Control in Social and Economic Systems

A stochastic model of bilateral oligopoly and price control of high-tech products’ market competition

V. V. Klochkov, I. Selezneva

Institute of Control Sciences of RAS

Abstract: We consider the problem of competition strategic management in the markets of high-tech industry. It is considered that rigid pricing policy in the long term may lead to the withdrawal of suppliers from the market, to reduction of its competitiveness and growth in purchase prices. To optimize customers’ pricing policy taking into account this effect, a model of bilateral oligopoly as a closed queuing system is proposed.

Keywords: competition, strategic management, pricing, bilateral oligopoly, queuing theory.

UDC: 338.45:338.51:338.53
BBK: 65.05

Received: August 11, 2015
Published: May 31, 2016

 English version: Automation and Remote Control, 2020, 81:2, 340–357

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