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Upravlenie Bol'shimi Sistemami, 2016, Issue 61, Pages 191–225 (Mi ubs876)  
Control in Social and Economic Systems

A stochastic model of bilateral oligopoly and price control of high-tech products’ market competition

V. V. Klochkov, I. Selezneva

Institute of Control Sciences of RAS
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Abstract: We consider the problem of competition strategic management in the markets of high-tech industry. It is considered that rigid pricing policy in the long term may lead to the withdrawal of suppliers from the market, to reduction of its competitiveness and growth in purchase prices. To optimize customers’ pricing policy taking into account this effect, a model of bilateral oligopoly as a closed queuing system is proposed.
Keywords: competition, strategic management, pricing, bilateral oligopoly, queuing theory.
Received: August 11, 2015
Published: May 31, 2016
English version:
Automation and Remote Control, 2020, Volume 81, Issue 2, Pages 340–357
DOI: https://doi.org/10.1134/S0005117920020125
Bibliographic databases:
Document Type: Article
UDC: 338.45:338.51:338.53
BBC: 65.05
Language: Russian
Citation: V. V. Klochkov, I. Selezneva, “A stochastic model of bilateral oligopoly and price control of high-tech products’ market competition”, UBS, 61 (2016), 191–225; Autom. Remote Control, 81:2 (2020), 340–357
Citation in format AMSBIB
\Bibitem{KloSel16}
\by V.~V.~Klochkov, I.~Selezneva
\paper A stochastic model of bilateral oligopoly and price control of high-tech products’ market competition
\jour UBS
\yr 2016
\vol 61
\pages 191--225
\mathnet{http://mi.mathnet.ru/ubs876}
\elib{https://elibrary.ru/item.asp?id=26608668}
\transl
\jour Autom. Remote Control
\yr 2020
\vol 81
\issue 2
\pages 340--357
\crossref{https://doi.org/10.1134/S0005117920020125}
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