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Numerical solution of some optimal control problems arising from innovation diffusion

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  • Luigi De Cesare
  • Andrea Di Liddo
  • Stefania Ragni

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  • Luigi De Cesare & Andrea Di Liddo & Stefania Ragni, 2002. "Numerical solution of some optimal control problems arising from innovation diffusion," Computing in Economics and Finance 2002 221, Society for Computational Economics.
    • Handle: RePEc:sce:scecf2:221
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    References listed on IDEAS

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    1. John A. Norton & Frank M. Bass, 1987. "A Diffusion Theory Model of Adoption and Substitution for Successive Generations of High-Technology Products," Management Science, INFORMS, vol. 33(9), pages 1069-1086, September.
    2. Vijay Mahajan & Robert A. Peterson, 1978. "Innovation Diffusion in a Dynamic Potential Adopter Population," Management Science, INFORMS, vol. 24(15), pages 1589-1597, November.
    3. Frank M. Bass, 1969. "A New Product Growth for Model Consumer Durables," Management Science, INFORMS, vol. 15(5), pages 215-227, January.
    4. Goffe, William L. & Ferrier, Gary D. & Rogers, John, 1994. "Global optimization of statistical functions with simulated annealing," Journal of Econometrics, Elsevier, vol. 60(1-2), pages 65-99.
    5. Luigi De Cesare & Andrea Di Liddo, 2001. "A Stackelberg Game Of Innovation Diffusion: Pricing, Advertising And Subsidy Strategies," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 3(04), pages 325-339.
    6. Shlomo Kalish, 1985. "A New Product Adoption Model with Price, Advertising, and Uncertainty," Management Science, INFORMS, vol. 31(12), pages 1569-1585, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation diffusion; control problem; numerical approximation; simulated annealing;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising

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