A Stochastic Model of Consumer Behavior and Optimal Advertising

A stochastic consumer behavior model is constructed transforming Nicosia's [11] postulates into probability hypotheses. Nicosia's deterministic model is obtained in the mean evolutions and variance-covariances, defined by a system of linear differential equations obtained. This system, for...

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Bibliographische Detailangaben
Veröffentlicht in:Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 28(1982), 9, Seite 1054-1064
1. Verfasser: Tapiero, Charles S. (VerfasserIn)
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 1982
Zugriff auf das übergeordnete Werk:Management Science
Schlagworte:Dynamic Programming-Control Theory Marketing-Advertising/Promotion Marketing-Buyer Behavior Behavioral sciences Mathematics Business Social sciences Philosophy Economics