<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

The Gompertz Function And Its Applications In Management

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

Foundations of Management

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The Gompertz Function And Its Applications In Management"}

In the present paper, we investigate the Gompertz function, which is commonly used, mostly as diffusion model, in economics and management. Our approach is...

The Gompertz Function And Its Applications In Management

Published Online: Jan 06, 2016

Page range: 185 - 190

DOI: https://doi.org/10.1515/fman-2015-0035

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

© 2015 Faculty of Management, Warsaw University of Technology

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Gompertz Function And Its Applications In Management

Published Online: Jan 06, 2016

Page range: 185 - 190

DOI: https://doi.org/10.1515/fman-2015-0035

KeywordsGompertz function, time series, Stirling number of the II kind, mathematical model

© 2015 Faculty of Management, Warsaw University of Technology

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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