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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.

Keywords


Optimization, Lagrange Equations, Bomb Fragmentation, Operations Research.

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