| computeOptimalPrice {WordOfMouth} | R Documentation |
Computes the profit-maximizing price
Description
Computes the profit-maximizing for a given Word-of-Mouth campaign.
Usage
computeOptimalPrice(campaign)
Arguments
campaign |
Word-of-Mouth campaign as instance of class |
Value
Profit-maximizing price in [0; 1] where 0 is the lowest possible and 1 is the highest possible price.
Author(s)
Michael Scholz michael.scholz@th-deg.de
Thomas Woehner Thomas.Woehner@eah-jena.de
Ralf Peters ralf.peters@wiwi.uni-halle.de
See Also
computeDemand computeProfit computeConsumerSurplus
Examples
network <- new("WoMNetwork", size = 1000, avgConnections = 5)
campaign <- new("WoMCampaign", network = network, seedingSize = 10, forwardProbability = 0.2)
price <- computeOptimalPrice(campaign)
profit <- computeProfit(campaign, price)
print(price)
print(profit)
[Package WordOfMouth version 1.1.0 Index]