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The Bass diffusion model on networks with correlations and inhomogeneous advertising

Authors :
Bertotti, M. L.
Brunner, J.
Modanese, G.
Source :
Chaos, Solitons and Fractals, 90 (2015) pp. 55-63
Publication Year :
2016

Abstract

The Bass model, which is an effective forecasting tool for innovation diffusion based on large collections of empirical data, assumes an homogeneous diffusion process. We introduce a network structure into this model and we investigate numerically the dynamics in the case of networks with link density $P(k)=c/k^\gamma$, where $k=1, \ldots , N$. The resulting curve of the total adoptions in time is qualitatively similar to the homogeneous Bass curve corresponding to a case with the same average number of connections. The peak of the adoptions, however, tends to occur earlier, particularly when $\gamma$ and $N$ are large (i.e., when there are few hubs with a large maximum number of connections). Most interestingly, the adoption curve of the hubs anticipates the total adoption curve in a predictable way, with peak times which can be, for instance when $N=100$, between 10% and 60% of the total adoptions peak. This may allow to monitor the hubs for forecasting purposes. We also consider the case of networks with assortative and disassortative correlations and a case of inhomogeneous advertising where the publicity terms are "targeted" on the hubs while maintaining their total cost constant.<br />Comment: 23 pages, 4 figures; submitted version. Chaos, Solitons and Fractals, online 9 March 2016

Details

Database :
arXiv
Journal :
Chaos, Solitons and Fractals, 90 (2015) pp. 55-63
Publication Type :
Report
Accession number :
edsarx.1605.06308
Document Type :
Working Paper
Full Text :
https://doi.org/10.1016/j.chaos.2016.02.039