Application
With a great variation of products and user buying behaviors, shelf on which products are being displayed is one of the most important resources in retail environment. Retailers can not only increase their profit but, also decrease cost by proper management of shelf space allocation and products display. To solve this problem, Aloysius George, D. Binu ] have proposed an approach to mine user buying patterns using PrefixSpan algorithm and place the products on shelves based on the order of mined purchasing patterns.
Read more about this topic: Sequence Mining
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“Five oclock tea is a phrase our rude forefathers, even of the last generation, would scarcely have understood, so completely is it a thing of to-day; and yet, so rapid is the March of the Mind, it has already risen into a national institution, and rivals, in its universal application to all ranks and ages, and as a specific for all the ills that flesh is heir to, the glorious Magna Charta.”
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