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While making informed decisions regarding investments in customer retention and acquisition becomes a pressing managerial issue, formal models and analysis, which may provide insight into this topic, are still scarce. In this study we examine two dynamic models for optimal acquisition and retention models of a monopoly, the total cost and the cost per customer models. These models are analytically analyzed using classical, direct, methods and asymptotic expansions (for the total cost model). In...
While making informed decisions regarding
investments in customer retention and acquisition becomes a
pressing managerial issue, formal models and analysis, which may
provide insight into this topic, are still scarce. In this study
we examine two dynamic models for optimal acquisition and
retention models of a monopoly, the total cost and the cost per
customer models.
These models are analytically analyzed using classical, direct,
methods and asymptotic expansions (for the total cost model).
In...
The purpose of this paper is to study the periodic boundary value problem -u''(t) = f(t,u(t),u'(t)), u(0) = u(2π), u'(0) = u'(2π) when f satisfies the Carathéodory conditions. We show that a generalized upper and lower solution method is still valid, and develop a monotone iterative technique for finding minimal and maximal solutions.
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