Thumbnail Image
Publication

A Mathematical Study of Competition and Adoption of Two Consumer Products

Huang, Chengli
Abstract
A mathematical model describing the competition between two consumer products in the market is constructed based on the Bass Diffusion Model and the competitive Lotka-Volterra model. Using this proposed model, the long-term behaviors of the two competing products can be forecasted. The model is analyzed and categorized into eight different cases with different settings of parameters, and under any of those cases, the two products are proved to co-exist in the long term.
Description
Date
2018-12-01
Journal Title
Journal ISSN
Volume Title
Publisher
Collections
Undergraduate Honors Theses
Show all metadata
Download Dataset
Files
honor_thesis.pdf
Adobe PDF, 3.18 MB
Rights Holder
Usage License
Embargo
Research Projects
Organizational Units
Journal Issue
Keywords
Citation
Advisor
Shi, Junping
Ninh, Anh
Runfola, Dan
Department
Mathematics
DOI
URI
https://scholarworks.wm.edu/handle/internal/10657
Embedded videos