Based on Problem-Based Learning (PBL) concept, this study creates an advertising script by conducting RFM (recency, frequency, monetary) approach from the data analysis in customer relationship management (CRM) course. In PBL process, the students themselves should use RFM method to make segment from the customer database of service industries and find out the characteristics of target segment based on the demographic variables and according to these traits to form their advertising scripts. Through finding the highest value of segment as the target customer, they should focus on the characteristic of their choice target and create an advertising script to attract this segment by their traits. These processes of steps can provide the course design of CRM or advertising project to make creation from customer targeting.
Background: The issue of material demands prediction has been researched in industrial study and materials/ manufacturing technology many years ago. The previous researches based on stochastic model to discuss the quantities prediction of material demand. Some of them focus on multi-suppliers with characteristic function. Some use the information of past ordering quantities and ordering recency time. In these previous models, there is less study to discuss the impact of cost on material demand forecasting. Thus, this paper considers the productivities concept to make cost balance when forecasting material demand. The different probability distributions are demonstrated to portray the input (material demand) and output(cost). Methods: A case study with its empirical data is released to derive the probability function of cost and estimate the parameters of the proposed model. Results: The proposed model can extend to different distributions depending on different kind of cost or different type of industries and is more widely application. Conclusion: To consider manufacture's productivity, this model can help manager to control their cost and make a balance when ordering their materials. The model development of cost release a general function which makes it possible to extend different distributions depending on different kind of cost or different type of industries.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.