We investigate the application of two topic models, latent Dirichlet allocation (LDA) and the correlated topic model (CTM), to market basket analysis. Topic models measure the association between observed purchases and underlying latent activities of shoppers by conceiving each basket as random...

The following research is guided by the hypothesis that products chosen on a shopping trip in a supermarket can indicate the preference interdependencies between different products or brands. The bundle chosen on the trip can be regarded as the result of a global utility function. More...

Purpose The purpose of this paper is to explore various limitations of conventional mining systems in extracting useful buying patterns from retail transactional databases flooded with Big Data. The key objective is to assist retail business owners to better understand the purchase needs of...

We combine spatial and monopolistic competition to study market interactions between downtown retailers and an outlying shopping mall. Consumers shop at either marketplace or at both, and buy each variety in volume. The market solution stems from the interplay between the market expansion...

Payment and checkout at retail stores is increasingly being replaced by automated systems. One recent technological invention in this area is mobile self-scanning in which customers carry a mobile scanner while shopping. Mobile self-scanners give real-time feedback on spending. The device...

Previous research has shown relationships between variables of the retailing environment, such as design and ambiance, and impulse buying. However, little is known about the influence of social environment on this type of purchase. Therefore, the main purpose of this current study is to examine...

Previous research has shown relationships between variables of the retailing environment, such as design and ambiance, and impulse buying. However, little is known about the influence of social environment on this type of purchase. Therefore, the main purpose of this current study is to examine...

Payment and checkout at retail stores is increasingly being replaced by automated systems. One recent technological invention in this area is mobile self-scanning in which customers carry a mobile scanner while shopping. Mobile self-scanners give real-time feedback on spending. The device...

Young people have rapidly adopted the practice of using a variety of channels through which to shop, especially for products that require thorough information on features and price. IT & C products fall into this category, and buyers using multiple channels benefit from the advantages of...