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Optimization of the number of customers who make purchases: A probabilistic approach.

Miltiadis Chalikias, Panagiota Lalou

Abstract



The issue of minimizing the number of customers who do not make purchases and the problem of purchases dispersion across a large customer base is something that concern businesses. Examined the case in which potential customers visit a row of stores. With the usage of Lagrange equations for a fixed number of purchases the distribution of purchases in any store was found in order to minimize the number of people who do not make any purchases.

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