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burnap-alex2018-2019 BBA Marketing Seminar

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DateTimeRoomSpeakerAffiliationSynopsisPaper

 

9:00AM to 10:30AM4151 Grainger HallOmid RafieianUniversity of WashingtonSee synopsis
  1. Optimizing User Engagement through Adaptive Ad Sequencing
  2. Revenue-Optimal Dynamic Auctions for Adaptive Ad Sequencing

 

9:00AM to 10:30AM 4151 Grainger Hall Tesary Lin University of Chicago See synopsis

 

 9:00AM to 10:30AM4151 Grainger Hall Matt McGranaghan Cornell UniversitySee Synopsis
  1. Watching People Watch TV

  

9:00AM to 10:30AM 4151 Grainger Hall Cheng HeGeorgia Institute of TechnologySee Synopsis
  1. The End of the Express Road for Hybrid Vehicles: Can Governments' Green Product Incentives Backfire?

  

9:00AM to 10:30AM 4151 Grainger Hall Alex BurnapMIT Sloan School of ManagementPending See SynopsisPending 

  

9:00AM to10:30AM 4151 Grainger Hall Tommaso Bondi Stern School of Business Pending Pending 

Omid Rafieian, Doctoral Student, University of Washington

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Alex Burnap, Doctoral Student, MIT Sloan School of Management

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Design and Evolution or Product Aesthetics: A Human-Machine Hybrid Approach 

Synopsis

Aesthetics are critically important to market acceptance in many product categories. In the automotive industry in particular, an improved aesthetic design can boost sales by 30% or more. Firms invest heavily in designing and testing new product aesthetics. A single automotive "theme clinic" costs between $100,000 and $1,000,000, and hundreds are conducted annually. We use machine learning to augment human judgment when designing and testing new product aesthetics. The model combines a probabilistic variational autoencoder (VAE) and adversarial components from generative adversarial networks (GAN), along with modeling assumptions that address managerial requirements for firm adoption. We train our model with data from an automotive partner — 7,000 images evaluated by targeted consumers and 180,000 high-quality unrated images. Our model predicts well the appeal of new aesthetic designs — 38% improvement relative to a baseline and substantial improvement over both conventional machine learning models and pretrained deep learning models. New automotive designs are generated in a controllable manner for the design team to consider, which we also empirically verify are appealing to consumers. These results, combining human and machine inputs for practical managerial usage, suggest that machine learning offers significant opportunity to augment aesthetic design.

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