Multidimensional Next-Generation Time and Transition-Aware Product Recommendation System
Main Article Content
Abstract
In the dynamic landscape of e-commerce, the proliferation of products has immensely complicated the process of effective product discovery. With over 14 million items listed on platforms such as Pazarama.com, consumers often struggle to navigate through extensive catalogs to find products that genuinely meet their evolving needs. This challenge is exacerbated in categories requiring sequential consumption, such as baby products, where the progression from one product stage to another is not only inevitable but critical.
Traditional recommendation systems primarily rely on static historical data. While these systems provide baseline suggestions based on past purchases or general popularity, they often fail to capture the nuanced and immediate requirements of consumers. For instance, a parent purchasing size one diapers will soon need to transition to size two, and a static system might continue to recommend size one, ignoring the child's growth. Moreover, these systems are not equipped to handle anomalies or data inconsistencies, often stemming from privacy regulations like the General Data Protection Regulation (GDPR), which can skew the effectiveness of the recommendations provided.
This paper proposes a novel approach that integrates Recurrent Neural Networks (RNNs) and Long Short-Term Memory (LSTM) networks to develop a multidimensional, next-generation product recommendation system. This system accommodates time-sensitive needs and transitions in consumer product stages, predicting future product requirements based on evolving consumer stages while handling anomalies and data inconsistencies due to privacy concerns. Furthermore, it offers real-time updates and integrates seamlessly with social media and online platforms to enhance user engagement and satisfaction.
By employing time series analysis and advanced AI techniques, this model aims to improve the accuracy of personalized recommendations, support the introduction and marketing of new or rare products, and ultimately enhance the overall user experience on platforms like Pazarama.com. Through this approach, the paper demonstrates the potential for advanced recommendation systems to transform online retail environments by increasing sales, enhancing customer interaction, and expanding the technological repertoire of e-commerce platforms.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
References
Ansari, A., Essegaier, S., & Kohli, R. (2000). Internet recommendation systems. In: SAGE Publications Sage CA: Los Angeles, CA. DOI: https://doi.org/10.1509/jmkr.37.3.363.18779
Baker, S. (2003). New consumer marketing: Managing a living demand system. John Wiley & Sons.
Carrington, P. J., Scott, J., & Wasserman, S. (2005). Models and methods in social network analysis (Vol. 28). Cambridge university press. DOI: https://doi.org/10.1017/CBO9780511811395
Chen, T., Yin, H., Chen, H., Wang, H., Zhou, X., & Li, X. (2020). Online sales prediction via trend alignment-based multitask recurrent neural networks. Knowledge and Information Systems, 62(6), 2139-2167. DOI: https://doi.org/10.1007/s10115-019-01404-8
Chen, Y.-L., Tang, K., Shen, R.-J., & Hu, Y.-H. (2005). Market basket analysis in a multiple store environment. Decision support systems, 40(2), 339-354. DOI: https://doi.org/10.1016/j.dss.2004.04.009
Choi, K., Yoo, D., Kim, G., & Suh, Y. (2012). A hybrid online-product recommendation system: Combining implicit rating-based collaborative filtering and sequential pattern analysis. electronic commerce research and applications, 11(4), 309-317. DOI: https://doi.org/10.1016/j.elerap.2012.02.004
Das, P., & Chaudhury, S. (2007). Prediction of retail sales of footwear using feedforward and recurrent neural networks. Neural Computing and Applications, 16, 491-502. DOI: https://doi.org/10.1007/s00521-006-0077-3
Davenport, T. H., Leibold, M., & Voelpel, S. C. (2007). Strategic management in the innovation economy: Strategic approaches and tools for dynamic innovation capabilities. John Wiley & Sons.
Fischer, T., & Krauss, C. (2018). Deep learning with long short-term memory networks for financial market predictions. European journal of operational research, 270(2), 654-669. DOI: https://doi.org/10.1016/j.ejor.2017.11.054
Gupta, S., Hanssens, D., Hardie, B., Kahn, W., Kumar, V., Lin, N., Ravishanker, N., & Sriram, S. (2006). Modeling customer lifetime value. Journal of service research, 9(2), 139-155. DOI: https://doi.org/10.1177/1094670506293810
Han, E.-H., & Karypis, G. (2005). Feature-based recommendation system. Proceedings of the 14th ACM international conference on Information and knowledge management, DOI: https://doi.org/10.1145/1099554.1099683
Hoofnagle, C. J., Van Der Sloot, B., & Borgesius, F. Z. (2019). The European Union general data protection regulation: what it is and what it means. Information & Communications Technology Law, 28(1), 65-98. DOI: https://doi.org/10.1080/13600834.2019.1573501
Hwangbo, H., Kim, Y. S., & Cha, K. J. (2018). Recommendation system development for fashion retail e-commerce. electronic commerce research and applications, 28, 94-101. DOI: https://doi.org/10.1016/j.elerap.2018.01.012
Jannach, D., Zanker, M., Felfernig, A., & Friedrich, G. (2010). Recommender systems: an introduction. Cambridge University Press. DOI: https://doi.org/10.1017/CBO9780511763113
Kaunchi, P., Jadhav, T., Dandawate, Y., & Marathe, P. (2021). Future sales prediction for Indian products using convolutional neural network-long short term memory. 2021 2nd Global Conference for Advancement in Technology (GCAT), DOI: https://doi.org/10.1109/GCAT52182.2021.9587668
Kline, S., Dyer-Witheford, N., & De Peuter, G. (2003). Digital play: The interaction of technology, culture, and marketing. McGill-Queen's Press-MQUP. DOI: https://doi.org/10.1515/9780773571068
Kumar, P., & Thakur, R. S. (2018). Recommendation system techniques and related issues: a survey. International Journal of Information Technology, 10, 495-501. DOI: https://doi.org/10.1007/s41870-018-0138-8
Leibold, M., Probst, G. J., & Gibbert, M. (2007). Strategic management in the knowledge economy: new approaches and business applications. John Wiley & Sons.
Mohallick, I., De Moor, K., Özgöbek, Ö., & Gulla, J. A. (2018). Towards new privacy regulations in europe: Users’ privacy perception in recommender systems. Security, Privacy, and Anonymity in Computation, Communication, and Storage: 11th International Conference and Satellite Workshops, SpaCCS 2018, Melbourne, NSW, Australia, December 11-13, 2018, Proceedings 11, DOI: https://doi.org/10.1007/978-3-030-05345-1_27
Özpınar, A., Kazaskeroğlu, E., & Öz, Ö. (2010). Bilgiye erişim, paylaşım ve bilgi teknolojileri alanında etik olmayan davranışlar ve sebepleri. Ankara: Ağ ve Bilgi Güvenliği Sempoz-yumu, 3(6).
Pemathilake, R. G. H., Karunathilake, S. P., Shamal, J. L. A. J., & Ganegoda, G. U. (2018). Sales forecasting based on autoregressive integrated moving average and recurrent neural network hybrid model. 2018 14th International Conference on Natural Computation, Fuzzy Systems and Knowledge Discovery (ICNC-FSKD),
Prasad, B. (2007). A knowledge-based product recommendation system for e-commerce. International Journal of Intelligent Information and Database Systems, 1(1), 18-36. DOI: https://doi.org/10.1504/IJIIDS.2007.013283
Qi, Y., Li, C., Deng, H., Cai, M., Qi, Y., & Deng, Y. (2019). A deep neural framework for sales forecasting in e-commerce. Proceedings of the 28th ACM international conference on information and knowledge management, DOI: https://doi.org/10.1145/3357384.3357883
Raeder, T., & Chawla, N. V. (2011). Market basket analysis with networks. Social network analysis and mining, 1, 97-113. DOI: https://doi.org/10.1007/s13278-010-0003-7
Sartor, G., & Lagioia, F. (2020). The impact of the General Data Protection Regulation (GDPR) on artificial intelligence.
Schrock, W. A., Zhao, Y., Richards, K. A., Hughes, D. E., & Amin, M. S. (2018). On the nature of international sales and sales management research: a social network–analytic perspective. Journal of Personal Selling & Sales Management, 38(1), 56-77. DOI: https://doi.org/10.1080/08853134.2018.1428493
Sengupta, S., Basak, S., Saikia, P., Paul, S., Tsalavoutis, V., Atiah, F., Ravi, V., & Peters, A. (2020). A review of deep learning with special emphasis on architectures, applications and recent trends. Knowledge-Based Systems, 194, 105596. DOI: https://doi.org/10.1016/j.knosys.2020.105596
Sohrabi, B., & Khanlari, A. (2007). Customer lifetime value (CLV) measurement based on RFM model.
Torres, J. F., Hadjout, D., Sebaa, A., Martínez-Álvarez, F., & Troncoso, A. (2021). Deep learning for time series forecasting: a survey. Big Data, 9(1), 3-21. DOI: https://doi.org/10.1089/big.2020.0159
Ying, Y., Feinberg, F., & Wedel, M. (2006). Leveraging missing ratings to improve online recommendation systems. Journal of marketing research, 43(3), 355-365. DOI: https://doi.org/10.1509/jmkr.43.3.355
Yu, Q., Wang, K., Strandhagen, J. O., & Wang, Y. (2018). Application of long short-term memory neural network to sales forecasting in retail—a case study. Advanced Manufacturing and Automation VII 7, DOI: https://doi.org/10.1007/978-981-10-5768-7_2
Zhang, Y., Pang, L., Shi, L., & Wang, B. (2014). Large scale purchase prediction with historical user actions on B2C online retail platform. arXiv preprint arXiv:1408.6515.
Zhong, W., Jin, R., Yang, C., Yan, X., Zhang, Q., & Li, Q. (2015). Stock constrained recommendation in tmall. Proceedings of the 21th ACM SIGKDD International Conference on Knowledge Discovery and Data Mining, DOI: https://doi.org/10.1145/2783258.2788565