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http://dx.doi.org/10.12812/ksms.2016.18.1.203

A Study on deciding optimal price of Bioinformatics services  

Choi, Won-Hoon (Div. of Global Business Service, IBM Korea)
Kang, Kyung-Sik (Department of Industrial Management Engineering, MYONGJI University)
Publication Information
Journal of the Korea Safety Management & Science / v.18, no.1, 2016 , pp. 203-208 More about this Journal
Abstract
Bioinformatics service is very new and emerging in market that provides information such as whether or not occurrence of a particular disease through the base of DNA(Deoxyribonucleic Acid) & RNA(Ribo Nucleic Acid) sequence analysis. Recently, interest growing rapidly in utilization of the industrial purpose, but provision of commercialization like pricing and service packaging is not enough to go to market. For go-to-market, firstly refine the services and perform cost calculation of services in cost-plus method then estimate consumer utility by conducting conjoint analysis. Collectively, with cost and consumer utility result, optimal service price can be calculated.
Keywords
Bioinformatics; Service pricing; Choice Based Conjoint;
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