Tag: algorithms

Every business experiences failures in business processes from time to time. Finding and eliminating the causes takes not only time but also money. It is crucial to perform real-time monitoring of the changes in the process and ensure its stability. Shewhart control charts can solve this task, reducing costs significantly.

Splitting of categorical and transactional data arrays into groups with similar attributes is the most important task of data mining. In most cases, traditional clustering algorithms are not effective when processing large databases. This article describes a scalable heuristic algorithm — CLOPE, which delivers high quality and high performance clus...

The combined use of ABC and XYZ analysis will help you to better navigate the product range, optimize logistics and warehouse stocks, segment customers and partners, and properly set up interactions.