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Demand sensing in e-business
Authors:K Ravikumar  Atul Saroop  H K Narahari  Pankaj Dayama
Affiliation:(1) General Motors India Science Laboratory, International Technology Park, 560 066 Bangalore, India
Abstract:In this paper, we identify various models from the optimization and econometrics literature that can potentially help sense customer demand in the e-business era. While modelling reality is a difficult task, many of these models come close to modelling the customer's decision-making process. We provide a brief overview of these techniques, interspersing the discussion occasionally with a tutorial introduction of the underlying concepts.
Keywords:Demand sensing  discrete choice models  reinforcement learning  latent demand modelling  econometrics  fuzzy sets
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