• Abbreviated Title: J. Advanced Management Sci.
  • Editor-in-Chief: Prof. Rajive Mohan Pant
  • Associate Executive Editor: Ms. Alice Loh
  • E-ISSN: 2810-9740  
  • DOI: 10.18178/joams
  • Abstracting/Indexing: CNKI, Google Scholar, Crossref
  • Article Processing Charge (APC): 400 USD
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Prof. Rajive Mohan Pant

North Eastern Regional Institute of Science & Technology, India
I am very excited to serve as the first Editor-in-Chief of the Journal of Advanced Management Science (JOAMS) and hope that the publication can enrich the readers’ experience.. ...  [Read More]

JOAMS 2021 Vol.9(1): 1-4
doi: 10.18178/joams.9.1.1-4

Analysis of the Customer Value and Loyalty on Business

Zihang Weng
Pennsylvania State University, State College, 16801, USA

Abstract—This paper focuses on the existing constraints in the operation of an e-commerce company, Yaheetech, under the global outbreak of Covid-19. The unprecedented increase in profits brings the company a large population of customers and the company has no experience in analyzing customer value and royalty. The company is eager to develop its new customers into future assets and afraid of losing its customer by the time Covid-19 is well handled. With the stated goal of the company, this paper aims at analyzing customer value and royalty by using the Recency-Frequency-Monetary (RFM) model. The data used in this paper is from the order records of the independent websites consists of 9875 items. Through the process of cleaning data, calculating the value of variables and construct the rating system, the model can segment the large population of customers into 8 distinct characteristic clusters which allow the company to apply specific strategies for different customers. 

Index Terms—customer value, customer royalty, RFM model, customer segmentation, clustering, business analysis

Cite: Zihang Weng, "Analysis of the Customer Value and Loyalty on Business," Journal of Advanced Management Science, Vol. 9, No. 1, pp. 1-4, March 2021. doi: 10.18178/joams.9.1.1-4

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