Mathematical modelling of motorcycle sale competition in Indonesia
Abstract
Motorbike is a means of transportation that is widely used in Indonesia and other developing countries. In this paper, we apply the Lotka-Volterra competition mathematical model to describe the dynamics of motorcycle sale competition between two motorcycle producers in Indonesia. We also estimate the parameter values of the model using the particle swarm optimization method. We found that the mathematical model quite well to explain the annual motorcycle sales of both companies. The results of the model analysis show that the competition between the two motorcycle producers is pure competition, with the first producer dominates market share of motorcycle selling in Indonesia.
- Published
- 20 January 2021
- Volume
- 2021 (2021)
- License
- CC BY 3.0
Copyright © 2021 Windarto -, Eridani -. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Cite this article
W. -, E. -, Mathematical modelling of motorcycle sale competition in Indonesia, Commun. Math. Biol. Neurosci. 2021 (2021), 8. https://doi.org/10.28919/cmbn/5309
BibTeX
@article{-2021,
author = {-, Windarto and -, Eridani},
title = {Mathematical modelling of motorcycle sale competition in Indonesia},
journal = {Commun. Math. Biol. Neurosci.},
volume = {2021},
year = {2021},
pages = {8},
doi = {10.28919/cmbn/5309}
}