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1 – 10 of over 51000
Article
Publication date: 2 January 2024

Yijie Cao and Jun Wang

The purpose of this study is to test the impact of time and price sensitivity on consumer satisfaction and purchase intention on online-to-offline (O2O) takeout platforms and…

Abstract

Purpose

The purpose of this study is to test the impact of time and price sensitivity on consumer satisfaction and purchase intention on online-to-offline (O2O) takeout platforms and explore the moderating effect of purchase preference on time sensitivity and satisfaction, as well as price sensitivity and satisfaction, in order to guide market pricing.

Design/methodology/approach

A structural equation model (SEM) of customer purchase intention was constructed, and the relationships between the variables (time sensitivity, price sensitivity, satisfaction and purchase intention) were examined. The completed questionnaires of 349 respondents were collected from the Questionnaire Star platform in China. The research model and hypotheses were then tested. Analytic hierarchy procedure was used to determine the moderating effect of purchase preference. Finally, the study proposes a pricing strategy for customer-active selective services.

Findings

Satisfaction positively influences purchase intention, and price sensitivity significantly increases satisfaction and further increases purchase intention; however, time sensitivity negatively affects satisfaction. Specifically, purchase preference has strongly moderated the relationship between time, price sensitivity and satisfaction. In addition, the findings show that when purchase preference is high, the effect of price sensitivity on satisfaction is stronger, suggesting the importance of purchase preference in strengthening purchase intentions. The research work recommends a pricing strategy involving value-added pricing primarily for time-sensitive customers, which can help build a high-end brand image and reduce price competition. Reduced pricing is mainly for price-sensitive customers, which is conducive to stimulating consumption within a specific time. This pricing strategy is important for adjusting market sensitivity and flexibility.

Originality/value

This research provides new ideas for related disciplines and guidance for the differentiated pricing and promotion of takeout platforms, as well as a theoretical basis for the diversified development of takeout platforms, improvement of personalized service quality and enhancement of customer stickiness. This study fills gaps in the existing literature on the moderating effect of purchase preference on time sensitivity and satisfaction and price sensitivity and satisfaction.

Details

British Food Journal, vol. 126 no. 4
Type: Research Article
ISSN: 0007-070X

Keywords

Article
Publication date: 1 June 2003

B.J. Henz, K.K. Tamma, R. Kanapady, N.D. Ngo and P.W. Chung

The resin transfer molding process for composites manufacturing consists of either of two considerations, namely, the fluid flow analysis through a porous fiber preform where the…

1003

Abstract

The resin transfer molding process for composites manufacturing consists of either of two considerations, namely, the fluid flow analysis through a porous fiber preform where the location of the flow front is of fundamental importance, and the combined flow/heat transfer/cure analysis. In this paper, the continuous sensitivity formulations are developed for the process modeling of composites manufactured by RTM to predict, analyze, and optimize the manufacturing process. Attention is focused here on developments for isothermal flow simulations, and various illustrative examples are presented for sensitivity analysis of practical applications which help serve as a design tool in the process modeling stages.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 13 no. 4
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 4 June 2019

Marco Erling

This paper aims to analyze the sensitivity of different external factors to the returns of the precious metals of gold, silver, platinum and palladium. The goal is to find…

Abstract

Purpose

This paper aims to analyze the sensitivity of different external factors to the returns of the precious metals of gold, silver, platinum and palladium. The goal is to find similarities and differences between the dependencies of every factor to each metal in a time-varying framework.

Design/methodology/approach

A brief co-integration test for the precious metals is conducted followed by a Kalman smoother approach to study the different sensitivities to the price changes of precious metals. A dynamic time warping (DTW) approach finally compares sensitivities for pairs of precious metals to a specific factor.

Findings

Results point to strong time-dependencies of the sensitivities, such as a declining relationship of gold to equity volatility. Consistent strong relationships are rare and can be identified for the consumer price index and the dollar. the DTW approach finds higher similarities between platinum and palladium compared to other pairs.

Practical implications

The similarities and differences of the precious metals can be used by investors and risk managers in portfolio construction processes and risk analyses.

Originality/value

The focus of the research is put on a broader context of precious metals with different external factors instead of focusing on a single factor, enabling a comparison of differences and similarities of the sensitivities. The analysis via a Kalman Rauch–Tung–Striebel smoother together with a DTW approach has not been conducted before in this way and is able to characterize the dependencies by a single number.

Details

Studies in Economics and Finance, vol. 36 no. 1
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 21 August 2023

Jingyi Shi and Yanting Huang

As an important form of the e-commerce industry, online group buying is under the spotlight from with two sides: cheaper price but longer waiting time. The purpose of this paper…

Abstract

Purpose

As an important form of the e-commerce industry, online group buying is under the spotlight from with two sides: cheaper price but longer waiting time. The purpose of this paper is to adequately investigate the interaction between saving and waiting time of group buying comprehensively.

Design/methodology/approach

To fill the research gap, the authors elaborate a dual-channel supply chain (SC) with regular retail (individual buying) and group-buying channel, and formulate the demand based on the consumer utility with the positive effect of saving money and the negative effect of wasting time.

Findings

The authors find that power structure only changes the optimal prices, instead of the waiting time. The selling price mainly influences consumer demands, instead of the price discount of group buying. The SC profits are only positive to the channel preference, and it is the decisive parameter of consumers' choice. The price sensitivity lays a more remarkable impact on the SC compared to the time sensitivity. Above all, the price is the main factor of group buying, instead of time.

Originality/value

These results underscore the improvement for the dual-channel SC of group buying, providing managerial insights for the group-buying industry.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 1 December 2004

A. Gac, J.K. Atkinson, Z. Zhang, C.J. Sexton, S.M. Lewis, C.P. Please and Russell Sion

This paper describes a study into the development of an optimum fabrication process for the batch production of thick film titanium oxide‐PVC pH electrodes. Multi‐factorial…

Abstract

This paper describes a study into the development of an optimum fabrication process for the batch production of thick film titanium oxide‐PVC pH electrodes. Multi‐factorial experimental plans are used to explore the effect of fabrication parameters on the average sensitivity of sensors and their batch variability. Analysis of the results indicates that a number of the factors have a small effect on the sensitivity. Factors of particular importance are identified and TiO2 in a PVC binder is examined in detail. The optimal values for these fabrication values are identified and examined. Mechanisms for the experimentally observed sub‐Nernstian responses and immersion‐time variations in sensor behaviour are discussed.

Details

Microelectronics International, vol. 21 no. 3
Type: Research Article
ISSN: 1356-5362

Keywords

Article
Publication date: 18 December 2020

Mongi Arfaoui and Aymen Ben Rejeb

This paper aims to investigate the behavior of volatility of Islamic equity indices toward fundamental risk factors. It focuses on the degree and structure of sensitivity to…

Abstract

Purpose

This paper aims to investigate the behavior of volatility of Islamic equity indices toward fundamental risk factors. It focuses on the degree and structure of sensitivity to commodity price changes, global risk perception and term premium and whether crises and fragility periods have shaped the degree and structure of this sensitivity.

Design/methodology/approach

Quantile regression incorporating structural changes and GARCH-class model are used to establish how sensitivities are varying across volatility distribution depending on global events. The data are daily series of return indices, over the period spanning from January 1, 2001 until January 22, 2018.

Findings

The results show significant sensitivity to fundamental factors. The sensitivity is identified for different regional indices and intensified across quantiles. Speculation has shaped the structure of sensitivity at normal time, but correction holds at time of crisis. The results reveal that even if they share common features, commodities cannot be considered as homogeneous asset class. Indeed, the exact relationship cannot be observed at normal time in presence of speculation and information delay. However, at time of financial fragility and periods of crisis, the sensitivity is assigned with the plausible sign.

Practical implications

The obtained results present several policy implications as well for academics, portfolio managers and policy-makers. It opens new research paths for academic research, it helps in investment decisions, provides lessons for portfolio diversification, both for price discovery and hedging. The results serve as well to implement effective macroeconomic stabilization policies and even fiscal policies to counteract any inflationary impact of fundamental price changes on investors and Islamic banks.

Originality/value

This paper contributes to empirical literature by dealing with the sensitivity of Islamic equity indices to commodity prices and term premium along with the effect of investor sentiment. It pays attention to the financial stability of Islamic stock markets by investigating the sensitivity at normal time, during fragility periods and periods of crisis. It considers the financialization process of commodity markets and includes the term premium to control for rational expectations on term structure of interest rates and the VIX (Volatility index) as global risk perception to control for safety and risk aversion.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 14 no. 3
Type: Research Article
ISSN: 1753-8394

Keywords

Article
Publication date: 17 August 2015

Andrea Schertler and Saskia Stoerch

The purpose of this paper is to investigate whether factor sensitivities of margins of bank-issued warrants depend on issuers’ credit risk during the period of economic turmoil…

Abstract

Purpose

The purpose of this paper is to investigate whether factor sensitivities of margins of bank-issued warrants depend on issuers’ credit risk during the period of economic turmoil between January 2008 and June 2010.

Design/methodology/approach

Therefore, first, Fama–MacBeth estimations were applied and it was demonstrate that the sensitivities of margins in terms of time to maturity and moneyness vary substantially over time; the average outcomes are similar to the results of classical pooled estimations.

Findings

Then, time-series tests were used and it was found that the steepness of the issuers’ credit default swap (CDS) spread curves correlates negatively with the time-to-maturity sensitivities as well as with the explanatory power of Fama–MacBeth estimations.

Research limitations/implications

These findings indicate that the life-cycle hypothesis is weakened when the issuers’ CDS spread curves become steeper.

Originality/value

Thus, this study offers a new approach to gain insights into the role of issuers’ credit risk on price setting behavior.

Details

The Journal of Risk Finance, vol. 16 no. 4
Type: Research Article
ISSN: 1526-5943

Keywords

Article
Publication date: 1 July 2006

Konstanty M. Gawrylczyk and Mateusz Kugler

This paper aims to present effective methods for computing electromagnetic field sensitivity in the time domain versus conductivity perturbations in finite elements.

Abstract

Purpose

This paper aims to present effective methods for computing electromagnetic field sensitivity in the time domain versus conductivity perturbations in finite elements.

Design/methodology/approach

Two‐dimensional cases in linear, isotropic media are considered and two effective methods for sensitivity analysis of a magnetic vector potential in the time domain are described.

Findings

The paper finds that the convergence of numerical identification algorithm depends on exact measurement of magnetic flux density. For identification of real cracks the application of data filtering and TSVD regularization of Gauss‐Newton algorithm is necessary.

Practical implications

The resultant gradient information may be used for solving inverse problems such as the identification of material conductivity distributions.

Originality/value

The algorithms described are based on known methods from established circuit theory – incremental circuit and adjoint circuit, these have been expanded to apply in electromagnetic field theory.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering, vol. 25 no. 3
Type: Research Article
ISSN: 0332-1649

Keywords

Article
Publication date: 1 March 1993

Smyly Bannerman

Discusses the methods of sensitivity analysis in use generally andby the property appraisal profession. Proposes a simplified structuredand systematic technique of selecting…

2148

Abstract

Discusses the methods of sensitivity analysis in use generally and by the property appraisal profession. Proposes a simplified structured and systematic technique of selecting critical or sensitive factors for sensitivity analysis in property development and investment appraisal. Concludes that sensitivity analysis has become an integral part of property appraisal.

Details

Journal of Property Valuation and Investment, vol. 11 no. 3
Type: Research Article
ISSN: 0960-2712

Keywords

Article
Publication date: 28 May 2024

Ashok Singh Bhandari, Akshay Kumar and Mangey Ram

In this research work, the general form of reliability measures, which include availability, mean time to failure (MTTF), and sensitivity analysis, are investigated with their…

Abstract

Purpose

In this research work, the general form of reliability measures, which include availability, mean time to failure (MTTF), and sensitivity analysis, are investigated with their graphical representation, which would help designers and engineers improve the reliability of the system. Along with reliability assessment, a mathematical model is developed and solved to achieve the minimum cost of the system as well as maximum reliability.

Design/methodology/approach

In the proposed work, a general model of a solar seed sowing machine is considered for reliability evaluation using the Markov model process. The proposed system is a series-parallel arrangement of components where three components, namely the solar panel, batteries and direct current (DC) motor, are connected in series while all the operators are connected in parallel. The implemented Markov model approach assesses several parameters of reliability, which opens the scope for improvement in reliability and other measures like mean time to failure (MTTF) and sensitivity of the proposed system. So that the machine can deliver the desired output on the field. Also, the particle swarm optimization (PSO) algorithm is applied to optimize the cost of the system with the desired level of reliability.

Findings

Implementation of PSO provides the optimal cost for the proposed system with a predetermined level of reliability, which shows the relationship between reliability and cost of the system. Also, the Markov process approach provides the availability function, reliability function, reliability at different time values, MTTF and sensitivity of the proposed system.

Originality/value

This work evaluates the crucial characteristics of reliability for the proposed solar seed sowing machine using the Markov model which is a stochastic model. The assessment of reliability measures such as MTTF, availability and sensitivity plays a vital role in measuring and improving the performance of the machine in the actual environment. Examining the data obtained in this research is of great importance for the manufactures and system designers. Also, the powerful optimization technique PSO is implemented to solve a non-linear mixed-integer programming problem that provides the optimal cost for the system with desired reliability.

Details

International Journal of Quality & Reliability Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0265-671X

Keywords

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