The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Customizing Promotions in Online Stores
Abstract
The main objective of this paper is to provide a decision-support system of micro-level customized promotions, primarily for use in online stores. Our proposed approach utilizes the one-on-one and interactive nature of the Internet shopping environment and provides recommendations on when to promote how much to whom. We address the issue by first constructing a joint purchase incidence-brand choice-purchase quantity model that incorporates how variety-seeking/inertia tendency differs among households and change over time for the same household. Based on the model, we develop an optimization procedure to derive the optimal amount of price discount for each household on each shopping trip. We demonstrate that the proposed customization method could greatly improve the effectiveness of current promotion practices, and discuss the implications for retailers and consumer packaged goods companies in the age of Internet technology.
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Cites
The Value of Purchase History Data in Target Marketing
Rossi, P. E., McCulloch, R. E., & Allenby, G. M. (1996) · Marketing Science · doi:10.1287/mksc.15.4.321 · Cited by 754
Brand and Quantity Choice Dynamics Under Price Uncertainty
Erdem, T., Imai, S., & Keane, M. P. (2003) · Quantitative Marketing and Economics · doi:10.1023/a:1023536326497 · Cited by 331
Investigating Household Purchase Timing Decisions: A Conditional Hazard Function Approach
Jain, D. C., & Vilcassim, N. J. (1991) · Marketing Science · doi:10.1287/mksc.10.1.1 · Cited by 270
Modeling Inertia and Variety Seeking Tendencies in Brand Choice Behavior
Bawa, K. (1990) · Marketing Science · doi:10.1287/mksc.9.3.263 · Cited by 213
Cited by
Digital marketing: a framework, review, and research agenda
Kannan, P. K., & Li, H. “. (2017) · International Journal of Research in Marketing · doi:10.1016/j.ijresmar.2016.11.006 · Cited by 1,707
Marketing Analytics for Data-Rich Environments
Wedel, M., & Kannan, P. K. (2016) · Journal of Marketing · doi:10.1509/jm.15.0413 · Cited by 1,261
Adaptive personalization using social networks
Chung, T. S., Wedel, M., & Rust, R. T. (2016) · Journal of the Academy of Marketing Science · doi:10.1007/s11747-015-0441-x · Cited by 184
Mobile App Analytics: A Multiple Discrete-Continuous Choice Framework1
Han, S. P., Park, S., & Oh, W. (2016) · MIS Quarterly · doi:10.25300/misq/2016/40.4.09 · Cited by 86
Reimer, K., & Becker, J. U. (2015) · Management Review Quarterly · doi:10.1007/s11301-014-0110-z · Cited by 11
Metadata
- Authors
- Zhang, J., & Krishnamurthi, L.
- Venue
- Marketing Science
- Published
- 2004-11
- Volume
- 23
- Issue
- 4
- Pages
- 561-578
- ISSN
- 0732-2399 (ISSN-L)
- 1526-548X
- OpenAlex
- W2095671462
- Cited by
- 202
- References
- 4
- FWCI
- 34.59
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.