LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

Combination classification method for customer relationship management

Photo from wikipedia

Purpose For classification problems of customer relationship management (CRM), the purpose of this paper is to propose a method with interpretability of the classification results that combines multiple decision trees… Click to show full abstract

Purpose For classification problems of customer relationship management (CRM), the purpose of this paper is to propose a method with interpretability of the classification results that combines multiple decision trees based on a genetic algorithm. Design/methodology/approach In the proposed method, multiple decision trees are combined in parallel. Subsequently, a genetic algorithm is used to optimize the weight matrix in the combination algorithm. Findings The method is applied to customer credit rating assessment and customer response behavior pattern recognition. The results demonstrate that compared to a single decision tree, the proposed combination method improves the predictive accuracy and optimizes the classification rules, while maintaining interpretability of the classification results. Originality/value The findings of this study contribute to research methodologies in CRM. It specifically focuses on a new method with interpretability by combining multiple decision trees based on genetic algorithms for customer classification.

Keywords: customer; combination; customer relationship; relationship management; classification

Journal Title: Asia Pacific Journal of Marketing and Logistics
Year Published: 2019

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.