Macroeconomic Implications of Virtual Shopping

Author(s):  
I. Hakan Yetkiner ◽  
Csilla Horvath

Recently, parallel to developments in the communication technology, on-line shopping has become increasingly popular for many products, like books, CDs, software and computers. Most analysts conjecture that the future will witness a wider basket of products and a higher trade volume via the Internet. This chapter investigates the economic implications of Internet shopping in a Ricardian equilibrium framework. First, it shows the necessary and sufficient condition for the shift to Internet shopping. Next, it indicates that macroeconomic variables like consumption and income rise when this shift takes place. Thus, this shows that the economic implications of Internet shopping will be higher than the current experience, and Internet shopping will become an important element of the ‘new economy’ when the bulky part of the shopping is done via the Internet.

1990 ◽  
Vol 4 (4) ◽  
pp. 447-460 ◽  
Author(s):  
Coastas Courcobetis ◽  
Richard Weber

Items of various types arrive at a bin-packing facility according to random processes and are to be combined with other readily available items of different types and packed into bins using one of a number of possible packings. One might think of a manufacturing context in which randomly arriving subassemblies are to be combined with subassemblies from an existing inventory to assemble a variety of finished products. Packing must be done on-line; that is, as each item arrives, it must be allocated to a bin whose configuration of packing is fixed. Moreover, it is required that the packing be managed in such a way that the readily available items are consumed at predescribed rates, corresponding perhaps to optimal rates for manufacturing these items. At any moment, some number of bins will be partially full. In practice, it is important that the packing be managed so that the expected number of partially full bins remains uniformly bounded in time. We present a necessary and sufficient condition for this goal to be realized and describe an algorithm to achieve it.


Author(s):  
Alexander J. Aidan

This chapter concentrates on the on-line buying behavior of gay male fashion innovators for luxury clothing. The author provides evidence that Internet shopping intent for luxury fashion items has great potential as a novel and innovative segmentation tool and that the Internet serves as an efficient platform to communicate to this target group. An empirical analysis of the data indicates that the degree of fashion innovativeness directly influences male gay's on-line buying behaviour for luxury fashion items. The chapter concludes with a number of managerial implications that luxury fashion market practitioners and researchers can adopt to develop effective on-line marketing, communication and branding strategies for gay male fashion innovators, which represent a lucrative market segment in the luxury fashion industry.


2015 ◽  
Vol 9 (1) ◽  
pp. 165
Author(s):  
Tsuyoshi Aburai ◽  
Kazuhiro Takeyasu ◽  
Chie Ishio

<p>Recently, the numbers of jewelry/accessories buying via the Internet are increasing, especially for young people. They often have difficulty deciding what kinds of jewelry/accessories, because there are many kinds of jewelry/accessories to choose from. Consulting service to support decisions is required for these matters. In this paper, a questionnaire investigation is executed for the purchasing on-line network, used for jewelry/accessory purchasing in order to get instructions for an on-line network consulting service. Nearly 500 sample data are collected. In this research, we construct the model utilizing Bayesian Network and causal relationship is sequentially chained by the characteristic of customer, the purchase budget and the accessory type. We analyzed them by sensitivity analysis and log odds ratio was also calculated. Hypothesis testing result was compared with this one. The method to utilize log odds ratio in the sensitivity analysis under the Bayesian Network proved to be sensitive and useful. This method would be applicable in many Bayesian Network analyses. These are utilized for constructing a much more effective and useful on-line network consulting service.<strong></strong></p>


Author(s):  
Nestor J. Zaluzec

The Information SuperHighway, Email, The Internet, FTP, BBS, Modems, : all buzz words which are becoming more and more routine in our daily life. Confusing terminology? Hopefully it won't be in a few minutes, all you need is to have a handle on a few basic concepts and terms and you will be on-line with the rest of the "telecommunication experts". These terms all refer to some type or aspect of tools associated with a range of computer-based communication software and hardware. They are in fact far less complex than the instruments we use on a day to day basis as microscopist's and microanalyst's. The key is for each of us to know what each is and how to make use of the wealth of information which they can make available to us for the asking. Basically all of these items relate to mechanisms and protocols by which we as scientists can easily exchange information rapidly and efficiently to colleagues in the office down the hall, or half-way around the world using computers and various communications media. The purpose of this tutorial/paper is to outline and demonstrate the basic ideas of some of the major information systems available to all of us today. For the sake of simplicity we will break this presentation down into two distinct (but as we shall see later connected) areas: telecommunications over conventional phone lines, and telecommunications by computer networks. Live tutorial/demonstrations of both procedures will be presented in the Computer Workshop/Software Exchange during the course of the meeting.


Author(s):  
Courtney Deine-Jones

As more libraries offer patron access to the Internet and other on-line services, they must consider the needs of patrons with disabilities who will be using their Internet links either from the library or from remote sites. In planning and implementing technological improvements to optimize access for all patrons, librarians and information specialists must take into account questions of both physical and intellectual access to electronic information. This paper addresses these issues from a pragmatic perspective, reviewing available options and suggesting strategies for improving access for people with various disabilities.


2003 ◽  
Vol 17 (3) ◽  
pp. 257-266 ◽  
Author(s):  
Mark H. Taylor ◽  
F. Todd DeZoort ◽  
Edward Munn ◽  
Martha Wetterhall Thomas

This paper introduces an auditor reliability framework that repositions the role of auditor independence in the accounting profession. The framework is motivated in part by widespread confusion about independence and the auditing profession's continuing problems with managing independence and inspiring public confidence. We use philosophical, theoretical, and professional arguments to argue that the public interest will be best served by reprioritizing professional and ethical objectives to establish reliability in fact and appearance as the cornerstone of the profession, rather than relationship-based independence in fact and appearance. This revised framework requires three foundation elements to control subjectivity in auditors' judgments and decisions: independence, integrity, and expertise. Each element is a necessary but not sufficient condition for maximizing objectivity. Objectivity, in turn, is a necessary and sufficient condition for achieving and maintaining reliability in fact and appearance.


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