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Model of Benchmarking for Development of Firm's Competitive Advantage to Improve Economic Growth in Cities
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Author(s): Vardan Mkrttchian (HHH University, Australia & International University in Moscow, Russia), Andrey Berezin (HHH University, Russia), Artyom Andreevich Berezin (Penza State University, Russia), Svetlana Veretekhina (Russian State Social University, Russia), Alexander Bershadsky (Penza State University, Russia)and Irina Potapova (Astrakhan State University, Russia)
Copyright: 2019
Pages: 23
Source title:
Optimizing Regional Development Through Transformative Urbanization
Source Author(s)/Editor(s): Umar G. Benna (Benna Associates, Nigeria)
DOI: 10.4018/978-1-5225-5448-6.ch006
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Abstract
The chapter deals with the problems of digital modeling and the study of the interaction of the companies competing within the framework of bench-marking process for working out the strategy of effective increasing competitiveness that is advantageous for the urban economic growth. The companies are considered in the organizational field, representing iterative aggregate system of a big order with a nonlinear feedback where the order is defined by the number of differential equations. The system is described by coupled Van Der Pol differential equations with random right parts and a time lag. The model is built on the example of the market interaction of the two largest retailer networks. The developed model shows the mechanism of competition of the companies' pairs which are suggested to be investigated within the framework of the bench-marking concept.
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