Changes in product quality and consumer responses

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Show simple item record Groen, Layna en_US
dc.contributor.editor Caccetta, L; Rehbock, V. en_US 2009-11-09T02:48:06Z 2009-11-09T02:48:06Z 2005 en_US
dc.identifier 2005002977 en_US
dc.identifier.citation Groen Layna 2005, 'Changes in product quality and consumer responses', Western Australian Centre of Excellence in Industrial Optimisation, Perth, Australia, pp. 67-74. en_US
dc.identifier.issn 1 7 4067 421 9 en_US
dc.identifier.other E1 en_US
dc.description.abstract This article examines the dynamic relationship between a firm's decision to vary the quality of a product, consumer responses to this variation, and the ffect this could have on the firm's profit and value. This is achieved through the construction and anlysis of a discrete-time optimal control model which incorporates consumer response. The consumer response model is based on sampling the product's market prior to the reduction in quality. The model is then solved numerically. The optimal time to reduce quality is shown to be affected by the ratio of price and cost differentials associated with differences in quality and the shareholder's required rate of return. en_US
dc.publisher Western Australian Centre of Excellence in Industrial Optimisation en_US
dc.title Changes in product quality and consumer responses en_US
dc.parent Proceedings of the 18th National ASOR Conference & 11th Australian Optimisation Day en_US
dc.journal.volume en_US
dc.journal.number en_US
dc.publocation Perth, Australia en_US
dc.identifier.startpage 67 en_US
dc.identifier.endpage 74 en_US SCI.Mathematical Sciences en_US
dc.conference Verified OK en_US
dc.conference.location Perth, Australia en_US
dc.for 010200 en_US
dc.personcode 870267 en_US
dc.percentage 100 en_US Applied Mathematics en_US
dc.classification.type FOR-08 en_US
dc.custom National Conference of the Australian Society for Operations Research en_US 20050926 en_US
dc.location.activity Perth, Australia en_US
dc.staffid 870267 en_US

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