Kohonen clustering is one of the important functions of data mining. From the aspect of data mining, clustering research extracts valuable knowledge from large data sets intelligently and automatically. Kohonen clustering was proposed along with the development of databases and the emergence of data mining and Knowledge discovery technology. Kohonen clustering is applied in many areas, such as:...

This paper studies a competitive Hotelling-style market with two symmetric banks that decide the pricing and location of their automated teller machines (ATMs). Two different systems are considered in this paper: an unregulated model wherein banks are allowed to set surcharges, and a regulated model in which surcharges are banned. We derive equilibrium outcomes and compare them in the two syste...

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Big box retail stores have large impact on local economies and receive large subsidies from local governments. Hence it is important to understand how discount retail chains choose store locations. In this paper, I study the entry decisions of those firms, examine the role of preemptive incentives, and evaluate the impact of government subsidies on those decisions. To quantify preemptive incent...

The main objective of the ongoing study is to investigate obstacles and driving forces affecting organization adoption of innovation. In order to that an example of the mobile payments applied in the Swedish retail industry has been used. The main analyzed factors are: adopter characteristics, supplier marketing activity, perceived innovation characteristics, social network, and environmental i...

The emergence and tremendous growth of the new economy has unleashed powerful forces that are reshaping the retail industry at an unprecedented rate. Everything from customer relationships to branding to supply chain management is impacted by this revolution. Given the dynamics at work in the new economy, retailers are struggling to strike a balance between maintaining operational excellence an...

Medion is not a product manufacturer. Rather, it is a service provider offering retail partners the right product at the right time at an attractive price so they can pass good value for money on to their customers. Medion supervises and manages the entire value chain, from the initial product idea right through to after-sales services.

Electronic business (EB) on the Internet has been promoted as a revolutionary technology that will transform “the way we do business.” This paper presents the results of an exploratory study, which compares the financial performance (FP) of 73 publicly held U.S. corporations from the retail industry over a ten-year period. The study analyzes the financial statements of these companies to determ...

Based on ongoing research in multi channel management, we are proposing a simple taxonomy of multi channel strategies. Cases from the grocery retail industry are not only used to illustrate four core strategies but also to study contingencies for the choice of the respective strategies. Furthermore, the cases are used to analyze the alignment of corporate marketing and online channel strategies.