Abstract
Conjoint analysis is marketers’ favorite methodology for finding out how buyers make tradeoffs among competing products and suppliers. Conjoint analysts develop and present descriptions of alternative products or services that are prepared from fractional factorial, experimental designs. They use various models to infer buyers’ partworths for attribute levels, and enter the partworths into buyer choice simulators to predict how buyers will choose among products and services. Easy-to-use software has been important for applying these models. Thousands of applications of conjoint analysis have been carried out over the past three decades.
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Adapted from Interfaces, 31 (3), Part 2 of 2, May/June 2001, S56–S73.
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Green, P.E., Krieger, A.M., Wind, Y. (2004). Thirty Years of Conjoint Analysis: Reflections and Prospects. In: Wind, Y., Green, P.E. (eds) Marketing Research and Modeling: Progress and Prospects. International Series in Quantitative Marketing, vol 14. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-28692-1_6
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