Modeling and Analysis of New Products Diffusion on Heterogeneous Networks

Shuping Li and Zhen Jin

Journal of Applied Mathematics, 2014, vol. 2014, issue 1

Abstract: We present a heterogeneous networks model with the awareness stage and the decision‐making stage to explain the process of new products diffusion. If mass media is neglected in the decision‐making stage, there is a threshold whether the innovation diffusion is successful or not, or else it is proved that the network model has at least one positive equilibrium. For networks with the power‐law degree distribution, numerical simulations confirm analytical results, and also at the same time, by numerical analysis of the influence of the network structure and persuasive advertisements on the density of adopters, we give two different products propagation strategies for two classes of nodes in scale‐free networks.

Date: 2014
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https://doi.org/10.1155/2014/940623

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Persistent link: https://EconPapers.repec.org/RePEc:wly:jnljam:v:2014:y:2014:i:1:n:940623

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