Complexity and Application of Tobacco Manufacturer Pricing Game considering Market Segments
Joint Authors
Ma, Junhai
Guo, Shubing
Zhan, Xueli
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-07-31
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
This paper considers price as a strategy using two methods of market segmentation through game theory based on the collected data of several typical cities in Shandong province.
Three oligarchs are discussed to analyze the complexity of the market in tobacco system.
The effect of different factors on the equilibrium price of Nash equilibrium is discussed.
What is more, the variation of parameters drives the system to change to uncertain status, even to bifurcation or chaos.
We also discuss the model under normal circumstances, when the three parties jointly take chaos control measures, and its impact on the system.
Finally, we clarify chaos control of economic significance.
The results indicate that only reasonable pricing strategy is a critical point to achieve maximized profit and maintain orderly operation at the same time, which is a constructive suggestion for tobacco companies’ operational strategy.
American Psychological Association (APA)
Guo, Shubing& Ma, Junhai& Zhan, Xueli. 2017. Complexity and Application of Tobacco Manufacturer Pricing Game considering Market Segments. Discrete Dynamics in Nature and Society،Vol. 2017, no. 2017, pp.1-11.
https://search.emarefa.net/detail/BIM-1151665
Modern Language Association (MLA)
Guo, Shubing…[et al.]. Complexity and Application of Tobacco Manufacturer Pricing Game considering Market Segments. Discrete Dynamics in Nature and Society No. 2017 (2017), pp.1-11.
https://search.emarefa.net/detail/BIM-1151665
American Medical Association (AMA)
Guo, Shubing& Ma, Junhai& Zhan, Xueli. Complexity and Application of Tobacco Manufacturer Pricing Game considering Market Segments. Discrete Dynamics in Nature and Society. 2017. Vol. 2017, no. 2017, pp.1-11.
https://search.emarefa.net/detail/BIM-1151665
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1151665