Question

In: Operations Management

Burnside Marketing Research conducted a study for Barker Foods on several formulations for a new dry...

Burnside Marketing Research conducted a study for Barker Foods on several formulations for a new dry cereal. Three attributes were found to be most influential in determining which cereal had the best taste: ratio of wheat to corn in the cereal flake, type of sweetener (sugar, honey, or artificial), and the presence or absence of flavor bits. Seven children participated in taste tests and provided the following part-worths for the attributes (see section 13.4 ):

Wheat/Corn Sweetener Flavor Bits
Child Low High Sugar Honey Artificial Present Absent
1 15 35 30 40 25 15 9
2 30 20 40 35 35 8 11
3 40 25 20 40 10 7 14
4 35 30 25 20 30 15 18
5 25 40 40 20 35 18 14
6 20 25 20 35 30 16 9
7 30 15 40 25 40 20 11
(a) Suppose the overall utility (sum of part-worths) of the current favorite cereal is 75 for each child. What product design will maximize the number of children in the sample who prefer the new dry cereal. Note that a child will prefer the new dry cereal only if its overall utility is at least 1 part-worth larger then the utility of their current preferred cereal.
Product Design:
Wheat/Corn - Select One Answer -Low or High ?
Sweetener - Select One Answer -Sugar or Honey or Artificial ?
Flavor Bits - Select One Answer -Present or Absent ?

Share of Choice: (Answer) ??
(b) Assume that the overall utility of the current favorite cereal for children 1 to 4 is 70, and the overall utility of the current favorite cereal for children 5 to 7 is 80. What product design will maximize the share of choice for the seven children in the sample?
Product Design:
Wheat/Corn - Select One Answer -Low or High ?
Sweetener - Select One Answer -Sugar or Honey or Artificial ?
Flavor Bits - Select One Answer -Present or Absent ?

Share of Choice: (Answer) ??

Solutions

Expert Solution

Given Table:

Wheat/Corn Sweetener Flavor Bits
Child Low High Sugar Honey Artificial Present Absent
1 15 35 30 40 25 15 9
2 30 20 40 35 35 8 11
3 40 25 20 40 10 7 14
4 35 30 25 20 30 15 18
5 25 40 40 20 35 18 14
6 20 25 20 35 30 9 16
7 30 15 25 40 40 20 11

For Part B it is High wheat/corn ratio.

keosha answered 8 months ago
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