A fuzzy set preference model for consumer choice

A fuzzy set preference model for consumer choice

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Article ID: iaor19951707
Country: Netherlands
Volume: 68
Issue: 3
Start Page Number: 253
End Page Number: 266
Publication Date: Dec 1994
Journal: Fuzzy Sets and Systems
Authors: ,
Keywords: fuzzy sets
Abstract:

A fuzzy set model for predicting consumer choice is developed by combining the vector conjoint model with fuzzy measurement in a new model that requires only ordinal data. Fuzzy set measurement of consumer preferences is examined by testing alternative set representations and an interactive set definition method. A comparison test of predictive validity using identical data from 139 subjects showed large improvements in rank order prediction validity compared to a non-fuzzy approach. Prediction improvements of 83% are attributable to the use of fuzzy set definitions for subject ratings, with the first two of six ordered rankings predicted on average.

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