SYSTEM AND METHOD FOR SEQUENTIAL DECISION MAKING FOR CUSTOMER RELATIONSHIP MANAGEMENT
First Claim
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1. A method for sequential decision making for customer relationship management, comprising:
- providing customer data comprising stimulus-response history data for a population of customers, said stimulus response history data being derived from event data for said customers;
automatically generating actionable rules for optimizing a sequence of decisions over a period of time based on said stimulus-response history data;
estimating a value function using batch reinforcement learning with function approximation, said function approximation representing the value function as a function of state features and actions; and
transforming an output of a value function estimation into said actionable rules.
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Abstract
A system and method for sequential decision-making for customer relationship management includes providing customer data including stimulus-response history data, and automatically generating actionable rules based on the customer data. Further, automatically generating actionable rules may include estimating a value function using reinforcement learning.
41 Citations
19 Claims
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1. A method for sequential decision making for customer relationship management, comprising:
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providing customer data comprising stimulus-response history data for a population of customers, said stimulus response history data being derived from event data for said customers; automatically generating actionable rules for optimizing a sequence of decisions over a period of time based on said stimulus-response history data; estimating a value function using batch reinforcement learning with function approximation, said function approximation representing the value function as a function of state features and actions; and transforming an output of a value function estimation into said actionable rules. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A system for generating targeted marketing rules for a customer, said system comprising:
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a transforming unit for transforming customer transaction data to create derived features; a data development unit for using said derived features to develop current customer profile data and combined historical customer profile and stimulus response data; a data mining unit for performing data mining on the combined data to develop a stimulus-response model; a stimulus optimization unit for performing stimulus optimization using said combined historical customer profile and stimulus-response data and said stimulus-response model with business rules; and a rule generator for generating customer relationship management (CRM) rules by performing data mining on said combined data and said stimulus optimization.
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19. A programmable storage medium tangibly embodying a program of machine-readable instructions executable by a digital processing apparatus to perform a method for sequential decision-making method for customer relationship management, said method comprising:
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providing customer data comprising stimulus-response history data for a population of customers, said stimulus response history data being derived from event data for said customers; automatically generating actionable rules for optimizing a sequence of decisions over a period of time based on said stimulus-response history data; estimating a value function using batch reinforcement learning with function approximation, said function approximation representing the value function as a function of state features and actions; and transforming an output of a value function estimation into said actionable rules.
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Specification