2021
DOI: 10.1140/epjds/s13688-021-00297-4
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Extracting complements and substitutes from sales data: a network perspective

Abstract: The complementarity and substitutability between products are essential concepts in retail and marketing. Qualitatively, two products are said to be substitutable if a customer can replace one product by the other, while they are complementary if they tend to be bought together. In this article, we take a network perspective to help automatically identify complements and substitutes from sales transaction data. Starting from a bipartite product-purchase network representation, with both transaction nodes and p… Show more

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Cited by 10 publications
(9 citation statements)
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References 47 publications
(59 reference statements)
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“…[1]. For example, retailers determine which product to offer in each category [2]. Brick-andmortar retailers seek to identify the best way to arrange the product layout in aisles and stocking shelves [3], and e-tailers also strive to recommend a list of products or promote more attractive product bundles for consumers [4].…”
Section: Introductionmentioning
confidence: 99%
“…[1]. For example, retailers determine which product to offer in each category [2]. Brick-andmortar retailers seek to identify the best way to arrange the product layout in aisles and stocking shelves [3], and e-tailers also strive to recommend a list of products or promote more attractive product bundles for consumers [4].…”
Section: Introductionmentioning
confidence: 99%
“…This observation is important as many phenomena across different application domains, from cooperation, business interactions and division of labor 17 , 20 24 , to the quality of romantic relationships 25 , consumer choices 26 and at least some types of protein–protein binding 18 , may indeed be better explained by the principle of complementarity than similarity. For instance, two types of wine may be often bought together with the same kinds of bread and cheese, but rarely both of them will occur in the same transaction.…”
Section: Introductionmentioning
confidence: 99%
“…Chen et al (2020) follow the previous two approaches and use the complementarity and exchangeability measures based on a low-dimensional space of products. Tian et al (2021) study product relationships in a bipartite product-purchase network and define the substitutability and complementarity measures as cosine similarity.…”
Section: Introductionmentioning
confidence: 99%