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An integrated model for extending brand based on fuzzy ARAS and ANP methods

    Mahmoud Zamani Affiliation
    ; Arefeh Rabbani Affiliation
    ; Abdolreza Yazdani-Chamzini Affiliation
    ; Zenonas Turskis Affiliation

Abstract

Brand extension is one of the most popular strategies in marketing. This is due to the fact that consumers usually take into account the brand first because it indirectly reflects the design, quality, and functions. According to the significant role of brand in creating benefit and diminishing risk for a new product, this study intended to develop a novel model for selecting the most appropriate strategy in brand extension. However, there are a number of criteria influencing the possible strategies, and they often are interdependent. Therefore, a multi-criteria decision making model based on Analytic Network Process and Additive Ratio Assessment methods has been developed to systematically clarify the interdependent relationships among the evaluation criteria of brand extension and then, scientifically evaluate the feasible strategies and rank the priorities of brand extension strategies. The results of the proposed model show that “Production cost” is the most important factor, followed by “Quality of parent brand” and “Perceived risk” while “Ice cream” is the highest satisfaction of brand extension.

Keyword : brand extension, MCDM, ARAS, ANP, fuzzy, model

How to Cite
Zamani, M., Rabbani, A., Yazdani-Chamzini, A., & Turskis, Z. (2014). An integrated model for extending brand based on fuzzy ARAS and ANP methods. Journal of Business Economics and Management, 15(3), 403-423. https://doi.org/10.3846/16111699.2014.923929
Published in Issue
Jul 8, 2014
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Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.