The Statistical Relationship between Product Life Cycle and Repeat Purchase Behavior in Convenience Stores(Financial and Consumer Markets,Econophysics-Physical Approach to Social and Economic Phenomena-)

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Author(s)

Abstract

The density function of product life cycles in convenience stores is found to follow the Weibull distribution. To clarify the parameters that determine these life cycles, we introduce the conditional market share-defined as the probability that a product is selected by customers only if it had been previously purchased-and the market share without any conditions. The product life cycle is more strongly correlated with the conditional market share of the product than with the latter type of market share.

Journal

  • Progress of theoretical physics. Supplement = Progress of theoretical physics. Supplement

    Progress of theoretical physics. Supplement = Progress of theoretical physics. Supplement 179, 71-79, 2009-05-22

    Published for the Yukawa Institute for Theoretical Physics and the Physical Society of Japan

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Codes

  • NII Article ID (NAID)
    110007225726
  • NII NACSIS-CAT ID (NCID)
    AA00791466
  • Text Lang
    ENG
  • Article Type
    Journal Article
  • ISSN
    03759687
  • NDL Article ID
    10225432
  • NDL Source Classification
    ZM35(科学技術--物理学)
  • NDL Call No.
    Z53-A468
  • Data Source
    CJP  NDL  NII-ELS  IR 
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