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The Gompertz Function And Its Applications In Management

Author

Listed:
  • Rządkowski Grzegorz

    (Faculty of Management, Warsaw University of Technology, Warsaw, Poland)

  • Głażewska Iwona

    (Faculty of Management, Warsaw University of Technology, Warsaw, Poland)

  • Sawińska Katarzyna

    (Faculty of Management, Warsaw University of Technology, Warsaw, Poland)

Abstract

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.

Suggested Citation

  • Rządkowski Grzegorz & Głażewska Iwona & Sawińska Katarzyna, 2015. "The Gompertz Function And Its Applications In Management," Foundations of Management, Sciendo, vol. 7(1), pages 185-190, June.
    • Handle: RePEc:vrs:founma:v:7:y:2015:i:1:p:185-190:n:15
    DOI: 10.1515/fman-2015-0035
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    References listed on IDEAS

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    1. Hwang, Junseok & Cho, Youngsang & Long, Nguyen Viet, 2009. "Investigation of factors affecting the diffusion of mobile telephone services: An empirical analysis for Vietnam," Telecommunications Policy, Elsevier, vol. 33(9), pages 534-543, October.
    2. Wu, Feng-Shang & Chu, Wen-Lin, 2010. "Diffusion models of mobile telephony," Journal of Business Research, Elsevier, vol. 63(5), pages 497-501, May.
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