• Title/Summary/Keyword: Replacement purchase

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Types of Home Meal Replacement and Determinants of Consumption in South Korea

  • Ahn, Kyeong Ah;Choe, Young Chan;Cho, Hye Bin
    • Agribusiness and Information Management
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    • v.6 no.2
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    • pp.1-12
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    • 2014
  • HMR is a home-style food product designed for convenience and cooked outside the home leaving out cumbersome cooking process and consumed at home. The present paper aims to find out factors that influence the consumption of HMR by analyzing data on food consumption during the 3 years between December 2010 and November 2013. Following the classification of Costa et al. (2001), this study categorized HMR products as 3 types as follows: C1 (ready to eat), C2 (ready to heat) and C3 (ready to cook), and examined factors affecting purchase rate and per capita purchase price for each type of HMR product. The results of our analysis show that only the purchase rate of C3 products was influenced by whether the purchaser was housewife with job or not. For those who do not live together with parents, per capita purchase price for HMR was high; and the more they ate out, the higher the purchase rate of HMR was.

A Note on Periodic Replacement with Minimal Repair at Failure

  • Park, Young Taek
    • Journal of Korean Society for Quality Management
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    • v.12 no.2
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    • pp.2-5
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    • 1984
  • Periodic replacement model with minimal repair at failure is extended to the case where quantity purchases are possible. A recursive relationship among replacement intervals is obtained, which shows that replacement intervals are an increasing sequence due to the inventory carrying cost. Using the relationship, a procedure is given for determining how many units to purchase on each order and when to replace each unit after it has begun operating so as to minimize the total cost per unit time over an infinite time span. The problem can be simplified if equal replacement intervals are assumed, and the solution is very close to the solution of the unconstrained problem.

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Condition based age replacement policy of used item

  • Lim, J.H.;Lipi, T.F.;Zuo, M.J.
    • International Journal of Reliability and Applications
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    • v.12 no.2
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    • pp.131-143
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    • 2011
  • In most of literatures of age replacement policy, the authors consider the case that a new item starts operating at time zero and is to be replaced by new one at time T. It is, however, often to purchase used items because of the limited budget. In this paper, we consider age replacement policy of a used item whose age is $t_0$. The mathematical formulas of the expected cost rate per unit time are derived for both infinite-horizon case and finite-horizon case. For each case, we show that the optimal replacement age exists and is finite and investigate the effect of the age of the used item.

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A Note on Age Replacement Policy of Used Item at Age $t_0$

  • Lim, J.H.
    • International Journal of Reliability and Applications
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    • v.10 no.1
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    • pp.33-42
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    • 2009
  • In most of literatures of age replacement policy, the authors consider the case that a new item starts operating at time zero and is to be replaced by new one at time T. It is, however, often to purchase used items because of the limited budget. In this paper, we consider age replacement policy of a used item whose age is $t_0$. The mathematical formulas of the expected cost rate per unit time are derived for both infinite-horizon case and finite-horizon case. For each case, we show that the optimal replacement age exists and is finite and investigate the effect of the age of the used item.

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Effects of Brand Image on Purchase Intention and Brand Loyalty: Focused on Mediating Role of the Brand Trust (HMR 브랜드 이미지가 구매의도 및 브랜드 충성도에 미치는 영향: 브랜드 신뢰의 매개역할을 중심으로)

  • Han, Ji-Soo
    • Culinary science and hospitality research
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    • v.23 no.2
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    • pp.135-145
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    • 2017
  • The purposes of this study were to verify the effects of HMR (Home Meal Replacement) brand image on purchase intention and brand loyalty. In addition, the mediating role of brand trust was also examined between purchase intention and brand loyalty. This survey was conducted with those who have bought HMR in Seoul and Kyonggi area, Korea, using a convenience sampling method. After a total of 300 responses were collected, 275 were used for the analyses. Both standard and hierarchical multiple regression analyses were conducted to test the hypotheses. The results are as follows. First, it was found that emotional image had an effect on purchase of HMR but that social image did not have an effect on purchase of HMR. Second, purchase intention of HMR significantly impacted brand loyalty. Third, brand trust of HMR was found to mediate the relationship between purchase intention and brand loyalty of HMR. These findings provide practical implication for researchers and marketer regarding relationship marketing strategy in the HMR context.

Optimal Stocking for Age-replaced Non-repairable Items (수리 불가능한 품목의 수명교환을 위한 최적 재고정책)

  • Park, Young-Taek;Park, Kyung-Soo
    • Journal of the Korean Operations Research and Management Science Society
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    • v.14 no.2
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    • pp.75-86
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    • 1989
  • Joint stocking and preventive age replacement policy is considered for non-repairable items assuming instantaneous replenishment. A recursive relationship among the optimal preventive replacement ages is obtained, which shows that the preventive replacement ages in a replenishment cycle form an increasing sequence due to the inventory carrying cost. Using this relationship, a procedure is given for determining how many units to purchase on each order and when to replace each unit after it has begun operating so as to minimize the total cost per unit time over an infinite time span. The problem can be simplified if equal preventive replacement ages are assumed, and the solution is very close to that of the original unconstrained problem.

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A Study on Evaluation of Optimal Replacement Period by Reliability Prediction for the Door Control Relay of EMU (전동차 출입문제어 계전기의 신뢰도예측을 통한 적정 교체주기 연구)

  • Han, Jaehyun;Kim, JongWoon;Koo, JeongSeo
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.28 no.7
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    • pp.34-40
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    • 2014
  • In this paper, we want to know the optimal replacement cycle(time) for this study was performed. The optimal preventive replacement age can be fond by finding the value of time that minimizes the cost function(model of Barlow and Jardine). In addition, The reliability of the relay according to the service environment were studied. The use of the exchange relay period is longer, and maintenance cost rate(per hour) may increase, and also the reliability may cause a decline. In addition, considering the preventive maintenance and purchase order, a representative relay(RAX-L440-A type) life was calculated.

The Effect of Consumer Motivations on Purchase Intention of Online Fashion - Sharing Platform

  • WON, Jessica;KIM, Bo-Young
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.197-207
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    • 2020
  • This study aims to examine the influence of attitudes on customers' intention to participate in online fashion sharing. A framework was proposed to investigate the relationships between consumer motivation, consumer attitude, and purchase intention in the manner of adopting a fashion-sharing platform. Consumer motivations are divided into three categories: utilitarian, hedonic, and ecological. The moderating effects of product replacement cycle (PRC) on consumer attitude and purchase intention are also investigated. Data collection was developed using a web-based survey where 180 consumer respondents from South Korea participated. The results of our analysis indicate that consumers' hedonic and ecological motivations are positively related to favorable consumer attitudes, even when consumers' utilitarian motivation is denied. Consumer attitude is also positively related to purchase intention in the fashion-sharing platform. A moderating effect of PRC is recorded between consumer attitude and purchase intention based on high and low PRC, as well as the effect of ecological motivation and consumer attitude on high PRC. This study enhances knowledge of consumer motivational factors in a fashion-sharing platform and provides insights for service providers to help them improve their target marketing.

A Study on the Attitude, Perception, and Preference of Jjigae HMR (Home Meal Replacement) for Americans in L.A. Area (찌개 HMR (Home Meal Replacement)에 대한 L.A. 지역 미국 소비자들의 태도, 인식 조사 및 기호도 조사)

  • Kim, Mi-Young;Lee, Bo-Ra;Lee, Young-Seung;Lee, Young-Hun
    • Korean journal of food and cookery science
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    • v.30 no.6
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    • pp.704-715
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    • 2014
  • This study was performed to examine attitude, perception, and sensory evaluation of Jjigae HMR (Home Meal Replacement) for Americans in the L.A. area. Attitude and perception of Jjigae were conducted by 128 consumers. The questions were as follows: 1) frequencies and attitude toward soup and stew, 2) experience and frequency of Korean food intake, 3) awareness of Korean Jjigae. A total of 69.5% of American had previous experience with Korean foods. However, the frequencies of Korean food intake were once every few months (27.4%) or once a year (18.9%). The 20.2% of consumers selected Kimchi-jjigae as the best-known Korean Jjigae, and 17.1% of consumers had previous experience with Kimchi-jjigae. However, the 23.7% of consumers did not have experienced with Jjigae. Sensory evaluation was conducted using Sundubu-jjigae and Kimchi jjigae. Overall liking and flavor liking were conducted by Americans using a nine-point scale (1: Dislike extremely - 9: Like extremely). The degree of intensity for sensory attribute was also rated using a nine-point Just-About-Right(JAR) scale (1: not nearly spicy/sour enough, 5: Just-About-Right, 9: too spicy/sour). Purchasing intention was rated using a five-point scale (1: Definitely would not purchase, 5: Definitely would purchase). Overall liking and flavor liking of two jjigae (Sundubu-jjigae & Kimchi-jjigae) had a value higher than five on the nine-point scale. The level of spiciness of Sundubu-jjigae was suitable for consumers whereas spiciness of Kimchi-jjigae was significantly different from the JAR value of five points on the nine-point JAR scale, showing that Kimchi-jjigae was significantly spicier than JAR point. Purchasing intention had a value higher than three on the five-point scale.

Gap: A Study on the Influence of New Measurement Method on Consumers' Decision Making

  • Yang, Hoe-Chang;Cho, Hee-Young;Kim, Young-Ei
    • Journal of Distribution Science
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    • v.15 no.1
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    • pp.51-56
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    • 2017
  • Purpose - The study verified the effects of consumers' knowledge perception upon word-of-mouth intention and purchase intention of consumers who were exposed to a lot of information, and examined consumer's behavior from multi-dimensional points of view. Research design, data, and methodology - The study conducted the test of difference between consumer's cognition on importance and satisfaction of HMR product by gap of HMR (Home Meal Replacement) product for IPA analysis. The consumer's reliability and words-of-mouth were measured by the questionnaire method with 4 questions according to Likert 7-point scale. Conversion into z-score removed the difference of variables. Results - The causal relation model for importance, satisfaction and gap, not relying upon multi-dimensional scaling and others, could construct causal relation model to give implications. Difference (d) of the products could lessen consumer's reliability to increase consumer's knowledge perception, word-of-mouth intention, knowledge perception, and purchase intention. Therefore, enterprises should make an effort to lessen consumers' complaint for the products and to elevate consumers' reliability. Enterprises also try to give consumers exact information and to promote purchase intention. Conclusions - Difference (d) of consumers' complaint and/or disappointment decreased consumers' reliability to increase knowledge perception. Enterprises should supply consumers with products according to their requirements to minimize the gap and to give them proper information.