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System Dynamics Analysis of the Diffusion of Innovations

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System Dynamics

Part of the book series: Encyclopedia of Complexity and Systems Science Series ((ECSSS))

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Glossary

Adopters:

The cumulated number of persons who have bought a product over time.

Diffusion:

The spread of a new product, process, or concept in the market. The process of bringing innovation into wide use.

Imitator:

An imitator buys a new product because he observed or communicated with customers who have already bought the product. The buying decision of imitators is influenced by the adoption of other customers.

Innovation:

The process of bringing new technology into use.

Innovator:

A customer with general interest in innovations making his buying decision independent of others.

Installed base:

Installed base is defined as the amount of users in a network system.

Invention:

The process of bringing new technology into being.

Network effects:

A product is characterized by a network effect, if the utility of that product is a function of the installed base. The utility increases with the installed base.

Definition of the Subject

The chapter describes how system dynamics-based...

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Author information

Authors and Affiliations

  1. Industrieseminar der Universität Mannheim, Mannheim University, Mannheim, Germany

    Peter M. Milling

  2. Geschäftsführender Gesellschafter, Simcon GmbH, Bensheim, Germany

    Frank H. Maier

Authors
  1. Peter M. Milling
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  2. Frank H. Maier
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Corresponding author

Correspondence to Peter M. Milling .

Editor information

Editors and Affiliations

  1. School of Management, University of Bristol, Bristol, UK

    Brian Dangerfield

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Milling, P.M., Maier, F.H. (2020). System Dynamics Analysis of the Diffusion of Innovations. In: Dangerfield, B. (eds) System Dynamics. Encyclopedia of Complexity and Systems Science Series. Springer, New York, NY. https://doi.org/10.1007/978-1-4939-8790-0_124

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