Abstract

This paper considers the stabilization of prices, as well as supply and demand in a competitive market with the participation of manufacturers and resellers. A mathematical model of this problem is formulated, the problem of finding a Nash equilibrium is solved, and an example of using this model is also given.

Original languageEnglish
Title of host publicationProceedings - 2019 1st International Conference on Control Systems, Mathematical Modelling, Automation and Energy Efficiency, SUMMA 2019
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages210-213
Number of pages4
ISBN (Electronic)9781728149110
DOIs
Publication statusPublished - Nov 2019
Event1st International Conference on Control Systems, Mathematical Modelling, Automation and Energy Efficiency, SUMMA 2019 - Lipetsk
Duration: 20 Nov 201922 Nov 2019

Publication series

NameProceedings - 2019 1st International Conference on Control Systems, Mathematical Modelling, Automation and Energy Efficiency, SUMMA 2019

Conference

Conference1st International Conference on Control Systems, Mathematical Modelling, Automation and Energy Efficiency, SUMMA 2019
CountryRussian Federation
CityLipetsk
Period20/11/1922/11/19

Scopus subject areas

  • Organizational Behavior and Human Resource Management
  • Mechanical Engineering
  • Control and Optimization
  • Modelling and Simulation
  • Control and Systems Engineering

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