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Clustering as a tool for optimizing the sale of consumer goods

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21260%2F17%3A00314336" target="_blank" >RIV/68407700:21260/17:00314336 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Clustering as a tool for optimizing the sale of consumer goods

  • Original language description

    Nowadays, most sales of consumer goods are realized by e-shops. For these shops, of course, it is impossible – in terms finance and/or space - to have large quantities of these goods in stock. It is therefore necessary to reduce the offered goods in a suitable and sophisticated way. In this work, based on the knowledge of historical data and using the Cluster Analysis, the sales offer of these goods is optimized. Here the supply of goods is reduced depending on the price and the sale time using the real data. With this reduction, only a certain type and quantity of goods can be stocked within a certain time period to be offered at that time period. The entire supply of goods is selected by individual clusters that determine what goods, at what prices and in what time period are at a certain moment beneficial to sell. This therefore reduces the total sales offer and hence the need to own or fund unnecessarily large warehouses. The cluster analysis is applied to the real data of laptop sales in a medium-sized e-shop in the Czech Republic for the period 2016.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

  • OECD FORD branch

    50202 - Applied Economics, Econometrics

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2017

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Proceedings of IAC 2017 in Vienna

  • ISBN

    978-80-88203-03-2

  • ISSN

  • e-ISSN

  • Number of pages

    4

  • Pages from-to

    135-138

  • Publisher name

    Czech Institute of Academic Education z.s.

  • Place of publication

    Praha

  • Event location

    Vídeň

  • Event date

    Aug 18, 2017

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article