2020
DOI: 10.1007/978-981-15-7981-3_7
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Analysis Method for Customer Value of Aviation Big Data Based on LRFMC Model

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Cited by 5 publications
(2 citation statements)
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“…Therefore, a novel customer value identification model is obtained by adding the customer's accumulated flight miles M in the time period and the discount factor C corresponding to the class of travel to replace the customer's spending amount in the original model on the basis of the RFM model. Moreover, the length of membership of airline members can also influence the customer value to a certain extent, so this paper incorporates the length of customer relationship L into the model and obtains the LRFMC model [37]. In summary, this case uses the duration of membership L, consumption interval R, consumption frequency F, flight mileage M and average discount factor C as airline identification customer value indicators, and the specific meaning of each indicator is shown in Table 5 below.…”
Section: Methodsmentioning
confidence: 99%
“…Therefore, a novel customer value identification model is obtained by adding the customer's accumulated flight miles M in the time period and the discount factor C corresponding to the class of travel to replace the customer's spending amount in the original model on the basis of the RFM model. Moreover, the length of membership of airline members can also influence the customer value to a certain extent, so this paper incorporates the length of customer relationship L into the model and obtains the LRFMC model [37]. In summary, this case uses the duration of membership L, consumption interval R, consumption frequency F, flight mileage M and average discount factor C as airline identification customer value indicators, and the specific meaning of each indicator is shown in Table 5 below.…”
Section: Methodsmentioning
confidence: 99%
“…Combining the improved model with classical machine learning classification algorithms such as SVM, KNN, GBDT and NN, etc., it is widely used in passenger behavior prediction (S. Q. Pang & Liu, 2011), personalized recommendation (Tao, 2020), flight delay prediction (Jiang, Liu, Liu, & Song, 2020) and other aviation fields in business. However, experimental studies on identifying passengers' willingness to choose a seat for a fee are still limited.…”
Section: Introductionmentioning
confidence: 99%