An Approach to Customer Behavior Modeling using Markov Decision Process

dc.contributor.authorGrunt, Ondrej
dc.contributor.authorPlucar, Jan
dc.contributor.authorStakova, Marketa
dc.contributor.authorJanecko, Tomas
dc.contributor.authorZelinka, Ivan
dc.coverage.issue1cs
dc.coverage.volume23cs
dc.date.accessioned2019-06-26T10:18:09Z
dc.date.available2019-06-26T10:18:09Z
dc.date.issued2017-06-01cs
dc.description.abstractThis paper presents an application of Markov Decision Process method for modeling of selected marketing processes. Based on available realistic data, MDP model is constructed. Customer behavior is represented by a set of states of the model with assigned rewards corresponding to the expected return value. Outcoming arcs then represent actions available to the customer in current state. Favourable outcome rate of available actions is then analyzed, with emphasis on suitability of the model for future predictions of customer behavior.en
dc.formattextcs
dc.format.extent141-148cs
dc.format.mimetypeapplication/pdfen
dc.identifier.citationMendel. 2017 vol. 23, č. 1, s. 141-148. ISSN 1803-3814cs
dc.identifier.doi10.13164/mendel.2017.1.141en
dc.identifier.issn2571-3701
dc.identifier.issn1803-3814
dc.identifier.urihttp://hdl.handle.net/11012/179210
dc.language.isoencs
dc.publisherInstitute of Automation and Computer Science, Brno University of Technologycs
dc.relation.ispartofMendelcs
dc.relation.urihttps://mendel-journal.org/index.php/mendel/article/view/65cs
dc.rights.accessopenAccessen
dc.subjectmarkov decision processen
dc.subjectmarketingen
dc.subjectmodelsen
dc.subjectprobabilityen
dc.titleAn Approach to Customer Behavior Modeling using Markov Decision Processen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
eprints.affiliatedInstitution.facultyFakulta strojního inženýrstvícs
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