simul_demand: Simulate a base market over several periods based on a set of...

In NicolasJBM/simulacR: Simulation Tools

Description

Simulate a base market over several periods based on a set of assumptions.

Usage

simul_demand(
  market_base = 1000,
  prices = c(25, 50, 75, 100),
  qualities = c(20, 55, 65, 105),
  price_weight = 0.5,
  sensitivity = 0.5,
  demand_function = "logistic"
)

Arguments

market_base	Integer. Base volume of the demand.
prices	Numeric vector. Prices applied for each product.
qualities	Numeric vector. Relative qualities of each product.
price_weight	Numeric. Number between 0 (less sensitive) and 1 (more sensitive) indicating the importance of price relative to quality.
sensitivity	Numeric. Number between 0 (less sensitive) and 1 (more sensitive) indicating how sentitive to quality price demand is.
demand_function	Character. Whether the demand is a "linear", "constant" elasiticy, or "logistic" function of price.

Value

A volume of the demand to the firm.

See Also

simul_market

NicolasJBM/simulacR documentation built on Dec. 25, 2019, 5:20 a.m.