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Modelling consumer satisfaction based on online reviews using the improved Kano model from the perspective of risk attitude and aspiration

    Meng Zhao   Affiliation
    ; Chen-xi Zhang   Affiliation
    ; Yi-qi Hu Affiliation
    ; Ze-shui Xu Affiliation
    ; Hao Liu Affiliation

Abstract

With the development of e-commerce, an increasing number of online reviews can serve as a promising data source for enterprises to improve online products. This paper proposes a method for modelling consumer satisfaction based on online reviews using the improved Kano model from the perspective of risk attitude and aspiration. Firstly, the attributes concerned by consumers are extracted from online reviews, and sentiment analysis of the extracted attributes is carried out using Standford CoreNLP. Secondly, to identify the types of product attributes, an improved Kano model is proposed based on the effects of product attributes on consumer total utility. On this basis, different attribute types are illustrated from the perspective of risk attitude. Then, the consumer aspirations are mined based on the risk attitudes of different attributes and the attribute impact on consumer satisfaction. According to the risk attitudes and aspirations of different attributes, the quantified satisfaction functions are constructed to provide more objective and accurate improvement suggestions. Finally, the proposed method is applied to the hotel service improvement to illustrate the effectiveness.


First published online 13 April 2021

Keyword : Kano, online reviews, satisfaction function, aspiration, risk attitude

How to Cite
Zhao, M., Zhang, C.- xi, Hu, Y.- qi, Xu, Z.- shui, & Liu, H. (2021). Modelling consumer satisfaction based on online reviews using the improved Kano model from the perspective of risk attitude and aspiration. Technological and Economic Development of Economy, 27(3), 550-582. https://doi.org/10.3846/tede.2021.14223
Published in Issue
May 25, 2021
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This work is licensed under a Creative Commons Attribution 4.0 International License.

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