{"id":32030,"date":"2024-09-07T00:53:18","date_gmt":"2024-09-07T00:53:18","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/data-mining-goals-analytical-types-as-well-as-writing-the-constraints-and-objectives-in-terms-of-decision-variables\/"},"modified":"2024-09-07T00:53:18","modified_gmt":"2024-09-07T00:53:18","slug":"data-mining-goals-analytical-types-as-well-as-writing-the-constraints-and-objectives-in-terms-of-decision-variables","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/data-mining-goals-analytical-types-as-well-as-writing-the-constraints-and-objectives-in-terms-of-decision-variables\/","title":{"rendered":"data mining goals analytical types as well as writing the constraints and objectives in terms of decision variables"},"content":{"rendered":"

Question 1<\/span><\/h3>\n

Four
\nbusiness case scenarios are given below. Please summarize their data mining goals <\/span><\/strong>according
\nto the background, customer needs, and business objectives. Indicate the analytical types<\/span><\/strong> that
\nshould be used for each data mining goal. <\/span><\/p>\n

Case 1<\/span><\/b><\/span><\/h4>\n

\u00b7       <\/span><\/span><\/span>Background:<\/span><\/strong> A prestigious
\nuniversity aims to improve its admissions process. Their goal is to attract
\nhigh-caliber students and ensure a diverse student body.<\/span><\/span><\/p>\n

\u00b7      
\n<\/span><\/span><\/span>Customer Needs:<\/span><\/strong><\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Identify and attract high-achieving students.<\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Enhance the diversity of the student body.<\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Improve the efficiency and accuracy of the admissions process.<\/span><\/p>\n

\u00b7      
\n<\/span><\/span><\/span>Business Objectives:<\/span><\/strong><\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Increase the number of high-achieving student applications by
\n15% in the next academic year.<\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Improve the diversity of admitted students by 10%.<\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Reduce the time required to review applications by 20%.<\/span><\/p>\n

Case 2<\/span><\/b><\/span><\/h4>\n

\u00b7       <\/span><\/span><\/span>Background:<\/span><\/strong> A large casino wants
\nto attract more customers and increase the frequency of visits from existing
\ncustomers. Their goal is to boost overall revenue through targeted marketing
\nand promotions.<\/span><\/span><\/p>\n

\u00b7      
\n<\/span><\/span><\/span>Customer Needs:<\/span><\/strong><\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Attract new customers to the casino.<\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Increase the visit frequency of existing customers.<\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Enhance customer engagement and satisfaction through
\npersonalized experiences.<\/span><\/p>\n

\u00b7      
\n<\/span><\/span><\/span>Business Objectives:<\/span><\/strong><\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Increase the number of new visitors by 20% in the next six
\nmonths.<\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Boost the visit frequency of existing customers by 15%.<\/span><\/p>\n

o  
\n<\/span><\/span><\/span>Improve customer satisfaction ratings by 10%.<\/span><\/p>\n

 <\/span><\/p>\n

Question 2<\/span><\/h3>\n

Identify the problem, objective, constraints and decision
\nvariables in following case, as well as writing the constraints and objectives
\nin terms of decision variables.<\/span><\/strong><\/span><\/p>\n

A
\nlarge hotel chain aims to optimize its pricing and room allocation strategy to
\nmaximize revenue. The hotel has a limited number of rooms of various types
\n(standard, deluxe, and suite) and faces varying demand throughout the year.<\/span><\/p>\n

For
\nthe upcoming year, the availability of different room types is as follows:

\n– Number of standard rooms: 100

\n– Number of deluxe rooms: 50

\n– Number of suites: 20<\/span><\/p>\n

The
\ntotal number of available rooms is 170. The allocation for each room type must
\nnot exceed these availabilities.<\/span><\/p>\n

The
\nmanager has reviewed past data and experiences to set the price range for each
\ntype of room:

\n– Standard room: $100 – $200

\n– Deluxe room: $150 – $300

\n– Suite: $250 – $500<\/span><\/p>\n

To
\ncover operational costs, the manager requires a minimum occupancy rate of 70%.<\/span><\/p>\n

The
\nmanager now seeks to determine how to dynamically adjust room prices and
\nallocate rooms efficiently to maximize profit.<\/span><\/p>\n

I have attached and example and the problem formulation. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Question 1 Four business case scenarios are given below. Please summarize their data mining goals according to the background, customer needs, and business objectives. Indicate the analytical types that should be used for each data mining goal.  Case 1 \u00b7       Background: A prestigious university aims to improve its admissions process. Their goal is to attract high-caliber students and ensure a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[105],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/32030"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=32030"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/32030\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=32030"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=32030"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=32030"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=32030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}