Title
Integrating Metacognitive And Psychometric Decision-Making Approaches For Bank Customer Loyalty Measurement
Abstract
Greater competition and the aftermath of the financial crisis have meant that banks are increasingly focused on improving service quality and achieving higher levels of customer loyalty. Doing so requires being able to identify, understand and measure the determinants of such loyalty, however; and given the variety of multi-faceted factors involved, and the interrelationships among them, this is a complex undertaking. This paper proposes and tests an integrated application of cognitive mapping and multiple criteria decision analysis (MCDA), thus combining metacognitive and psychometric decision-making approaches, to create a framework for the assessment of bank customer loyalty, which identifies its determinants and allows the trade-offs among them to be calculated. Practical advantages and limitations of our proposal are also discussed.
Year
DOI
Venue
2016
10.1142/S0219622015500236
INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING
Keywords
Field
DocType
Bank branch service, bank customer loyalty measurement, cognitive maps, MCDA, AHP, TODIM, Prospect Theory
Multiple-criteria decision analysis,Loyalty,Prospect theory,Knowledge management,Artificial intelligence,Analytic hierarchy process,Marketing,Cognitive map,Loyalty business model,Service quality,Metacognition,Mathematics,Machine learning
Journal
Volume
Issue
ISSN
15
4
0219-6220
Citations 
PageRank 
References 
9
0.59
19
Authors
4