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This book presents a simple, yet very powerful, conceptual framework, which can be used to estimate market sizes, prices and their interdependency for new products based on historical market data for existing products in related areas. Even in situations where insufficient data is available the...
Persistent link: https://www.econbiz.de/10005789447
This paper reports a new theorem and proof for optimizing the advertising budget. The theorem is that the optimal rate of advertising is equal to gross profit multiplied by advertising elasticity. This does not involve a ratio of elasticities, and so is an advance on the Dorfman-Steiner theorem...
Persistent link: https://www.econbiz.de/10005789572
We study properties of the solutions to a parametrized constrained optimization problem in Hilbert spaces. A special …
Persistent link: https://www.econbiz.de/10005835786
strategy that incorporates both environmental and economic goals. Furthermore, optimization using only a single receptor at a … time resulted in significantly higher reduction in emissions compared to optimization that incorporates all the twelve …-receptor optimization) would not penalize the sources of emission compared to locally optimal emission reduction strategy (i.e., single …
Persistent link: https://www.econbiz.de/10005836399
We study properties of the solutions to a parametrized constrained optimization problem in Hilbert spaces. A special …
Persistent link: https://www.econbiz.de/10005837044
The objective of the study is to determine the factors of the optimal level of merchandizing inventory. The study is based on a mathematical model. The results revealed some interesting findings. The most important conclusion is that the 'Usage of Material' or the Sales Volume is not the real...
Persistent link: https://www.econbiz.de/10005837204
. This optimization method requires that players adopt a particular type of probability measure space. Here, we introduce … optimization methods to locate novel equilibria. These variational methods can reconcile game theoretic prediction and observed … human behaviours, as we illustrate by resolving the chain store paradox. Our generalized optimization analysis has …
Persistent link: https://www.econbiz.de/10005837506
The core problem in focus of this paper is studying how modern economy can keep sustained growth in terms of increasing reliance on both knowledge and human capitals and dependence on continuously depleting non-renewable natural resources. The aim of this paper is to bridge in some way the gap...
Persistent link: https://www.econbiz.de/10008543487
Through Monte Carlo experiments, this paper compares the performances of different gradient optimization algorithms …
Persistent link: https://www.econbiz.de/10008565138
Differential Evolution algorithm is compared to standard optimization techniques. …
Persistent link: https://www.econbiz.de/10008685051