Inventory Classification Using Multi-Level Association Rule Mining

Popular data mining methods support knowledge discovery from patterns that hold in relations. For many applications, it is difficult to find strong associations among data items at low or primitive levels of abstraction. Mining association rules at multiple levels may lead to more informative and refined knowledge from data. Multi-level association rule mining is a variation of association rule mining for finding relationships between items at each level by applying different thresholds at different levels. In this study, an inventory classification policy is provided. At each level, the loss profit of frequent items is determined. The obtained loss profit is used to rank frequent items at each level with respect to their category, content and brand. This helps inventory manager to determine the most profitable item with respect to their category, content and brand. An example is illustrated to validate the results. Further, to comprehend the impact of above approach in the real scenario, experiments are conducted on the exiting dataset.