Residential College | false |
Status | 即將出版Forthcoming |
A discount strategy in word-of-mouth marketing | |
Zhang, Tianrui1; Li, Pengdeng1; Yang, Lu Xing2; Yang, Xiaofan1; Tang, Yuan Yan3; Wu, Yingbo1 | |
2019-07-30 | |
Source Publication | Communications in Nonlinear Science and Numerical Simulation |
ISSN | 1007-5704 |
Volume | 74Pages:167-179 |
Abstract | This paper addresses the issue of discount pricing in word-of-mouth (WOM) marketing. First, we propose a novel discount strategy we refer to as the Influence-Based Discount (IBD) strategy, in which each buyer would enjoy a discount that is linearly proportional to his/her influence in the WOM network. For the purpose of evaluating the performance of an IBD strategy, we model the associated WOM spreading process as a higher-dimensional nonlinear differential dynamical system we refer to as the Dormant-Potential-Adopting (DPA) model. Next, we examine the dynamics of a DPA model through computer experiments. Thereby, we estimate the expected net profit of an IBD strategy and inspect how different factors influence this profit through numerical experiments. On this basis, we suggest some feasible promotional measures. |
Keyword | Discount Pricing Marketing Profit Wom Marketing Wom Spreading Model |
DOI | 10.1016/j.cnsns.2019.03.015 |
URL | View the original |
Language | 英語English |
WOS ID | WOS:000464529500011 |
Scopus ID | 2-s2.0-85063074236 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | University of Macau |
Affiliation | 1.School of Big Data & Software Engineering, Chongqing University, Chongqing, 400044, China 2.School of Information Technology, Deakin University, Melbourne, 3125, Australia 3.Department of Computer and Information Science, The University of Macau, Macau, China |
Recommended Citation GB/T 7714 | Zhang, Tianrui,Li, Pengdeng,Yang, Lu Xing,et al. A discount strategy in word-of-mouth marketing[J]. Communications in Nonlinear Science and Numerical Simulation, 2019, 74, 167-179. |
APA | Zhang, Tianrui., Li, Pengdeng., Yang, Lu Xing., Yang, Xiaofan., Tang, Yuan Yan., & Wu, Yingbo (2019). A discount strategy in word-of-mouth marketing. Communications in Nonlinear Science and Numerical Simulation, 74, 167-179. |
MLA | Zhang, Tianrui,et al."A discount strategy in word-of-mouth marketing".Communications in Nonlinear Science and Numerical Simulation 74(2019):167-179. |
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