Abstract
A generalized model, which has been found to be of practical value, is developed to represent the process of selling to consumers by retailers. The concepts of consumers' preferences and products' attributes and availabilities are formalized, quantified probabilistically and related to provide expressions for the time-dependent sales of all competing brands.
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†The research was carried out at the University of Lancaster.
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Emshoff, J., Mercer, A. A Marketing Model for Sales to Consumers. J Oper Res Soc 18, 257–265 (1967). https://doi.org/10.1057/jors.1967.42
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DOI: https://doi.org/10.1057/jors.1967.42