TY - BOOK AU - Haider,Syed Waqar AU - Sharif,M.N. AU - Pakorn Adulbhan AU - Techapun Raengkhum, ED - Government of Netherlands, TI - Impact of a prospective innovation on the technological substitution process T2 - Thesis PY - 1976/// CY - Bangkok PB - Asian Institute of Technology KW - Technological innovations KW - Substitute products KW - Marketing research N1 - A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering of the Asian Institute of Technology, Bangkok, Thailand; Thesis (M.Eng.) - Asian Institute of Technology, 1976 N2 - This study deal s with evaluating the impact of a prospective innovation on the technological substitution process between two products already in the market. Primarily , this research takes into account the technology-based consumer goods which are of durable nature. Seven factors of consumer behaviour are considered and a System Dynamics model constructed on the basis of the cause- effect relationships . These factors are: Price, Physical Appearance/Packaging/Display, Emotional, Technological, Economic motives of the buyers, Promotion and the Brand Loyalty towards the new product. Sensitivity analysis is also carried out to identify those factors which have a major impact upon the substitution rate . On the bas is of this study, it is found that the price of the new product and the brand loyal ty towards t he prospective innovation cause a retardation in the substitution process while the other five factors have little impact. The results obtained from this dynamic modeling were compared with the historical data and a close agreement was observed UR - http://203.159.5.9/ait-thesis/detail.php?q=B23925 ER -