• Title/Summary/Keyword: Bundle Product

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Discount Presentation Framing & Bundle Evaluation: The Effects of Consumption Benefit and Perceived Uncertainty of Quality (묶음제품 가격 할인 제시 프레이밍 효과: 지각된 소비 혜택과 품질 불확실성의 영향을 중심으로)

  • Im, Meeja
    • Asia Marketing Journal
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    • v.14 no.1
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    • pp.53-81
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    • 2012
  • Constructing attractive bundle offers depends on more than an understanding of the distribution of consumer preferences. Consumers are also sensitive to the framing of price information in a bundle offer. In classical economic theory, consumers' utility should not change as long as the total price paid stays same. However, even when total prices are identical, consumers' preferences toward a bundle product could be different depending on the format of price presentation and the locus of price discount. A weighted additive model predicts that the impact of a price discount on the overall evaluation of the bundle will be greater when the discount is assigned to the more important product in the bundle(Yadav 1995). Meanwhile, a reference dependent model asserts that it is better to assign a price discount to a tie-in component that has a negative valuation at its current offer price than to a focal product that has a positive valuation at its current offer price(Janiszewski and Cunha 2004). This paper has expanded previous research regarding price discount presentation format, investigating the reasons for mixed results of prior research and presenting new mechanisms for price discount framing effect. Prior research has hypothesized that bundling is used to sell a tie-in component with an offer price above the consumer's reference price plus a focal product of the same offer price with reference price(e.g., Janiszewski and Cunha 2004). However, this study suggests that bundling strategy can be used for increasing product's attractiveness through the synergy between components even when offer prices of bundle components are the same with reference prices. In this context, this study employed various realistic bundle sets with same price between offer price and reference price in the experiment. Hamilton and Srivastava(2008) demonstrated that when evaluating different partitions of the same total price, consumers prefer partitions in which the price of the high-benefit component is higher. This study determined that their mechanism can be applied to price discount presentation formats. This study hypothesized that price discount framing effect depends not on the negative perception of tie-in component with offer price above reference price but rather on the consumers' perceived consumption benefit in bundle product. This research also hypothesized that preference for low-benefit discount mechanism is that perceived consumption benefit reduces price sensitivity. Furthermore, this study investigated how consumers' concern for quality in a price discount--a factor not considered in previous research--influences price discount framing. Yadav(1995)'s experiment used only one magazine bundle of relatively low quality uncertainty and could not show the influence of perceived uncertainty of quality. This study assumed that as perceived uncertainty of quality increases, the price sensitivity mechanism for assigning the discount to low-benefit will increase. Further, this research investigated the moderating effect of uncertainty of quality in price discount framing. The results of the experiment showed that when evaluating different partitions of the same total price and the same amount of discounts, the partition that discounts in the price of low benefit component is preferred to the partition that decreases the price of high benefit component. This implies that price discount framing effect depends on the perceived consumption benefit. The results also demonstrated that consumers are more price sensitive to low benefit component and less price sensitive to high benefit component. Furthermore, the results showed that the influence of price discount presentation format on the evaluation of bundle product varies with the perceived uncertainty of quality in high consumption benefit. As perceived uncertainty of quality gradually increases, the preference for discounts in the price of low consumption benefit decreases. Besides, the results demonstrate that as perceived uncertainty of quality gradually increases, the effect of price sensitivity in consumption benefit also increases. This paper integrated prior research by using a new mechanism of perceived consumption benefit and moderating effect of perceived quality uncertainty, thus providing a clearer explanation for price discount framing effect.

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A NEW CLASS OF RIEMANNIAN METRICS ON TANGENT BUNDLE OF A RIEMANNIAN MANIFOLD

  • Baghban, Amir;Sababe, Saeed Hashemi
    • Communications of the Korean Mathematical Society
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    • v.35 no.4
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    • pp.1255-1267
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    • 2020
  • The class of isotropic almost complex structures, J𝛿,𝜎, define a class of Riemannian metrics, g𝛿,𝜎, on the tangent bundle of a Riemannian manifold which are a generalization of the Sasaki metric. This paper characterizes the metrics g𝛿,0 using the geometry of tangent bundle. As a by-product, some integrability results will be reported for J𝛿,𝜎.

Influence of the Quality, Satisfaction and Brand Loyalty to Core Product on Purchasing Intention and Expected-Discounting Rates for Bundle Products; Focused on Telecommunications-Broadcasting Bundle (핵심상품의 품질, 만족, 브랜드충성도가 결합상품 구매의도와 기대할인률에 미치는 영향 ; 통신·방송 결합상품을 중심으로)

  • Sim, Jin-Bo
    • The Journal of the Korea Contents Association
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    • v.10 no.12
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    • pp.243-253
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    • 2010
  • The competition for telecommunication-broadcasting bundle is under full steam. Even large mobile OS companies like Apple and Google are showing signs of moving into the telecom and broadcasting industry, and it is expected that competition for bundle will become even fiercer. In the light of this situation, this study will show which factors can heighten purchasing intention for bundle and lower expected-discounting rates, seeking its answer in the quality, satisfaction, and brand loyalty to core product. The results of the study show that the brand loyalty to core product affects the customer's purchasing intention positively while lowering expected-discounting rates. This conclusion suggests the importance of a marketing strategy that heightens satisfaction of existing customers who use a single item, which is just as important as strategies to induce switching behavior of the customers of other companies through competitive pricing. Also, the results suggest that rather than appeal to loyal customers through discounts, it is more effective to offer them different benefits or value.

Steady-Flow Characteristics of Bundle Fluid in Drawing (인발 집속유체의 정상유동 특성)

  • Huh You;Kim Jong-Seong
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.30 no.7 s.250
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    • pp.612-621
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    • 2006
  • Drawing is a mechanical operation attenuating material thickness to an appropriate level for the next processing or end usage. When the input material has a form of bundle or bundles made of very thin and long shaped wires or fibers, this attenuation operation is called 'bundle drawing' or 'drafting'. Bundle drawing is being used widely in manufacturing micro sized wires or staple yarns. However, the bundle processed by this operation has more or less defects in the evenness of linear density. Such irregularities cause many problems not only for the product quality but also for the efficiency of the next successive processes. In this research a mathematical model for the dynamic behavior of the bundle fluid is to be set up on the basis of general physical laws containing physical variables, i.e. linear density and velocity as the dynamic state variables of the bundle fluid. The governing equations resulting from the modeling show that they appear in a slightly different form from what they do in a continuum fluid. Then, the governing equations system is simplified in a steady state and the bundle dynamics is simulated, showing that the shape of the velocity profiles depends on two model parameters. Experiments confirm that the model parameters are to be well adjusted to show a coincidence with the theoretical analysis. The higher the drawing ratio and drawing speed we, the more sensitive becomes the bundle flow to exogenous disturbances.

THE TENSOR PRODUCT OF AN ODD SPHERICAL NON-COMMUTATIVE TORUS WITH A CUNTZ ALGEBRA

  • Boo, Deok-Hoon;Park, Chun-Gil
    • Journal of the Chungcheong Mathematical Society
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    • v.11 no.1
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    • pp.151-161
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    • 1998
  • The odd spherical non-commutative tori $\mathbb{S}_{\omega}$ were defined in [2]. Assume that no non-trivial matrix algebra can be factored out of $\mathbb{S}_{\omega}$, and that the fibres are isomorphic to the tensor product of a completely irrational non-commutative torus with a matrix algebra $M_{km}(\mathbb{C})$. It is shown that the tensor product of $\mathbb{S}_{\omega}$ with the even Cuntz algebra $\mathcal{O}_{2d}$ has the trivial bundle structure if and, only if km and 2d - 1 are relatively prime, and that the tensor product of $\mathbb{S}_{\omega}$ with the generalized Cuntz algebra $\mathcal{O}_{\infty}$ has a non-trivial bundle structure when km > 1.

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MORITA EQUIVALENCE FOR NONCOMMUTATIVE TORI

  • Park, Chun-Gil
    • Bulletin of the Korean Mathematical Society
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    • v.37 no.2
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    • pp.249-254
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    • 2000
  • We give an easy proof of the fact that every noncommutative torus $A_{\omega}$ is stably isomorphic to the noncommutative torus $C(\widehat{S\omega}){\;}\bigotimes{\;}A_p$ which hasa trivial bundle structure. It is well known that stable isomorphism of two separable $C^{*}-algebras$ is equibalent to the existence of eqivalence bimodule between the two stably isomorphic $C^{*}-algebras{\;}A_{\omega}$ and $C(\widehat{S\omega}){\;}\bigotimes{\;}A_p$.

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THE TENSOR PRODUCTS OF SPHERICAL NON-COMMUTATIVE TORI WITH CUNTZ ALGEBRAS

  • Park, Chun-Gil;Boo, Deok-Hoon
    • Journal of the Chungcheong Mathematical Society
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    • v.10 no.1
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    • pp.127-139
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    • 1997
  • The spherical non-commutative $\mathbb{S}_{\omega}$ were defined in [2,3]. Assume that no non-trivial matrix algebra can be factored out of the $\mathbb{S}_{\omega}$, and that the fibres are isomorphic to the tensor product of a completely irrational non-commutative torus with a matrix algebra $M_k(\mathbb{C})$. It is shown that the tensor product of the spherical non-commutative torus $\mathbb{S}_{\omega}$ with the even Cuntz algebra $\mathcal{O}_{2d}$ has a trivial bundle structure if and only if k and 2d - 1 are relatively prime, and that the tensor product of the spherical non-commutative torus $S_{\omega}$ with the generalized Cuntz algebra $\mathcal{O}_{\infty}$ has a non-trivial bundle structure when k > 1.

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ON THE STRUCTURE OF NON-COMMUTATIVE TORI

  • Boo, Deok-Hoon;Park, Won-Gil
    • Journal of the Chungcheong Mathematical Society
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    • v.13 no.1
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    • pp.1-11
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    • 2000
  • The non-commutative torus $A_{\omega}=C^*(\mathbb{Z}^n,{\omega})$ may be realized as the $C^*$-algebra of sections of a locally trivial $C^*$-algebra bundle over $\widehat{S_{\omega}}$ with fibres $C^*(\mathbb{Z}^n/S_{\omega},{\omega}_1)$ for some totally skew multiplier ${\omega}_1$ on $\mathbb{Z}^n/S_{\omega}$. It is shown that $A_{\omega}{\otimes}M_l(\mathbb{C})$ has the trivial bundle structure if and only if $\mathbb{Z}^n/S_{\omega}$ is torsion-free.

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Modeling and Analysis of Dynamic Characteristic for Bundle Fluid System (집속체 유동계의 모델링과 운동 특성해석)

  • Kim, Jong-Sung;Heo, Yu;Kim, Yoon-Hyuk
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2003.06a
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    • pp.1643-1646
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    • 2003
  • Drawing is a mechanical operation that attenuates thick material to an appropriate thickness for the next processing or end usage. When the input material has the form of a bundle or bundles made of very thin and long shaped wire or fibers, this attenuation operation is called "bundle drawing" or "drafting" Drafting is being used widely in manufacturing staple yarns. which is indispensable for the textile industry. However, the bundle processed by this operation undertake more or less defects in the evenness of linear density. Such irregularities cause many problems not only for the product quality but also for the efficiency of the next successive processes. Since long there have been many researches tying to find out factors affecting the irregularity of linear desity, to obtain optimal drafting conditions, to develop efficient measuring and analysis methods of linear density of bundle, etc., but there exists yet no fundamental equation describing the dynamic behavior of the flowing bundle during processing. In this research a mathematical model for the dynamic behavior of the bundle fluid is to be set up on the basis of general physical lows representing physical variables, i.e. linear density and velocity as the dynamic state of bundle. The conservation of mass and momentum balance was applied to the fluid field of bundle. while the movement of′ individual material was taken into account. The constitutive model relating the surface force and the deformation of bundle was introduced by considering a representative prodedure that stands for the bundle movement. Then a fundamental equations system could be simplified considering a steady state of the process. On the basis of the simplified model, the simulation was performed and the results could be confirmed by the experiments under various conditions.

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Effects of Material Parameters and Process Conditions on the Roll-Drafting Dynamics

  • Huh, You;Kim, Jong-S.
    • Fibers and Polymers
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    • v.7 no.4
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    • pp.424-431
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    • 2006
  • Roll drafting, a mechanical operation attenuating fiber bundles to an appropriate thickness, is an important operation unit for manufacturing staple yams. It influences not only the linear density regularity of the slivers or staple yams that are produced, but also the quality of the textile product and the efficiency of the thereafter processes. In this research, the dynamic states of the fiber bundle in the roll drafting zone were analyzed by simulation, based on the mathematical model that describes the dynamic behavior of the flowing bundle. The state variables are the linear density and velocity of the fiber bundles and we simulated the dynamics states of the bundle flow, e.g., the profiles of the linear density and velocity in the draft zone for various values of the model parameters and boundary conditions, including the initial conditions to obtain their influence on the dynamic state. Results showed that the mean velocity profile of the fiber bundle was strongly influenced by draft ratio and process speed, while the input sliver linear density has hardly affected the process dynamics. Velocity variance of individual fibers that could be supposed to be a disturbing factor in drafting was also influenced by the process speed. But the major disturbance occurred due to the velocity slope discontinuity at the front roll, which was strongly influenced by the process speed. Thickness of input sliver didn't play any important role in the process dynamics.