arXivDaily arXiv每日学术速递 周一至周五更新
arXiv 1707.08029cs.IRcs.AI

Price and Profit Awareness in Recommender Systems

TU Dortmund(多特蒙德工业大学);University of Minnesota(明尼苏达大学)

Dietmar Jannach, Gediminas Adomavicius

英文摘要:

Academic research in the field of recommender systems mainly focuses on the problem of maximizing the users' utility by trying to identify the most relevant items for each user. However, such items are not necessarily the ones that maximize the utility of the service provider (e.g., an online retailer) in terms of the business value, such as profit. One approach to increasing the providers' utility is to incorporate purchase-oriented information, e.g., the price, sales probabilities, and the resulting profit, into the recommendation algorithms. In this paper we specifically focus on price- and profit-aware recommender systems. We provide a brief overview of the relevant literature and use numerical simulations to illustrate the potential business benefit of such approaches.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

↑