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Predicting returns in men's fashion
Skövde University.
Jönköping University, School of Engineering, JTH, Department of Computing, Jönköping AI Lab (JAIL).ORCID iD: 0000-0003-0412-6199
Borås University.
2020 (English)In: Developments of Artificial Intelligence Technologies In Computation and Robotics, Singapore: World Scientific, 2020, p. 1506-1513Conference paper, Published paper (Refereed)
Abstract [en]

While consumers value a free and easy return process, the costs to e-tailers associated with returns are substantial and increasing. Consequently, merchants are now tempted to implement stricter policies, but must balance this against the risk of losing valuable customers. With this in mind, data-driven and algorithmic approaches have been introduced to predict if a certain order is likely to result in a return. In this application paper, a novel approach, combining information about the customer and the order, is suggested and evaluated on a real-world data set from a Swedish e-tailer in men's fashion. The results show that while the predictive accuracy is rather low, a system utilizing the suggested approach could still be useful. Specifically, it is reasonable to assume that an e-tailer would only act on predicted returns where the confidence is very high, e.g., the top 1-5%. For such predictions, the obtained precision is 0.918-0.969, with an acceptable detection rate.

Place, publisher, year, edition, pages
Singapore: World Scientific, 2020. p. 1506-1513
Series
World Scientific Proceedings Series on Computer Engineering and Information Science ; 12
Keywords [en]
Return prediction, Predictive modeling, Random Forests
National Category
Computer Sciences Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-54074ISI: 000656123200180ISBN: 978-981-122-333-4 (print)OAI: oai:DiVA.org:hj-54074DiVA, id: diva2:1580176
Conference
15th Symposium of Intelligent Systems and Knowledge Engineering (ISKE) held jointly with 14th International FLINS Conference (FLINS), Cologne, Germany, 18-21 August, 2020
Funder
Knowledge FoundationAvailable from: 2021-07-13 Created: 2021-07-13 Last updated: 2021-07-13Bibliographically approved

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Johansson, Ulf

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf