Changes in product quality and consumer responses

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dc.contributor.author Groen, L
dc.contributor.editor Caccetta, L
dc.contributor.editor Rehbock, V
dc.date.accessioned 2009-11-09T02:48:06Z
dc.date.issued 2005-01
dc.identifier.citation Proceedings of the 18th National ASOR Conference & 11th Australian Optimisation Day, 2005, pp. 67 - 74
dc.identifier.isbn 1 7 4067 421 9
dc.identifier.other E1 en_US
dc.identifier.uri http://hdl.handle.net/10453/2284
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.
dc.publisher Western Australian Centre of Excellence in Industrial Optimisation
dc.title Changes in product quality and consumer responses
dc.type Conference Proceeding
dc.parent Proceedings of the 18th National ASOR Conference & 11th Australian Optimisation Day
dc.journal.number en_US
dc.publocation Perth, Australia en_US
dc.publocation Perth, Australia
dc.publocation Perth, Australia
dc.identifier.startpage 67 en_US
dc.identifier.endpage 74 en_US
dc.cauo.name SCI.Mathematical Sciences en_US
dc.conference Verified OK en_US
dc.conference National Conference of the Australian Society for Operations Research
dc.conference National Conference of the Australian Society for Operations Research
dc.conference.location Perth, Australia en_US
dc.for 0102 Applied Mathematics
dc.personcode 870267
dc.percentage 100 en_US
dc.classification.name Applied Mathematics en_US
dc.classification.type FOR-08 en_US
dc.custom National Conference of the Australian Society for Operations Research en_US
dc.date.activity 20050926 en_US
dc.date.activity 2005-09-26
dc.date.activity 2005-09-26
dc.location.activity Perth, Australia en_US
dc.location.activity Perth, Australia
dc.location.activity Perth, Australia
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Science
pubs.organisational-group /University of Technology Sydney/Faculty of Science/School of Mathematical Sciences


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