A Model of Optimal Production Planning Based on the Hysteretic Demand Curve
The article considers a hysteretic model of consumer behaviour in mono-product markets. Demand generation with regard to an individual consumer is modeled using a non-ideal relay with inverted thresholds. Therefore, the sales rate is defined as an analogue of the Preisach converter. The article cons...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-09-01
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| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/10/18/3262 |