An introduction to genetic algorithms
An introduction to genetic algorithms
Thirty years of conjoint analysis: reflections and prospects
Interfaces - Special issue: marketing engineering
Shifting Innovation to Users via Toolkits
Management Science
Research Note: User Design of Customized Products
Marketing Science
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Today, more and more companies are providing web-based product configuration systems in order to better meet individual customer preferences. In many cases, pre-defined product specifications are additionally offered to facilitate the corresponding choice decisions. Against this background, we present a Poisson regression approach for analyzing customer preferences and a genetic algorithm for determining preference-based default products. The basis for this is transaction data, as they are automatically generated when configuring a product online. The potentials of the suggested methodology are demonstrated by means of two case studies referring to different product categories.