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A Study on Application of Conjoint Analysis to Evaluation of the Consumer Preferences for Urban Entertainment Center

  • Korea Real Estate Review
  • 2013, 23(2), pp.187-208
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Joo Hyun Cho 1 양은경 1 Sang-Su Keum 2

1건국대학교
2세명대학교

Accredited

ABSTRACT

Conjoint analysis is widely used in the field of marketing as a way to understand and incorporate the structure of consumer preferences into the new product design process. Conjoint analysis attempts to determine the relative importance consumers attach to salient attributes of new product and the utilities they attach to the levels attributes. The utilities derived from conjoint analysis can be used as input into a choice simulation to determine the share of choices, and hence the market share of different combining the separate amounts of utility provided by each attribute. This study suggests developers can use conjoint analysis in evaluating their development alternatives to increase consumers’ acceptability of their Urban Entertainment Center and possibility of successful development. With empirical research, this study shows developer can understand the relative importance of attributes that consist of their development alternatives and find out an ideal retail property alternative through conjoint analysis.

Citation status

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