2007
DOI: 10.1016/j.techfore.2006.02.006
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Demographic processes in a model of innovation diffusion with dynamic market

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Cited by 37 publications
(12 citation statements)
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“…However, despite the model's simplicity, some basic assumptions of the Bass model are not consistent with observed reality: in a real market, the market potential is in dynamic variation, marketing strategies exist, new products are upgraded, and different products can be influenced by one another's sales performance. Therefore, some efforts have been made to modify the Bass model (Centrone, Goia, & Salinelli, ; Norton & Bass, ; Bagchi, Kirs, & López, 2008; Islam, Fiebig, & Meade, ; Roberts, Nelson, & Morrison, ). Nonetheless, research (Chandrasekaran & Tellis, ) shows that the Bass model fits actual data almost as well as much more complex models which seek to correct its limitations (Bass, Krishnan, & Jain, ).…”
Section: Related Workmentioning
confidence: 99%
“…However, despite the model's simplicity, some basic assumptions of the Bass model are not consistent with observed reality: in a real market, the market potential is in dynamic variation, marketing strategies exist, new products are upgraded, and different products can be influenced by one another's sales performance. Therefore, some efforts have been made to modify the Bass model (Centrone, Goia, & Salinelli, ; Norton & Bass, ; Bagchi, Kirs, & López, 2008; Islam, Fiebig, & Meade, ; Roberts, Nelson, & Morrison, ). Nonetheless, research (Chandrasekaran & Tellis, ) shows that the Bass model fits actual data almost as well as much more complex models which seek to correct its limitations (Bass, Krishnan, & Jain, ).…”
Section: Related Workmentioning
confidence: 99%
“…Not Behavioural approaches are predominantly based on system dynamics, diffusion and time series models (a recent and interesting review may be found in Al-Alawi and Bradley, 2013). Most notable contributions are mainly founded on the Bass diffusion model (1969) (McManus and Senter, 2010Centrone et al, 2007;Cao, 2006;Jeon, 2010;Becker et al, 2009;Won et al, 2009;Higgins et al, 2012), the Gompertz growth model (Muraleedharakurup et al, 2010;Lamberson, 2009) or the logistic model (Trappey and Wu, 2008;Muraleedharakurup et al, 2010).…”
Section: Technological Frameworkmentioning
confidence: 99%
“…This technique is applied to fields such as population dynamics, consumer behavior and vehicle traffic. Consumer choice models have been used in numerous studies (Islam and Meade, 1997;Cao, 2004;Mau, 2005;Centrone et al, 2007;Struben and Sterman, 2008;Sullivan et al, 2009;Becker, 2009;Muraleedharakurup et al, 2010;Eppstein et al, 2011;Zhang et al, 2011;McManus and Senter, 2010) to estimate vehicle sales and are usually derived from past vehicle sales data and consumer demographic data. The goal of diffusion rate and time series models is to find the "life cycle of new products over time".…”
Section: Hybrid Electric Vehiclesmentioning
confidence: 99%