2004
DOI: 10.1115/1.1897408
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Enhancing Discrete Choice Demand Modeling for Decision-Based Design

Abstract: Our research is motivated by the need for developing an approach to demand modeling that is critical for assessing the profit a product can bring under the decision-based design framework. Even though demand modeling techniques exist in market research, little work exists on demand modeling that addresses the specific needs of engineering design, in particular, that facilitates engineering decision making. In this work, we enhance the use of discrete choice analysis to demand modeling in the context of decisio… Show more

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Cited by 130 publications
(81 citation statements)
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“…This seems more generally true for demand modelling approaches. Wassenaar et al (2005), for example, write about their demand modelling approach that it ''aggregates the customer choices (not preferences) by summing the choice probabilities across individual decision makers (customers), thus avoiding the paradox associated with aggregating the utility or preference of a group of customers'' (Wassenaar et al 2005, p. 522).…”
Section: Demand Modellingmentioning
confidence: 99%
“…This seems more generally true for demand modelling approaches. Wassenaar et al (2005), for example, write about their demand modelling approach that it ''aggregates the customer choices (not preferences) by summing the choice probabilities across individual decision makers (customers), thus avoiding the paradox associated with aggregating the utility or preference of a group of customers'' (Wassenaar et al 2005, p. 522).…”
Section: Demand Modellingmentioning
confidence: 99%
“…Although demand modeling models are available in market research, little work is devoted on demand modeling, which addresses the specific requirements of engineering design, particularly the ones, which facilitate engineering decision-making. Wassenaar et al (2005) enhanced the use of discrete choice analysis (DCA) to demand modeling by considering a hierarchy of product attributes to map customer desires to engineering design attributes associated with engineering analyses. To improve the predictive capability of demand models, the Kano method was employed to provide the econometric justification when the shape of the customer utility function is selected.…”
Section: Introductionmentioning
confidence: 99%
“…They evaluated the proposed methodology by applying to the real VOC in a life insurance company. Wassenaar et al (2005) developed an approach to demand modeling, which is critical for evaluating the profit a product can bring under the Decision-Based Design framework. Although demand modeling models are available in market research, little work is devoted on demand modeling, which addresses the specific requirements of engineering design, particularly the ones, which facilitate engineering decision-making.…”
Section: Introductionmentioning
confidence: 99%
“…5,7,10,11 This approach identifies the key customer attributes, i.e., product attributes that are of interest to customers. In Wassenaar's approach 12,13 an optimal set of attribute targets is obtained at the enterprise level to maximize the net revenue of a firm. Considering engineering needs the socioeconomic and demographic background of customers, and time.…”
Section: Introductionmentioning
confidence: 99%