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speed its convergence. We incorporate several known heuristics into this framework and demonstrate through numerical …
Persistent link: https://www.econbiz.de/10009191773
Conjoint analysis is a statistical technique used to elicit partworth utilities for product attributes from consumers to aid in the evaluation of market potential for new products. The objective of the share-of-choice problem (a common approach to new product design) is to find the design that...
Persistent link: https://www.econbiz.de/10009214155
Product design is increasingly recognized as a critical activity that has a significant impact on the performance of firms. Consequently, when firms undertake a new (existing) product design (redesign) activity, it is important to employ techniques that will generate optimal solutions. As...
Persistent link: https://www.econbiz.de/10009197706
Persistent link: https://www.econbiz.de/10004009903
. For three typical formulations of this important problem, Kohli and Sukumar (Kohli, R., R. Sukumar. 1990. Heuristics for … product-line design using conjoint analysis. Management Sci. 36 1464--1478.) present state-of-the-art heuristics to find good … solutions. In this paper, we develop improved heuristics based on a beam search approach for solving these problems. In our …
Persistent link: https://www.econbiz.de/10009214788
published heuristics. We also show how the methodology can be applied, taking existing products of both the firm and the …
Persistent link: https://www.econbiz.de/10009191659
Whereas in the past ‘free’ and ‘illegal’ were nearly synonymous in the music industry, consumers nowadays face a myriad of music platforms with widely different characteristics in terms of business model (advertising supported, fee based, etc.), delivery mode (streaming, downloading,...
Persistent link: https://www.econbiz.de/10010990065
This articles reviews the purchase behaviour of consumers for plants and the attitude towards horticultural novelties. The palm, Trachycarpus wagnerianus especially, is the main focus of this study. Based on a survey of 408 customers in Bavaria during autumn 2009, the results gave an impression...
Persistent link: https://www.econbiz.de/10010909903
This paper conducts several analyses to discuss about consumers' preference of rice brands and suggest a way to reduce the number that currently stands at about 1,700 in the Korean market. With data collected from 358 survey respondents, a conjoint analysis was conducted to identify consumers'...
Persistent link: https://www.econbiz.de/10010918670
This paper aims at comparing the performance of three conjoint analyses (CA) in terms of estimated partworths, predictive power and estimated WTP: choice experiment (CE); ranking conjoint analysis (RCA) and best-worst scaling (BWS). Comparisons are made in a non-hypothetical setting. For...
Persistent link: https://www.econbiz.de/10010918760