Chapter

Computational Methods in Decision-Making, Economics and Finance

Volume 74 of the series Applied Optimization pp 525-539

Mathematical Model of Technology Diffusion in Developing Countries

  • Ding ZhangAffiliated withSchool of Business, State University of New York at Oswego
  • , Alfred NtokoAffiliated withSchool of Business, State University of New York at Oswego
  • , June DongAffiliated withDepartment of Mangement, The Hong Kong Polytechnic UniversityDepartment of Marketing & Management School of Business, State University of New York

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Abstract

Diffusion of technology in developing countries from macro-economic and macro-marketing perspectives is studied. The interest is to investigate the enabling environmental factors that are essential to bring forth a successful diffusion of technology. These factors may include a competitive backbone, a social backbone, and a technological backbone. A system of ordinary differential equations is proposed to model the process of co-diffusion of a class of dependent technologies in a social economic environment which includes such variables as political concerns, social responses, cultural compatibility, and existing technologies. A numerical example is presented to illustrate how the model may be implemented.

Keywords

co-diffusion process social economic environment dependent technologies