The relationship between technological substitution and product classification | |
| Author | Liat, Lean Cheng |
| Call Number | AIT Thesis no. 1380 |
| Subject(s) | Technological innovations Substitution (Economics) |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Science of the Asian Institute of Technology, Bangkok, Thailand |
| Publisher | Asian Institute of Technology |
| Abstract | This study focuses on the relationship between the process of substitution and product classification. Products are classified according to human need, industry grouping, and market structure. Human need is categorized into basic need, social need, and self-actualization need. Industry is subdivided into primary industry, secondary industry, and tertiary industry. Market is broken down into consumer market, intermediate market and investment market. From this study, it is observed that: (i) Any product satisfying a particular human need has an effective life-span for technological substitution depending upon the level of the need. Products which are used for the satisfaction of basic need take a longer time to be substituted compared to those satisfying social need and self-actualization need. (ii) The product life-span due to technological substitution depends on the various industry groupings to which the product belongs. The duration of substitution is the longest for products in the primary industry, and those of the secondary industry is the shortest. (iii) Any product subject to technological substitution has a takeover time that depends on the types of market in which the product is transacted. The takeover time for products in the investment market is the shortest of the three types of market and the takeover time for products in the consumer market is the longest. |
| Year | 1978 |
| Type | Thesis |
| School | Student Research Before 1979 |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Thesis (Year <=1979) |
| Chairperson(s) | Sharif, M. N. |
| Examination Committee(s) | Pakorn Adulbhan ;Techapun Raengkhurn |
| Scholarship Donor(s) | Government of Japan |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 1978 |