A comparison shopping optimization model based on suppliers' pricing contexts

Authors:
Yong Sik Chang;Kyoung Jun Lee
Affiliations:
Department of e-Business, Hanshin University, 411 Yangsan-dong, Osan, Kyunggi 447-791, Republic of Korea;College of Business Administration, Kyung Hee University, 1 Hoegi-dong, Dongdaemun-gu, Seoul 130-701, Republic of Korea
Venue:
Expert Systems with Applications: An International Journal
Year:
2010

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Abstract

Consumers in the online shopping environment have had difficulties in selecting an optimal supplier. This is caused by the fact that current comparison shopping services have limitations in considering supplier's various pricing strategies. Current Comparison Shopping Model (CSM) including these limitations may enable online consumers to select a non-optimal supplier. To overcome these problems, we proposed a Comparison Shopping Optimization Model based on Suppliers' Pricing Contexts (CSOM-SPC), which gives online consumers effective price-sorted suppliers. Through illustrative experimentation and paired t-test, we show that CSOM-SPC provides more realistic and effective comparison prices compared with current CSM.