Dynamic customer targeting is a common task for marketers actively managing customer relationships. Such efforts can be guided by insight into the return on investment from marketing interventions, which can be derived as the increase in the present value of a customer's expected future...

Customer retention and customer churn are key metrics of interest to marketers, but little attention has been placed on linking the different reasons for which customers churn to their value to a contractual service provider. In this article, we put forth a hierarchical competing risk model to...

Latent attrition models serve as the foundation for customer base analyses in transactional settings. Despite their intuitive appeal, limited research has been conducted to generalize these “buy till you die” models to multivariate contexts to examine the nature of attrition when a firm...

Customer base analysis is a key element in customer valuation and can provide guidance for decisions such as resource allocation. Yet, extant models often focus on a single activity, such as purchases from a retailer or donations to a non-profit organization. These models do not consider other...

Multi-service providers, such as telecommunication and financial service companies, can benefit from understanding how customers’ service portfolios evolve over the course of their relationships. This can provide guidance for managerial issues such as customer valuation and predicting...

The ability of managers to utilize sales-history data to form accurate inferences about the long-term value of customers is examined. Although in recent years considerable advances have been made in the development of formal models that allow such assessments to be, statistically, in most...

Generative AI models have put image generation in the hands of the masses. While some contend this as a boon for creativity, others have argued about the legality of using such tools for commercial purposes. Such models rely on large training datasets that consist of images scraped from the...