Applying a New Model of Customer Value on International Air Passengers' Market in Taiwan
✍ Scribed by Wen-Yu Chiang
- Publisher
- John Wiley and Sons
- Year
- 2011
- Tongue
- English
- Weight
- 269 KB
- Volume
- 14
- Category
- Article
- ISSN
- 1099-2340
- DOI
- 10.1002/jtr.840
No coin nor oath required. For personal study only.
✦ Synopsis
ABSTRACT
This paper proposes a new model to discover customer value of air passengers by using data mining technologies. The results of this research can be applied in database marketing systems. The procedure applies See5/C5.0 (RuleQuest Research Pty Ltd, St Ives, New South Wales, Australia) decision tree; transaction records; Frequency, Price Discount, Destination and No‐Show (FPDN model; Recency, Frequency and Monetary model based) model variables; and socio‐economic variables to create decision rules for airline business. An empirical case of air passengers' market in Taiwan is implemented for the identification of this procedure and the Frequency, Price Discount, Destination and No‐Show model. Copyright © 2011 John Wiley & Sons, Ltd.