The Gompertz Function And Its Applications In Management

• Authors: Grzegorz Rządkowski , Iwona Głażewska , Katarzyna Sawińska
• Languages of publication: EN

Abstracts

EN

In the present paper, we investigate the Gompertz function, which is commonly used, mostly as diffusion model, in economics and management. Our approach is based on indicating in a given time series, presumably with a Gompertz trend, some characteristic points corresponding to zeroes of successive derivatives of this function. This allows us to predict the saturation level of a phenomenon under investigation, by using only the early values of the time series. We also give an example of applications of this method.

Keywords

EN

Gompertz function; time series; Stirling number of the II kind; mathematical model

• Publisher: Sciendo
• Journal: Foundations of Management
• Year: 2015
• Volume: 7
• Issue: 1
• Pages: 185-190

Dates

published

2015-06-01

online

2016-01-06

Contributors

author

Grzegorz Rządkowski

• Faculty of Management, Warsaw University of Technology, Warsaw, Poland

author

Iwona Głażewska

• Faculty of Management, Warsaw University of Technology, Warsaw, Poland

author

Katarzyna Sawińska

• Faculty of Management, Warsaw University of Technology, Warsaw, Poland

References

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Identifiers

DOI

10.1515/fman-2015-0035