@inproceedings{6bef62c6edbc49f4b35e7cb65413c827,
title = "Profit mining: From patterns to actions",
abstract = "A major obstacle in data mining applications is the gap between the statistic-based pattern extraction and the value-based decision making. We present a profit mining approach to reduce this gap. In profit mining, we are given a set of past transactions and pre-selected target items, and we like to build a model for recommending target items and promotion strategies to new customers, with the goal of maximizing the net profit. We identify several issues in profit mining and propose solutions. We evaluate the effectiveness of this approach using data sets of a wide range of characteristics.",
author = "Ke Wang and Senqiang Zhou and Jiawei Han",
year = "2002",
doi = "10.1007/3-540-45876-x_7",
language = "English (US)",
isbn = "3540433244",
series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",
publisher = "Springer",
pages = "70--87",
editor = "Jensen, {Christian S.} and Simonas Saltenis and Jeffery, {Keith G.} and Jaroslav Pokorny and Elisa Bertino and Klemens Bohm and Matthias Jarke",
booktitle = "Advances in Database Technology, EDBT 2002 - 8th International Conference on Extending Database Technology, Proceedings",
address = "Germany",
note = "8th International Conference on Extending Database Technology, EDBT 2002 ; Conference date: 25-03-2002 Through 27-03-2002",
}