Study of the Dynamics of Product Sales Process with the Help of Zolotas Model

Authors :: Vasiliy Ye. Belozyorov
Svetlana A. Volkova
Source :: Journal of Optimization, Differential Equations and Their Applications, Vol 32, Iss 1, Pp 33-54 (2024)
Publication Year :: 2024
Publisher :: Oles Honchar Dnipro National University, 2024.
Abstract: A new mathematical model describing the dynamics of sales of goods on the market has been proposed. This model takes into account the following characteristics: the average welfare of buyers, the maximum welfare of buyers, the number of buyers who know about the incoming product and the level of market saturation with this product. Examples demonstrating the features of the constructed model are given.

Subjects :: process of product sales
zolotas model
system of ordinary autonomous differential equations
stability
limit cycle
Mathematics
QA1-939

Language :: English
ISSN :: 26170108 and 26636824
Volume :: 32
Issue :: 1
Database :: Directory of Open Access Journals
Journal :: Journal of Optimization, Differential Equations and Their Applications
Publication Type :: Academic Journal
Accession number :: edsdoj.5b07d3ea7d2d4209acc908144efb804b
Document Type :: article
Full Text :: https://doi.org/10.15421/142402