Project #93861 - Modeling and Simulation 6

A company named ABPros, a global company offers smart home products, is considering to penetrate the market in the city of Knoxville, TN. Please build an agent-based simulation model to help the company decide the market potential.

A one-year long campaign is planned. The effectiveness ratio is estimated as 0.0013. The word-of-mouth effect is estimated at about 10 contacts per day, with a conversion ratio of 0.0012. The churn rate (the percentage rate at which users stop subscribing ABPros products) is estimated to be 0.001. It takes about 1 to 14 days to install the technology, with an average of 3 days. Customers are impatient - if one cannot have his/her smart system installed soon (if the delay goes beyond between 3 to 7 days), he/she will request the service not to be installed.

Assume a population size of 50,000. Make a plot of number of users converted as 365 days. Use random seed 1. Display number of potential users, customers, and "thinkers - plan to subscribe" over time.

Subject Mathematics
Due By (Pacific Time) 11/21/2015 11:59 pm
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