The Deterministic Model With Time Delay for a New Product Diffusion in a Market
The aim of this paper is to present and analyze a market through a nonlinear deterministic model. A firm launches a new product and devotes a fixed proportion of sales to advertising, while customers go through a three stage adoption process with some delay on the effect of advertisement. The mathem...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Oeconomica Timisiensis Foundation
2018-06-01
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| Series: | Timisoara Journal of Economics and Business |
| Subjects: | |
| Online Access: | http://www.degruyter.com/view/j/tjeb.2018.11.issue-1/tjeb-2018-0004/tjeb-2018-0004.xml?format=INT |