A simultaneous model for innovative product categorysales diffusion and competitive dynamics
β Scribed by Namwoon Kim; Eileen Bridges; Rajendra K. Srivastava
- Book ID
- 117361651
- Publisher
- Elsevier Science
- Year
- 1999
- Tongue
- English
- Weight
- 287 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0167-8116
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innovation diffusion model is studied which describes the dynamics of three competing products in one market. A complete analysis for the global stability of equilibria of the model is given by excluding the existence of periodic solutions and using the theory of threcdimensional competition systems
The diusion of innovations over time is a highly dynamic and complex problem. It is inΒ―uenced by various factors like price, advertising, and product capabilities. Traditional models of innovation diusion ignore the complexity underlying the process of diusion. Their aim is normative decision suppor