Serious strategy for the makers of fun: analyzing the option to switch from pay-to-play to free-to-play in a two-stage optimal control model with quadratic costs

DOI10.1016/J.EJOR.2017.11.071zbMATH Open1403.90434OpenAlexW2775230770MaRDI QIDQ723957FDOQ723957

Richard F. Hartl, Andrea Seidl, Jonathan P. Caulkins, Peter M. Kort

Publication date: 25 July 2018

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2017.11.071

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zbMATH Keywords

optimal controlhistory-dependencemulti-stage modelingOR in entertainmentvideo games business model

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Applications of optimal control and differential games (49N90)

Cites Work

• Nearest feasible paths in optimization control problems: Theory, examples, and counterexamples
• Optimal advertising policy with the contagion model
• Skiba points in free end-time problems
• Keeping Options Open: an Optimal Control Model with Trajectories That Reach a DNSS Point in Positive Time
• Optimal Control of Nonlinear Processes
• Optimal Growth with a Convex-Concave Production Function
• Title not available (Why is that?)
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• History-dependence in production-pollution-trade-off models: a multi-stage approach
• Dynamic Optimal Control Models in Advertising: Recent Developments
• Skiba points and heteroclinic bifurcations, with applications to the shallow lake system
• A survey of game-theoretic models of cooperative advertising
• Quality effects in different advertising models -- an impulse control approach
• Two-stage optimal control problems with an explicit switch point dependence. Optimality criteria and an example of delivery lags and investment
• When to make proprietary software open source
• Necessary conditions for infinite-horizon discounted two-stage optimal control problems
• Interaction of pricing, advertising and experience quality: a dynamic analysis

Cited In (4)

• Zeno points in optimal control models with endogenous regime switching
• Analysis of Optimal Control Problems for Hybrid Systems with One State Variable
• The effect of risk aversion and financing source on a supply chain of in‐app products
• Opening the source code: the threat of forking

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