Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-07-99-32
DOI: https://dx.doi.org/10.15863/TAS.2021.07.99.32
Language: Russian
Citation: Zhanatauov, S. U. (2021). A behavioral model of demand with specified prices and with a variable sum of expenses. ISJ Theoretical & Applied Science, 07 (99), 158-167. Soi: http://s-o-i.org/1.1/TAS-07-99-32 Doi: https://dx.doi.org/10.15863/TAS.2021.07.99.32 |
Pages: 158-167
Published: 30.07.2021
Abstract: A behavioral model of demand with an unknown amount I(t+1) of the buyer's expenses is developed, a new Inverse Problem is solved, which is the inverse of the Direct Problem (with a given amount of expenses) solved in the Stone-Geary LES-model in the "subjective buyer-objective seller" system. When the objective prices of the seller are calculated in the Direct Problem, with given restrictions on the volumes (minimum or other) of future demand, the value that is subjectively acceptable to the buyer is calculated, with reduced values of the utility functions (for the seller) of the service package . The value of I(t+1) implicitly depends on the volume restrictions and is the subjective sum of I (t+1) of the buyer's expenses with the previous values of parameters, variables, functions from the Direct Problem.There may be several acceptable subjective values of I(t+1) (scenarios). 2 scenarios of calculations based on algorithms, formulas of the behavioral model of demand with a variable amount of expenses were carried out. The initial data are the values of the values from the Direct Problem of the Behavioral Demand Model of Stone-Geary (R. Stone-Quarry Roy C) [1,2].
Key words: the behavioral demand model, specified prices, a variable sum of expenses.
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