EXPRESS: Sales and Self: The Non-Economic Value of Selling the Fruits of One’s Labor

2021 ◽  
pp. 002224292110642
Author(s):  
Benedikt Schnurr ◽  
Christoph Fuchs ◽  
Elisa Maira ◽  
Stefano Puntoni ◽  
Martin Schreier ◽  
...  
Keyword(s):  
Information Asymmetry ◽  
Economic Value ◽  
Signal Strength ◽  
Product Choice ◽  
Market Exchange ◽  
Exchange Relationships ◽  
Market Signals ◽  
Monetary Rewards ◽  
Quality Of Products

A core assumption across many disciplines is that producers enter market exchange relationships for economic reasons. This research examines an overlooked factor, namely the socio-emotional benefits of selling the fruits of one’s labor. Specifically, the authors find that individuals selling their products interpret sales as a signal from the market, which serves as a source of self-validation, thus increasing their happiness above and beyond any monetary rewards from those sales. This effect highlights an information asymmetry that is opposite to that in traditional signaling theory. That is, the authors find that customers have information about the quality of products that they signal to the producer, validating the producer’s skill level. Further, the sales-as-signal effect is moderated by characteristics of the purchase transaction that determine the signal strength of sales: the effect is attenuated when product choice does not reflect a deliberate decision and is amplified when buyers incur higher monetary costs. In addition, sales have a stronger effect on happiness than alternative, non-monetary forms of market signals such as Likes. Finally, the sales-as-signal effect is more pronounced when individuals sell their self-made (vs. other-made) products and affects individuals’ happiness beyond the happiness gained from producing.

scholarly journals The impact of asymmetry on equilibrium of logistics systems

2019 ◽  
Vol 294 ◽  
pp. 06004
Author(s):  
Irina Savelieva ◽  
Serhij Melnikov ◽  
Alexandra Orlovska
Keyword(s):  
Information Asymmetry ◽  
Systems Design ◽  
Theory And Practice ◽  
New Approach ◽  
Asymmetry Of Information ◽  
Logistics Systems ◽  
Transport Services ◽  
Quality Of Products ◽  
The Impact

The article examines one of the actual problems of the theory and practice of the logistics systems functioning related to the asymmetry of information in the transport services market. Assessing the level of asymmetry in logistics systems is of fundamental importance to increase the competitiveness of relevant systems. New approach formulated herein estimates the logistics systems asymmetry by taking into account information asymmetry about the quality of transport products, as well as information asymmetry about the quality of products within the boundaries of the corresponding supply chain. This approach allows to take into account its potential capabilities and increase functional stability in the process of logistics systems design.

Pipeline Batch Cut Optimization by Taking Into Account the Quality of the Products at the Tanks

2008 ◽  
Author(s):  
Alexandre Figueira Tepedino ◽  
Renan Martins Baptista ◽  
Felipe Bastos Freitas Rachid ◽  
Jose´ Henrique Carneiro de Araujo
Keyword(s):  
Physical Properties ◽  
Chemical Elements ◽  
Economic Value ◽  
Cut Point ◽  
Quality Of Products

This paper presents a methodology for determining the optimal cut point in pipeline batch transfers. The methodology aims to ensure the quality of products and, when possible, to maximize the product with higher economic value. The quality of the products is specified based on their purities as well as on the trace of chemical elements in their composition. The proposed methodology requires the use of interface sensors capable to monitor physical properties which can be converted into concentration of the products in the mixture. Simulations carried out with ultra-sonic interface detectors in a diesel-gasoline batch are presented to illustrate the technique.

CONTROL IN REAL TIME THE DENSITY OF PRODUCT AT VARIOUS STAGES OF THE TECHNOLOGICAL PROCESS OF SUGAR PRODUCTION

2020 ◽  
Author(s):  
S.B. Kudryashev ◽  
◽  
N.S. Assev ◽  
R.D. Belashov ◽  
V.A. Naumenko ◽  
...  
Keyword(s):  
Real Time ◽  
Technological Process ◽  
Sugar Industry ◽  
Sugar Production ◽  
Production Processes ◽  
Quality Of Products

The article is devoted to solving one of the most important problems of the development of the sugar industry in Russia – the modernization of sugar production processes. Today, sugar production is actively being modernized, shifting most of its processes to the path of avomatization and optimization to improve the quality of products. This article describes one of the main ways to obtain information about the concentration of sucrose in syrup in the production of sugar.

Агрономическая эффективность промышленной (голландской) технологии возделывания картофеля

2018 ◽  
Author(s):  
C. Coy ◽  
A.V. Shuravilin ◽  
O.A. Zakharova
Keyword(s):  
Heavy Metals ◽  
Regression Analysis ◽  
Positive Response ◽  
Growth Yield ◽  
Correlation And Regression Analysis ◽  
Yield And Quality ◽  
Quality Of Products ◽  
High Degree ◽  
The Impact

Приведены результаты исследований по изучению влияния промышленной технологии возделывания картофеля на развитие, урожайность и качество продукции. Выявлена положительная реакция растений на подкормку K2SO4 в период посадки. Корреляционно-регрессионный анализ урожайности и качества клубней выявил высокую степень достоверности результатов опыта. Содержание нитратов и тяжелых металлов в клубнях было ниже допустимых величин.The results of studies on the impact of industrial technology of potato cultivation on growth, yield and quality of products. There was a positive response of plants to fertilizer K2SO4 in the period of planting. Correlation and regression analysis of yield and quality of tubers revealed a high degree of reliability of the results of experience. The contents of nitrates and heavy metals in tubers was below the permissible values.

PENGARUH HARGA DAN KUALITAS PRODUK TERHADAP LOYALITAS PELANGGAN ALUMUNIUM

2019 ◽  
Vol 7 (2) ◽  
Author(s):  
Widodo Widodo ◽  
Marshelly Chandra Kumala
Keyword(s):  
Data Collection ◽  
Product Quality ◽  
Customer Loyalty ◽  
Significant Influence ◽  
Secondary Data ◽  
Primary Data ◽  
Research Results ◽  
Is Research ◽  
Quality Of Products

<em>The objective of this is research was conducted to find out how the influence of the price and quality of products against customer loyalty at PT. Alakasa Extrusindo Jakarta. This research was conducted in Alakasa Extrusindo PT by doing data collection, through the primary data and secondary data.  The research results showed that the simultaneous price variables  and product quality  has a positive and significant effect against the variable customer loyalty. partially showed that price variables has a positive and significant influence towards customer loyalty. And partially showed that product quality variables  has a positive and significant influence towards customer loyalty</em>

PKM Kelompok Tani Tan Selo 1 dan Tan Selo 2 Desa Sukomaju Kecamatan Srono Kabupaten Banyuwangi Jawa Timur dalam Meningkatkan Nilai Ekonomis Pisang dan Strategi Pemasarannya

2018 ◽  
Vol 2 (2) ◽  
pp. 73
Author(s):  
Fitri Nurmasari ◽  
Raup Padillah
Keyword(s):  
Community Service ◽  
Online Shopping ◽  
Agricultural Land ◽  
Economic Value ◽  
Marketing Strategies ◽  
Service Programs ◽  
Community Service Programs ◽  
Farmer Groups ◽  
The Village

Banyuwangi Regency is one of the agricultural centers in East Java province and Indonesia. Mostly,Banyuwangi people work as farmers due to the fertil soil and wide amount of agricultural land in Banyuwangi . Thelarge number of people who work as farmers initiating the formation of farmer groups. One of the farmer groups in theSrono sub-district of Banyuwangi is the "Tan Selo 1" farmers group located in the village of Sukomaju and the "TanSelo 2" farmers group in Sukonatar village. The normal average price of one banana bunch in Banyuwangi is between50-60 thousand depending on the type and quality of bananas. Problems arise when the quantity of bananas in the marketarose, the price of 1 bunch of bananas decreases dramatically. The price of 1 bunch which is usually set at 50-60thousand drops drastically to only 20-30 thousand. This is certainly a problem for farmers in the Tan Selo group. The lackof knowledge of Tan Selo farmers about alternative variants of processed banana based products and the lack ofknowledge of the marketing strategies make it hard for the Tan Selo farmers to increase the economic value of bananaswhich have been used as an alternative income for farmers. Therefore, the solutions offered to overcome the problems offarmers include: equipping and improving farmers' knowledge about the variety of processed banana-based foods andtheir marketing strategies, conducting training to make variations on banana-based foods, conducting training oneffective marketing strategies. Overall, a series of community service programs were carried out perfectly as it expected.The percentage of participants' understanding in choosing high quality bananas is 85%, the percentage of participants’ability in processing banana-based foods is 86%, and percentage of participants who successfully sell processed foodproducts by utilizing online shopping sites is 70%

Bactericidal activity of drugs from Juglans Regia to the microflora of livestock premises in organic pig breeding

2020 ◽  
pp. 113-122
Author(s):  
Serhii Zinoviev ◽  
Andrii Kurman ◽  
Dmytro Bindiug ◽  
Pavlo Grubich ◽  
Liubov Lepeta
Keyword(s):  
Bactericidal Activity ◽  
Juglans Regia ◽  
Herbal Remedies ◽  
Potential Efficacy ◽  
Internal Structures ◽  
Bactericidal Properties ◽  
Experimental Base ◽  
Quality Of Products ◽  
Gram Positive Cocci

The introduction of the newest technologies of organic pig breeding has the basic principle of minimizing the use in pigs of chemicals, trace amounts of which in pig production adversely affect the quality of products and the health of consumers. The transition to herbal remedies, the maximum possible rejection of chemical synthesis products, is inhibited, in the main, by the relatively small spectrum of plant compounds with the investigated activity. According to the results of previous studies, six working solutions of Juglans regia L phytosupply extracts - potential phytosine disinfectants were developed: To investigate the bactericidal activity of the experimental preparations of Juglans regia, flushes were made from the internal structures and technological equipment of the housing of the pig stock of the experimental base v. Takhtaulove. Obtained samples of typical banal microflora of the pig complex were mixed to obtain a bacterial-containing suspension averaged over the concentration of microbial bodies and the spectrum of types of microflora in the microbiota. When cultured on nutrient media, with the superficial sowing of a suspension of banal microflora of a pig in the presence of a potential phytodisinfectant, processes of development of individual colonies of the microflora are observed. The amount and intensity of their development, the degree of inhibition of life, assess the level of bactericidal activity of the extracts. The highest bactericidal and fungicidal activity, and consequently, the potential efficacy as a possible disinfectant in the technology of organic pig breeding was revealed by the extracts of phytosupply Juglans regia L No. 2 (extractant - acetic acid to 5 %, nut of wax ripeness) and 4 (extractant, alcohol 20 % nutrient wax ripeness (proven after obtaining the primary extract of up to 5 % alcohol), which have bactericidal properties against gram-positive cocci and gram-negative sticks, but have a weak effect on the spore-forming bacilli. Key words: organic pig breeding, bactericidal activity, phyto-disinfectant, commonplace typical microflora of a pig complex, phyto row materials, walnut extract.

scholarly journals Assessment of quality of products from polymer materials for machine-building purposes

2020 ◽  
Vol 1614 ◽  
pp. 012044
Author(s):  
D Gramakov ◽  
A Larchenko ◽  
N Filippenko ◽  
A Livshits ◽  
D Bakanin ◽  
...  
Keyword(s):  
Machine Building ◽  
Polymer Materials ◽  
Quality Of Products

scholarly journals Quality Classification of Injection-Molded Components by Using Quality Indices, Grading, and Machine Learning

Polymers ◽  
2021 ◽  
Vol 13 (3) ◽  
pp. 353
Author(s):  
Kun-Cheng Ke ◽  
Ming-Shyan Huang
Keyword(s):  
Machine Learning ◽  
Integrated Circuit ◽  
Quality Indices ◽  
Statistical Process ◽  
Suitable Alternative ◽  
Quality Grading ◽  
Quality Of Products ◽  
The Cost ◽  
Mlp Model

Conventional methods for assessing the quality of components mass produced using injection molding are expensive and time-consuming or involve imprecise statistical process control parameters. A suitable alternative would be to employ machine learning to classify the quality of parts by using quality indices and quality grading. In this study, we used a multilayer perceptron (MLP) neural network along with a few quality indices to accurately predict the quality of “qualified” and “unqualified” geometric shapes of a finished product. These quality indices, which exhibited a strong correlation with part quality, were extracted from pressure curves and input into the MLP model for learning and prediction. By filtering outliers from the input data and converting the measured quality into quality grades used as output data, we increased the prediction accuracy of the MLP model and classified the quality of finished parts into various quality levels. The MLP model may misjudge datapoints in the “to-be-confirmed” area, which is located between the “qualified” and “unqualified” areas. We classified the “to-be-confirmed” area, and only the quality of products in this area were evaluated further, which reduced the cost of quality control considerably. An integrated circuit tray was manufactured to experimentally demonstrate the feasibility of the proposed method.

scholarly journals Buyer Inspired Meta-Heuristic Optimization Algorithm

2020 ◽  
Vol 10 (1) ◽  
pp. 194-219 ◽  
Author(s):  
Sanjoy Debnath ◽  
Wasim Arif ◽  
Srimanta Baishya
Keyword(s):  
Optimization Algorithm ◽  
Optimization Technique ◽  
Statistical Test ◽  
Heuristic Optimization ◽  
Product Choice ◽  
Exploration And Exploitation ◽  
The Social ◽  
Engineering Problems ◽  
The Mean

AbstractNature inspired swarm based meta-heuristic optimization technique is getting considerable attention and established to be very competitive with evolution based and physical based algorithms. This paper proposes a novel Buyer Inspired Meta-heuristic optimization Algorithm (BIMA) inspired form the social behaviour of human being in searching and bargaining for products. In BIMA, exploration and exploitation are achieved through shop to shop hoping and bargaining for products to be purchased based on cost, quality of the product, choice and distance to the shop. Comprehensive simulations are performed on 23 standard mathematical and CEC2017 benchmark functions and 3 engineering problems. An exhaustive comparative analysis with other algorithms is done by performing 30 independent runs and comparing the mean, standard deviation as well as by performing statistical test. The results showed significant improvement in terms of optimum value, convergence speed, and is also statistically more significant in comparison to most of the reported popular algorithms.

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