A Clustering-based Method for Business Hall Efficiency Analysis

Abstract

Excessive or insufficient business hall resources may result in unreasonable resource allocation, adversely affecting the value of an entity business hall. Therefore, proper characteristic parameters are the key factors for analyzing the business hall, which strongly affect the final analysis results. In this study, a characteristic analysis method for the economic operation of a business hall is developed and the feature engineering is established. Because of its simplicity and versatility, the k -means algorithm has been widely used since it was first proposed around 50 years ago. However, the classical k -means algorithm has poor stability and accuracy. In particular, it is difficult to achieve a suitable balance between of the centroid initialization and the clustering number k . We propose a new initialization (LSH- k -means) algorithm for k -means clustering. This algorithms is mainly based on locality-sensitive hashing (LSH) as an index for computing the initial cluster centroids, and it reduces the range of the clustering number. Furthermore, an empirical study is conducted. According to the load intensity and time change of the business hall, an index system reflecting the optimization analysis of the business hall is established, and the LSH- k -means algorithm is used to analyze the economic operation of the business hall. The results of the empirical study show that the LSH- k -means that the clustering method outperforms the direct prediction method, provides expected analysis results as well as decision optimization recommendations for the business hall, and serves as a basis for the optimal layout of the business hall.