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Adaptive CBC : Are the Benefits Justifying its Additional Efforts Compared to CBC?

DOI zum Zitieren der Version auf EPub Bayreuth: https://doi.org/10.15495/EPub_UBT_00005116
URN to cite this document: urn:nbn:de:bvb:703-epub-5116-2

Title data

Brand, Benedikt M. ; Baier, Daniel:
Adaptive CBC : Are the Benefits Justifying its Additional Efforts Compared to CBC?
In: Archives of Data Science, Series A. Vol. 6 (22 September 2020) Issue 1 .
ISSN 2363-9881
DOI der Verlagsversion: https://doi.org/10.5445/KSP/1000098011/06

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Abstract

Currently, there is a big discussion ongoing among both practitioners and scientists whether the benefits of the Adaptive Choice-Based Conjoint (ACBC) analysis in comparison to (standard) Choice-Based Conjoint (CBC) analysis are justifying the additional costs and efforts of ACBC. To answer this question, recent studies in literature are reviewed and a conducted ACBC (n=205) about e-commerce in an international context is analyzed with regards to several aspects, e.g. excluded attribute levels and stimuli used for the Choice Tasks section. The results indicate that CBC is generally able to provide the main information about the most preferred attribute levels with less effort compared to ACBC. However, ACBC is very suitable for more complex products or services and for gaining deeper insights, such as information about the second-best options or completely unacceptable features. Furthermore, CBC requires a bigger sample size and is often less precise. Still, the related context will remain the main factor for or against the usage of one or the other method.

Further data

Item Type: Article in a journal
Keywords: conjoint analysis; adaptive choice-based conjoint; choice-based conjoint; trade-off aspects; consideration set; decision heuristics
DDC Subjects: 300 Social sciences > 330 Economics
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XIV - Marketing and Innovation > Chair Business Administration XIV - Marketing and Innovation - Univ.-Prof. Dr. Daniel Baier
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XIV - Marketing and Innovation
Language: English
Originates at UBT: Yes
URN: urn:nbn:de:bvb:703-epub-5116-2
Date Deposited: 25 Sep 2020 11:24
Last Modified: 25 Sep 2020 11:24
URI: https://epub.uni-bayreuth.de/id/eprint/5116

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