• Title/Summary/Keyword: Conjoint model

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Analysis of Users' Utility on the Virtual Currency in Mobile Games: Focusing on S Mobile Game (모바일 게임 내 가상통화에 대한 이용자들의 효용 분석: S 모바일 게임을 중심으로)

  • Park, Jong-Won;Yoo, Chang-Sok;Yang, Sung-Byung
    • The Journal of Information Systems
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    • v.27 no.3
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    • pp.141-160
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    • 2018
  • Purpose The purpose of this study is to verify mobile game users' perceived utilities about real (price) and virtual (Ruby) currencies, which are the major factors of in-app purchase (IAP) widely used as a business model in a mobile game industry. Design/methodology/approach By using sales volume and sales frequency data for products sold in an 'S' mobile game from the 'D' mobile game company, we conducted a conjoint analysis according to the procedure recommended by Bicheno (2009). Findings The results of this study indicate that (1) mobile game users have greater utility for a virtual currency (Ruby) than for a real currency (price), (2) mobile game users' utility for virtual (Ruby) and real (price) currencies varies depending on sales volume and sales frequency, as well as (3) mobile markets (e.g., Google Play Store vs. Apple App Store), and (4) mobile game users have greater utility for a virtual currency (Ruby) which can be used readily than later.

Optimal Pricing Design Based on Preference Values of Purchasing Restrictions for Tour Products (여행상품 구매조건의 선호가치에 따른 최적 여행상품 가격설계 연구)

  • Hwang, Myung Sun;Kim, Su Young;Yoon, Moon Gil
    • Korean Management Science Review
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    • v.31 no.1
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    • pp.27-40
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    • 2014
  • Tour products have been recognized as a perishable asset. For tour operation companies (TOCs), improving profitability is a core decision problem for their business. Since package tour products, typical products of TOCs, are perishable after the tour was departed, TOCs have been tried to increase their sales before the departure date with various marketing strategies including price discounts. The pricing problem for perishable assets have been studied in Revenue Management for a long time. However, it is hard to find a research on pricing decisions for tour products. In this paper, we focus on a pricing problem for tour products. In particular, we will consider the pricing scheme with customer preference values on purchasing conditions. With conjoint analysis, we can use the part-worth value as a preference value for each level of purchasing conditions. To construct various discount prices, we use an enumeration method and suggest a mathematical optimization model. With experimental analysis for a sample tour package, we will show that our pricing process is very helpful for designing customer-oriented pricing decision.

Searching for Facilities and Service Programs for the Establishment of Urban Park Identification (도시공원의 정체성 확립을 위한 도입시설 연구)

  • Hong, Sung-Kwon;Lee, Min-Woo;Lee, Sang-Min;Ahn, Myung-June
    • Journal of the Korean Institute of Landscape Architecture
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    • v.35 no.5
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    • pp.29-36
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    • 2007
  • The new Urban Park Regulation encourages local governments to introduce new types of urban parte such as historic parte, cultural parks and neighborhood parte. However ambiguity among those parks in terms of main facilities and providing recreational programs makes it difficult for local governments, as well as landscape designers and planners, to adopt this new regulations. In this light, the present study aims to search for park facilities and programs defined by the new regulations, in order to satisfy users' demands for those parks with consideration to parks' unique characteristics. For these purposes, a conjoint analysis was carried out with three hundreds participants. Sampled participants include the citizens of Seoul as well as current residents of Paju. The study results indicate that participants would like to have distinctive programs and facilities at these three new types of parks. However, no considerable differences were observed among the levels of programs and facilities participants wish to have, due to unfamiliarity with, in particular, cultural and historic parks. Despite this insignificant difference among attribute levels, study results clearly suggest that residents wold like to have new types of facilities and recreational programs.

A Comparative Analysis of Travelers' Online Reviews among China, USA, and South Korea using Sentiment Analysis in the Era of the COVID-19 Pandemic (코로나19 팬데믹 상황에서 감성분석을 이용한 미국, 중국, 한국 여행자의 온라인 리뷰 비교 분석)

  • Hong, Junwoo;Hong, Taeho
    • Journal of Information Technology Services
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    • v.20 no.5
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    • pp.159-176
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    • 2021
  • In this study, we performed a comparative analysis of the sentiment value for the tourists in USA, China, and Korea on the COVID19 pandemic era to explore and find out the features of the tourists by using online reviews. We collected a total of 243,826 online hotel reviews for metropolitan city and vacation spot in the three countries to compare the features between the business and the vacation trips. We collected the online reviews into the tow groups from Jan. 1, 2019 to Nov. 31, 2019 for before COVID19 pandemic and from Apr. 1, 2020 to Deb 28, 2021 for during COVID19. Online reviews were categorized into 6 dimensions using LDA model. Sentiment analysis were presented for 6 dimensions by utilizing a lexicon base. We proposed an approach to analyzing the importance of each attribute by applying 6-dimensional sentiment values to conjoint analysis. Our empirical analysis showed that the proposed approach could explore and find out the changed features of travelers during the COVID19 pandemic.

Evaluating Proton Accelerator in Korea (양성자가속기시설의 편익분석)

  • Jeong, Kiho;Cho, Jinsam;Kim, Jeeyoung;Kim, Junyeon
    • Environmental and Resource Economics Review
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    • v.15 no.4
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    • pp.741-760
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    • 2006
  • As a part of the 21st Century Frontier Projects, Korea is building a proton linear accelerator complex. Using the discrete choice conjoint analysis method, this study evaluates the complex. Multinomial logit model is employed as an econometric model and Hicks' compensating variation is adopted as a welfare measure. The results show that an average willingness-to-pay (WTP) of a would-be user measured by the compensating variation is estimated by 1.93 million Korean won per hour for the specification of the complex being built.

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Development and Application of Technology Modular Alternatives Setting Model for Evaluating R&D Project Effectively (효율적인 R&D과제평가를 위한 기술대체모듈 설정모형의 개발 및 적용)

  • Kwon, Cheol-Shin;Kim, Ki-Chan;Ahn, Ki-Hyun
    • Journal of Korean Institute of Industrial Engineers
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    • v.36 no.1
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    • pp.22-31
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    • 2010
  • In R&D project evaluation, we consider the technical couple. And we set technology modular alternatives, after evaluating technical group based on technical couple. So we solve the problem extracted from existing research of R&D project evaluation. We use Conjoint Analysis(CA) for this research. CA is usually used for confirming customers' preference. However we use it for researchers' preference in the side of technology. This research is followed by the next 4 steps. (1) Hierarchical model of goal technology (2) Composition model of modular alternatives (3) Evaluation model of modular alternatives (4) Setting model of technology modular alternatives.

A Study on Measurement of SERVQUAL and SERVPERF Measurement - A Sightsee- ing quality of Service to the centers - (SERVQUAL 측정과 SERVPERF 측정 이론 연구 -관광 서비스 품질을 중심으로-)

  • Kim, Chul-Jung
    • The Journal of Information Technology
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    • v.9 no.3
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    • pp.33-47
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    • 2006
  • We will can do quality of measurement of service that thing is quite abstract concept. Generally, we speak Service of quality that property of a product, usability of use, social quality requirement to a quality of service by wide meaning. A purpose of this study was comparison regarding a way to measure of service quality, and in the insufficient section there was anything, and progress of model study of service left no matter how much focus to it. There is comparative study a few progress of literature of a PZB, SERVQUAL, SERVPERF, model. Desarbo, Huff, Rolandelli, & Choi, (1994: 125-131) proposed that to solve the above model contradiction point, and Presentation called a plan based on to Conjoint analysis. There is Critical point to decide on priority order of proposed model of service measurement. This study has a lot of the pieces which are short by absence of empirical study, but will make a supplementation in next term study.

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A Study on the Development of Purchasing Decision Model in Cellular Phones (휴대폰 단말기의 구매결정모형 개발에 관한 연구)

  • Lee, Sang-Seok;Cho, Jai-Rip
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2006.04a
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    • pp.100-105
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    • 2006
  • Many corporations will get much mote benefits if they investigate the model deciding to purchasing mobile phone in that cell phone of our country has about 20% of market share in the world market. Considering this situation to divide cell phone market between CDMA and GSM in world market, it is not easy to make cell phone to satisfy the suitable method which each country wants. Through this study, we anticipate that it will offer the measuring method about consumer purchasing decision of each country. The research is to study how it is Effected by any factor when comsumer selects product and make research model. Based on the research model, we is to make a question. The research Is to complete the theoretical system on the basis of records about the cell phone and to study the improvement strategic using AHP and Conjoint Analysis which analyzes the consuming trend to customer's cell phone.

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Conjoint analysis by merging attributes (속성 병합에 의한 컨조인트 분석)

  • Lim, Yong B.;Park, Gahee;Chung, Jong Hee
    • Journal of Korean Society for Quality Management
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    • v.45 no.1
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    • pp.55-64
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    • 2017
  • Purpose: A large number of attributes with mixed levels are often considered in the conjoint analysis. The respondents may have difficulty with scoring their preferences accurately because of many attribute items involved in each survey question. We research on the technique for reducing the number of attribute items. Methods: In order to reduce the number of attribute items in a survey question, we make a new attribute by merging two original attributes. A 'No question' option is also included as a new level in a merged attribute. Results: We propose BIB $6^4$ design in the case where we have four attributes with 2 levels and 3 levels, respectively and then analyze all the respondents survey data generated by the repeated simulation study in order to compare various model selection methods. Conclusion: How to reduce the number of attribute items is proposed and how to design and analyze the survey data are illustrated.

Consumers' preference about the attributes of 3rd generation device (3세대 디바이스의 속성별 소비자 선호 분석)

  • Jung, Jae-Young;Lee, Joo-Suk;Kwak, Seung-Jun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.3
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    • pp.703-710
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    • 2017
  • Third-generation (3G) devicesare next-generation devices that allow the use of intelligent services and applications through the Internet of Things (IoT). As the market forexisting smart devices like smartphones and tablet PCs enters the stage of stagnation, the world is now focusing on 3G devices, parts, and services. This study is intended to measure the user's benefits from the various attributes of 3G devices by applying an economic valuation method. For this purpose, the conjoint analysis method was applied, which is one of the representative valuation methods. To apply conjoint analysis, the following attributes of 3G devicesare considered: mode of use, power efficiency, life care, and price. By applying the mixed logit model, the marginal willingness-to-pay(WTP) for each attribute was derived. The results are statistically significant. Respondents showed a high preference or complete flexibility in the mode of use attribute. And they were also found to have WTP for improvements in the life care attribute. The implications and quantitative results of this study are expected to be useful for policies and strategies in the 3G device market.