Three-Attribute Interrelationships for Industry-Level Demand Equations
Abstract
In business simulations, industry-level product demand is typically determined by a variety of factors. In the marketplace, these variables are not independent, yet many simulation algorithms in the literature assume that they are. The multiple-market-segment industry-level demand equation detailed in this paper allows for correlations among three attributes that form the domain of the demand equation.Downloads
Published
2014-02-24
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Articles