Abstracts of Annual Conference of Japan Society for Management Information
Annual Conference of Japan Society for Management Information 2005 Autumn
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An agent based model of new product penetration in consumer goods market
*Naoki SHIBA, Hideaki Kitanaka
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Pages 34

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Abstract
In the marketing literatures there are several theories for describingthe behavior of consumers in their decision. Assael distinguishedfour types of consumers' buying behavior based on the degree of buyerinvolvement and the degree of differences among brands.In this paper, we try to build a modelfor analyzing product penetration based on the consumers' buyingbehavior in low buyer involvement situation. Especially, we willfocus on word-of-mouth (WOM) effect in penetration process of newproduct.In low buyerinvolvement situation, the rules of consumer agents can be describedas a rather simple one. Even though each consumer's rule is simple,the market as a whole can be complex because there is an interactionbetween consumers.
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© 2005 by Japan Society for Management Information
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