Mathematical Programming Models for the Determination of Attribute Weights
- 1 April 1974
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 20 (8) , 1217-1229
- https://doi.org/10.1287/mnsc.20.8.1217
Abstract
Several versions of a mathematical programming model which determines attribute weights for each consumer are empirically eavluated using data on dry cereals and automobiles. The model is found to be a good predictor of consumer preferences, particularly for dry cereals. Managerial implications for product repositioning, new product design, and market segmentation are discussed in the paper.Keywords
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