An enhanced application of Lotka–Volterra model to forecast the sales of two competing retail formats

Evolving competition between low-cost carriers and full-service carriers: The case of South Korea

“…Recently, the LV model has caught the attention of several researchers and has been used in a variety of non-ecological contexts. Examples include better forecasting of mobile phone services in a saturated competitive environment as compared to bass model (Chang, Li & Kim, 2014), sales forecasting (Hung et al, 2017), and modelling of cancer growth in the healthcare sector (Tannenbaum et al, 2018). The following applications of the model are relevant to our study.…”

Evaluating the symbiosis status of tourist towns: The case of Guizhou Province, China

“…The Lotka-Volterra model is widely used for studying interspecific competition (e.g. Chiang, 2012;Hung et al, 2017;Kreng & Wang, 2009;Lee, Lee, & Oh, 2005;Watanabe, Kondo, & Nagamatsu, 2003). The model focuses on the competition between two or more well as the symbiotic and parasitic relations among species (Bazykin, 1998).…”

“…These "species" can be any competing entities in a business ecosystem. For example, researchers have used the model to examine two enterprises (Wei et al, 2017); two semiconductor products (Chiang, 2012); two technological types of TV (Kreng & Wang, 2009); two TV broadcasting formats (Watanabe et al, 2003); two competing retail formats (Hung et al, 2017); two smartphone operating systems (Tseng, Liu & Wu, 2014) ; two competing stock exchange markets (Lee et al, 2005); two competing industries such as the coal versus electricity industries (Herui, Xu, and Yuqi, 2015) and the TV versus smartphone industries (Wang and Wang, 2016); or two competing social economic variables, such as: research and development investment versus gross domestic product, fixed assets investment versus consumer price index, and energy consumption versus gross domestic product (Wu, Liu, and Wang, 2012).…”

“…The social economic development of the human society resembles that of the biological system, and concepts and theories rooted in the biological science have been adopted to examine the socio-economics phenomena (Hung et al 2017;Wei et al, 2017). Many terms in biology are commonplace in tourism research, such as tourism "life cycle", smart tourism "ecosystem", and others.…”

Has the iPhone cannibalized the iPad? An asymmetric competition model

“…This model is derived as a special case of the Lotka‐Volterra with churn model, LVch, proposed by Reference . Lotka‐Volterra equations have been widely used to model technological competition: from the first works applying the famous predator‐prey relationship to technologies, the contributions have recently been expanded to explore the competitive dynamics in innovative markets by employing Lotka‐Volterra models, or by developing related mathematical models …”