Research on the Complex Dynamic Characteristics and RLS Estimation’s Influence Based on Price and Service Game

Considering that the real competitions in service market contain two important factors, price and service, we build a dynamical price and service game model and study the complex dynamics of this bivariate game. Some special properties about the adjustment of service are noted by comparing our innov...

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Bibliographic Details
Main Authors: Junhai Ma, Zhanbing Guo
Format: Article
Language:English
Published: Hindawi Limited 2015-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2015/302506
Description
Summary:Considering that the real competitions in service market contain two important factors, price and service, we build a dynamical price and service game model and study the complex dynamics of this bivariate game. Some special properties about the adjustment of service are noted by comparing our innovative bivariate game model with previous univariate game model. Besides, we discuss the stabilities of fixed points and compare the price and service game with price game. What is more, the recursive least-squares (RLS) estimation is introduced to substitute naive estimation; then the impacts of RLS estimation are studied by comparing it with naive estimation.
ISSN:1024-123X
1563-5147