TechProject is a project mainly written in ..., it's free.
ssion Statement
To create a budgetary tool/instrument that charts financial savings against a bundle of good and services established by the user.
Core Principles
Business Drivers
On the consumer side the model is driven by the following benefits:
On the vendor side the model is driven by the following benefits:
Consumer Values
Consumers are motivated by a variety of stimuli:
Vendor Values
Vendors are motivated by the following stimuli:
Data Model
Consumer Values - CV Convenience (c) Health (h) Saving (m) Efficiency (e) Brand Symbology (s)
Consumer Drivers - CD Price (p) Quality (q) Brand Loyalty (l) Brand Reputation (r)
Consumer Value Index
Consumer Values Rank Index CV 1 1 20.00 CV 2 2 15.00 CV 3 3 10.00 CV 4 4 5.00
Consumer Driver Index
Consumer Drivers Rank Index CD 1 1 1.00 CD 2 2 0.75 CD 3 3 0.50 CD 4 4 0.25
Background
Circulars are a staple of many households as consumers continue to find ways to balance the budget. Whether resulting from a need to eliminate the deficit created by limited source of income or the need to create more savings for future use, the interest in and use of circulars are pervasive, especially in the following industries:
Budget Allocation Model
DI – Disposable Income Itm – A tangible item desired Rnk – Hierarchical ranking for the tangible item
Budget Allocation = DI >= Σ( (Itm1 Cost )+(Itm2 Cost ) + (Itm3* Cost ) ….)
What factor most influences your purchases? Current Need. As defined by a requirement Current Want. As defined by a desire (nice to have) Convenience. As defined by availability Valuation. Based on perceived worth (good value for the money) Undefined. Just felt like it
How would define the product? Staple Once in a life-time Good Brand Good substitute Special Treat / Once in awhile Nice to have