The Gompertz Function And Its Applications In Management

Rządkowski Grzegorz (), Głażewska Iwona () and Sawińska Katarzyna ()
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Rządkowski Grzegorz: Faculty of Management, Warsaw University of Technology, Warsaw, Poland
Głażewska Iwona: Faculty of Management, Warsaw University of Technology, Warsaw, Poland
Sawińska Katarzyna: Faculty of Management, Warsaw University of Technology, Warsaw, Poland

Foundations of Management, 2015, vol. 7, issue 1, 185-190

Abstract: In the present paper, we investigate the Gompertz function, which is commonly used, mostly as diffusion model, in economics and management. Our approach is based on indicating in a given time series, presumably with a Gompertz trend, some characteristic points corresponding to zeroes of successive derivatives of this function. This allows us to predict the saturation level of a phenomenon under investigation, by using only the early values of the time series. We also give an example of applications of this method.

Keywords: Gompertz function; time series; Stirling number of the II kind; mathematical model (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:founma:v:7:y:2015:i:1:p:185-190:n:15

DOI: 10.1515/fman-2015-0035

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