journal article·2021-03-03Open access

Finding Effective Item Assignment Plans with Weighted Item Associations Using A Hybrid Genetic Algorithm

Minho Ryu, Kwang-Il Ahn, Kichun Lee

Applied Sciences· Volume 11· Issue 5

Abstract

By identifying useful relationships between massive datasets, association rule mining can provide new insights to decision-makers. Item assignment models based on association between items are used to place items in a retail or e-commerce environment to increase sales. However, existing models fail to combine these associations with item-specific information, such as profit and purchasing frequency. To find effective assignments with item-specific information, we propose a new hybrid genetic algorithm that incorporates a robust tabu search with a novel rectangular partially matched crossover, focusing on rectangular layouts. Interestingly, we show that our item assignment model is equivalent to popular quadratic assignment NP-hard problems. We show the effectiveness of the proposed algorithm, using benchmark instances from QAPLIB and synthetic databases that represent real-life retail situations, and compare our algorithm with other existing algorithms. We also show that the proposed crossover operator outperforms a few existing ones in both fitness values and search times. The experimental results show that not only does the proposed item assignment model generates a more profitable assignment plan than the other tested models based on association alone but it also obtains better solutions than the other tested algorithms.
Source: crossref · Quality: baseline

Research context

OpenAlex topics: Consumer Retail Behavior Studies · Consumer Market Behavior and Pricing · Data Mining Algorithms and Applications

SciVX discovery tags are terminology-based. OpenAlex topics are source-provided classifications.

Affiliations

Vision AI Labs, SK Telecom, Seoul 04539, Korea

Department of Interdisciplinary, Industrial Studies, Hanyang University, Seoul 04763, Korea

Department of Industrial Engineering, College of Engineering, Hanyang University, Seoul 04763, Korea

Funding

Ministry of SMEs and Startups

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