Analysing the Market Situation With the Simulation
The model developed in Chapters 2 to 5 is used to find the combination of sales price, subscription rate, life cycle duration, advertising spending, and process improvement spending that yields the highest possible Accumulated profits. During a first phase, the optimal value for each decision variab...
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creator | Schaffernicht, Martin F. G Groesser, Stefan N |
description | The model developed in Chapters 2 to 5 is used to find the combination of sales price, subscription rate, life cycle duration, advertising spending, and process improvement spending that yields the highest possible Accumulated profits. During a first phase, the optimal value for each decision variable is searched ceteris paribus, using a method which reduces the number of simulation experiments needed. Then different combinations are compared and eventually the optimal combination is detected. It will be used as benchmark in Chapter 7. |
doi_str_mv | 10.1002/9781119118305.ch6 |
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source | O'Reilly Online Learning: Academic/Public Library Edition |
subjects | monopoly objective setting profit maximization |
title | Analysing the Market Situation With the Simulation |
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