A framework encodes revenue in the user-item matrix, applies a novel high-dimensional similarity measure for customer segmentation based on revenue-generating baskets, and supports three profitability-aligned recommendation strategies validated on simulations and the UCI Online Retail dataset.
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Value-Aware Product Recommendation by Customer Segmentation using a suitable High-Dimensional Similarity Measure
A framework encodes revenue in the user-item matrix, applies a novel high-dimensional similarity measure for customer segmentation based on revenue-generating baskets, and supports three profitability-aligned recommendation strategies validated on simulations and the UCI Online Retail dataset.