Finding competitive price
Peng Yu, Raymond Chi-Wing Wong · 2013
Dominance analysis is important in many multi-criteria decision making applications. Most previous works assume that the price of a service is given and study how to select "best" services according to multiple given attributes including attribute Price. In this paper, we propose an interesting data mining problem, finding competitive price, which has not been studied before. Given a set of existing services, for a new service, we want to find a price of the new service such that the new service is not worse than any existing services. The price found refers to a competitive price. We propose a spatial approach which makes use of some spatial properties and thus runs efficiently. Finally, we conducted experiments to show the efficiency of our proposed method.