Profit Maximization with Sufficient Customer Satisfactions

Author:

Long Cheng1ORCID,Wong Raymond Chi-Wing2,Wei Victor Junqiu2ORCID

Affiliation:

1. Queen’s University Belfast, Northern Ireland, United Kingdom

2. The Hong Kong University of Science and Technology, Kowloon, Hong Kong

Abstract

In many commercial campaigns, we observe that there exists a tradeoff between the number of customers satisfied by the company and the profit gained. Merely satisfying as many customers as possible or maximizing the profit is not desirable. To this end, in this article, we propose a new problem called k - <underline>S</underline>atisfiability <underline>A</underline>ssignment for <underline>M</underline>aximizing the <underline>P</underline>rofit ( k -SAMP), where k is a user parameter and a non-negative integer. Given a set P of products and a set O of customers, k -SAMP is to find an assignment between P and O such that at least k customers are satisfied in the assignment and the profit incurred by this assignment is maximized. Although we find that this problem is closely related to two classic computer science problems, namely maximum weight matching and maximum matching, the techniques developed for these classic problems cannot be adapted to our k -SAMP problem. In this work, we design a novel algorithm called Adjust for the k -SAMP problem. Given an assignment A , Adjust iteratively increases the profit of A by adjusting some appropriate matches in A while keeping at least k customers satisfied in A . We prove that Adjust returns a global optimum. Extensive experiments were conducted that verified the efficiency of Adjust .

Funder

HKRGC GRF

Publisher

Association for Computing Machinery (ACM)

Subject

General Computer Science

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