Market response, dynamic

The market share curve in Figure III is only a static representation. To assess the dynamics of market penetration, a "dynamic market response curve" can be used to describe how fast the current market will move toward the static price-determined market share curve as a result of real-world behavioral response. This is called the behavioral lag effect. 

The behavioral lag parameters, h and a, provide a means of quantifying the dynamic market response. A half-life of 10 years was chosen for this analysis, allowing for a maximum of 50 percent market penetration at a point 10 years from the date assumed for commercialization. The second behavioral lag parameter, a, fixes the relative shape (curvature) of the dynamic market response curve once the half-life parameter has been chosen a value of 4 was chosen for this parameter. 

To find the share of the open market captured by a new fuel in any particular year, the equilibrium market share and dynamic market response curve are multiplied. This is done on an annual basis, resulting in a dynamic market share for the new product that varies with time. The actual biomass product demand is then found as a function of time by applying the dynamic market share to estimates of the size of the market that is available to the new product. 

Behavioral lag — A means of describing the resistance of market decisionmakers to the introduction of new energy products and technologies. This concept forms the basis for the dynamic market response curve. 

Behavioral lag response parameter (a) — This variable fixes the relative shape of the dynamic market response curve for a particular market once the behavioral lag half-life has been chosen. 

Rheometric Scientific markets several devices designed for characterizing viscoelastic fluids. These instmments measure the response of a Hquid to sinusoidal oscillatory motion to determine dynamic viscosity as well as storage and loss moduH. The Rheometric Scientific line includes a fluids spectrometer (RFS-II), a dynamic spectrometer (RDS-7700 series II), and a mechanical spectrometer (RMS-800). The fluids spectrometer is designed for fairly low viscosity materials. The dynamic spectrometer can be used to test soHds, melts, and Hquids at frequencies from 10 to 500 rad/s and as a function of strain ampHtude and temperature. It is a stripped down version of the extremely versatile mechanical spectrometer, which is both a dynamic viscometer and a dynamic mechanical testing device. The RMS-800 can carry out measurements under rotational shear, oscillatory shear, torsional motion, and tension compression, as well as normal stress measurements. Step strain, creep, and creep recovery modes are also available. It is used on a wide range of materials, including adhesives, pastes, mbber, and plastics. 

Neoprene, or polychloroprene rubber (CR) was one of the very first synthetic rubbers produced. It was a material of choice for exterior applications such as profiles used in vehicles, building seals, and cables. Many more marketable products have benefited from this plastic. Except for SBR and IR, neoprene (CR) elastomers are perhaps the most rubberlike of all materials, particularly with regard to its dynamic response (Table 2.6). CRs are a family of elastomers with a property profile that approaches that of NRs (natural rubbers) but has better resistance to oils, ozone, oxidation, and flame. CRs age better and do not soften up on exposure to heat, although their high-temperature tensile strength may be lower than that of NRs. They are suitable for service at 250C (480F). 

The model was structured to simulate a single company with an initial market share of 20 percent of a typical product (again, terephthalic acid was used as the illustrative example). This company competed for market share in the troughs and for economic surplus in the peaks. In this way, the dynamics of competitive responses were captured, especially when the company attempted to expand its market share rapidly through aggressive investment. 

According to another classification, the detectors can be divided into specific, universal and mixed. For the choice of the detection method, the properties of sample and mobile phase as well as experimental requirements are decisive however, sometimes several types of instruments based on the same detection principle are marketed. When judging the detectors one considers primarily (i) linearity, dynamic range and sensitivity, (ii) erroneous responses like noise and drift, caused in the former by the instability of operational variables such as temperature variations, pulsating eluent flow, etc. (iii) response distortion due to hydraulic broadening and skewing of the sample zone as well as response delay. 

Competition for mass customization manufacturing is focused on the flexibility and responsiveness in order to satisfy dynamic changes of global markets. The traditional metrics of cost and quality are still necessary conditions for companies to outpace their competitors, but they are no longer the deciding factors between winners and losers. Major trends are ... 

Was Italy a case of state-sponsored industrial catching-up The developments in the chemical industry suggest that state intervention was critical at least for the rise of heavy industrial sectors. Forces behind industrialization, however, cannot be limited to Gerschenkron s triad of market, state and banks. " For example, non-state and non-market institutions, such as family relations, associations and informal networks, played essential roles in the recent development of Italy s small and medium-sized industry. What distinguishes a national course of industrialization is not so much the presence and weight of individual components, but the more or less accidental convergence of its phases with (and its dynamic response to) international Cycles of production and technical change. 

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