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Computation of the Stability and Complexity about Triopoly Price Game Model with Delay Decision
Joint Authors
Wang, Yuling
Guo, Shubing
Duan, Shide
Source
Advances in Mathematical Physics
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-04-10
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Abstract EN
We develop the price game model based on the entropy theory and chaos theory, considering the three enterprises are bounded rationality and using the cost function under the resource constraints; that is, the yield increase will bring increased costs.
The enterprises of new model adopt the delay decision with the delay parameters τ1 and τ2, respectively.
According to the change of delay parameters τ1 and τ2, the bifurcation, stability, and chaos of the system are discussed, and the change of entropy when the system is far away from equilibrium is considered.
Prices and profits are found to lose stability and the evolution of the system tends to the equilibrium state of maximum entropy.
And it has a big fluctuation with the increase of τ1 and τ2.
In the end, the chaos is controlled effectively.
The entropy of the system decreases, and the interior reverts to order.
The results of this study are of great significance for avoiding the chaos when the enterprises make price decisions.
American Psychological Association (APA)
Wang, Yuling& Guo, Shubing& Duan, Shide. 2017. Computation of the Stability and Complexity about Triopoly Price Game Model with Delay Decision. Advances in Mathematical Physics،Vol. 2017, no. 2017, pp.1-10.
https://search.emarefa.net/detail/BIM-1123092
Modern Language Association (MLA)
Wang, Yuling…[et al.]. Computation of the Stability and Complexity about Triopoly Price Game Model with Delay Decision. Advances in Mathematical Physics No. 2017 (2017), pp.1-10.
https://search.emarefa.net/detail/BIM-1123092
American Medical Association (AMA)
Wang, Yuling& Guo, Shubing& Duan, Shide. Computation of the Stability and Complexity about Triopoly Price Game Model with Delay Decision. Advances in Mathematical Physics. 2017. Vol. 2017, no. 2017, pp.1-10.
https://search.emarefa.net/detail/BIM-1123092
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1123092