DC FieldValueLanguage
dc.contributor.authorGiovanis, Apostolos-
dc.contributor.authorSkiadas, Christos-
dc.date.accessioned2024-06-07T11:08:03Z-
dc.date.available2024-06-07T11:08:03Z-
dc.date.issued1997-01-01-
dc.identifierscopus-0031153551-
dc.identifier.issn8755-0024-
dc.identifier.other0031153551-
dc.identifier.urihttps://uniwacris.uniwa.gr/handle/3000/2504-
dc.description.abstractIn this paper a stochastic innovation diffusion model is proposed derived by introducing stochasticity into the well-known Bass model. The stochastic model is solved analytically by using the theory of reducible stochastic differential equations and the first moment of the resulting stochastic process is presented. The parameter estimators of the model are derived by using a procedure which provides the maximum likelihood estimators (MLE) using time series data. Finally, the model is applied to the data of electricity consumption in Greece. Using a simulation technique, it is possible to predict the performance of the consumption process by defining a subdomain to which all possible trajectories of the process should belong with a predefined probability.en_US
dc.language.isoenen_US
dc.relation.ispartofApplied Stochastic Models and Data Analysisen_US
dc.subjectBass modelen_US
dc.subjectElectricity consumptionen_US
dc.subjectMaximum likelihood estimatorsen_US
dc.subjectReducible stochastic differential equationsen_US
dc.subjectStochastic bass innovation diffusion model (SBIDM)en_US
dc.subjectStochastic simulationen_US
dc.subjectTechnological innovation diffusionen_US
dc.titleA stochastic bass innovation diffusion model for studying the growth of electricity consumption in Greeceen_US
dc.typeArticleen_US
dc.identifier.doi10.1002/(SICI)1099-0747(199706)13:2<85::AID-ASM298>3.0.CO;2-Zen_US
dc.identifier.scopus2-s2.0-0031153551-
dcterms.accessRights0en_US
dc.relation.deptDepartment of Business Administrationen_US
dc.relation.facultySchool of Administrative, Economics and Social Sciencesen_US
dc.relation.volume13en_US
dc.relation.issue2en_US
dc.identifier.spage85en_US
dc.identifier.epage101en_US
dc.collaborationUniversity of West Attica (UNIWA)en_US
dc.journalsOpen Accessen_US
dc.publicationPeer Revieweden_US
dc.countryGreeceen_US
local.metadatastatusverifieden_US
item.fulltextNo Fulltext-
item.grantfulltextnone-
item.openairetypeArticle-
item.languageiso639-1en-
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
crisitem.author.deptDepartment of Business Administration-
crisitem.author.facultySchool of Administrative, Economics and Social Sciences-
crisitem.author.orcid0000-0003-1028-146X-
crisitem.author.parentorgSchool of Administrative, Economics and Social Sciences-
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