OPTIMAL INVESTMENT AND MARKETING STRATEGIES
Over the past decade, innovative technologies have resulted in an extensive growth of new services. Each new service requires a number of management and marketing decisions to be made well in advance of its launch and throughout its entire life cycle. This book develops mathematical models to facilitate decision-making dealing with technologically innovative services. Specifically, it develops (i) models for optimal pricing strategies of subscription services on monopolistic and duopolistic markets, (ii) an analytical model for optimal investment and optimal pricing strategies for innovative maintenance service contracts, and (iii) a model for targeting customers in marketing campaigns. In addition, the models (i)&x2013,(iii) can also be used to forecast an aggregate demand for a new service as well as the service demand for each individual customer.
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