Models of new product diffusion : current status and research agenda
Name
MIT-EL-79-054WP-06350431.pdf
Size
1.13 MB
Format
Adobe PDF
Checksum (MD5)
2c0f776f44eef1ceb97e706d29930ce5
Author(s)
Kalish, Shlomo
Lilien, Gary Louis
Date Issued
October 1979
Publisher
MIT Energy Laboratory
Series/Report no.
MIT-EL
79-054WP
Abstract
Diffusion models, mathematical attempts to describe the growth
patterns of new products and relate them to variables such as price and
population characteristics, have seen major development trends in the
past few years. This paper reviews that progress in order to isolate
those areas most likely to be fruitful for further development.
The paper first reviews some of the behavioral underpinnings of
diffusion models: the phenomena being modeled. Next, the major explicit
form models are reviewed and classified according to whether they have
market-controls or not and according to the number of stages they
explicitly consider. These models are related to larger-scale simulation
models (especially in the solar energy area) that use explicit-form
models as building blocks.
The paper concludes with a discussion of some important advances
that still need to be made in this important and rapidly-growing area.
Subjects
Commercial products |z United States |x Mathematical models.
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