Title :
The ICT products prices and quantities optimization
Author :
Chistov, Dmitry ; Shuremov, Eugene ; Zalozhnev, Alexey
Author_Institution :
Financial Univ. under the Gov. of the Russian Federation Moscow, Moscow, Russia
Abstract :
Promotion and adaptation of products require an adequate manufacturer pricing policy. This is especially important for the ICT market because it is characterized by rapid variability and high mobility. Prices and product quantities should be set so as to provide the enterprise profit maximization. This paper is addressed to problem of prices and quantities simultaneous optimization of some set ICT products. The enterprise profit maximum is used as the optimization criterion. The price parameters are the independent variables.
Keywords :
information technology; optimisation; pricing; profitability; ICT market; ICT product prices; enterprise profit maximization; manufacturer pricing policy; optimization criterion; price parameters; product quantities; quantities optimization; Computational modeling; Economics; Elasticity; Equations; Manufacturing; Mathematical model; Optimization; ICT product; demand; optimization; price; profit;
Conference_Titel :
Application of Information and Communication Technologies (AICT), 2013 7th International Conference on
Conference_Location :
Baku
Print_ISBN :
978-1-4673-6419-5
DOI :
10.1109/ICAICT.2013.6722754
