندگان
چکیده
منابع مشابه
Predictive and Prescriptive Analytics for Location Selection of Add-on Retail Products
In this paper, we study an analytical approach to selecting expansion locations for retailers selling add-on products whose demand is derived from the demand of another base product. Demand for the add-on product is realized only as a supplement to the demand of the base product. In our context, either of the two products could be subject to spatial autocorrelation where demand at a given locat...
متن کاملFrom Predictive to Prescriptive Analytics
Predictive analyses taking advantage of the recent explosion in the availability and accessibility of data have been made possible through flexible machine learning methodologies that are often well-suited to the variety and velocity of today’s data collection. This can be witnessed in recent works studying the predictive power of social media data and in the transformation of business practice...
متن کاملSystem Thinking: Crafting Scenarios for Prescriptive Analytics
This paper focuses on the first step in combining prescriptive analytics with scenario techniques in order to provide strategic development after the use of InSciTe, a data prescriptive analytics application. InSciTe supports the improvement of researchers ‘individual performance by recommending new research directions. Standardized influential factors are presented as a foundation for automate...
متن کاملPrescriptive Analytics Using Synthetic Information
We describe the use of synthetic information for doing prescriptive and predictive analytics. We discuss in detail how synthetic information is created by combining data from multiple sources, and then describe its role in an an ongoing disaster resilience study where we simulate the aftermath of a hypothetical nuclear detonation in Washington DC.
متن کاملRealtime Predictive and Prescriptive Analytics with Real-time Data and Simulation
The past few years have experienced tremendous growth in the use of simulation to improve the work place and the efficiency of every operation. Although processor speeds have increased at a very fast pace, simulation, due to its extensive computational and visualization requirements, have consistently challenged and used the processors to their full power. Moreover, with the evolving 64bit simu...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Production and Operations Management
سال: 2019
ISSN: 1059-1478,1937-5956
DOI: 10.1111/poms.13018