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A general simulation model of market competition is developed to explore the effectiveness of and interactions between different types of product exploration and exploitation strategies, that is, innovation, imitation and process improvement. The model, like real markets, is highly non-linear...
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A general simulation model of market competition is developed to explore the effectiveness of and interactions between different types product exploration and exploitation strategies i.e. innovation, imitation and process improvement. The model, like real markets, is highly non-linear such that...
Persistent link: https://www.econbiz.de/10014088211
Persistent link: https://www.econbiz.de/10005287655