Bookcover of An Application Of Branching Process in Multi Level Marketing(MLM)
Booktitle:

An Application Of Branching Process in Multi Level Marketing(MLM)

Branching process in MLM and comparison with other stochastic Model

LAP LAMBERT Academic Publishing (2013-09-15 )

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ISBN-13:

978-3-659-44547-7

ISBN-10:
3659445479
EAN:
9783659445477
Book language:
English
Blurb/Shorttext:
Multi Level Marketing (MLM) is a Business opportunity that is known to all over the world. MLM Company plays an important role directly or indirectly in our economy. Performance of MLM companies can be explained by stochastic Modeling. So to construct a complete picture of MLM Companies activities in terms of their earning pattern and distributor enrollment in their business we have to explore stochastic modeling. For this perspective this book concerned with the Branching Process to see the distribution of down line distributors and the probability of ultimate extinction. This book also linked up with the Markov Chain Estimation for establishing the profit of MLM Company. In this book try to show a comparison between Markov Chain Estimation using Monte Carlo simulation and Markov Chain Estimation using MCMC simulation. Finally make a conclusion about the taking decision of a distributor or a new investor for the investment of capital into a right company.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Md. Murad Hossain, Rumana Rois
Number of pages:
108
Published on:
2013-09-15
Stock:
Available
Category:
Theory of probability, stochastics, mathematical statistics
Price:
49.90 €
Keywords:
Monte Carlo Simulation, Markov Chain, Branching Process, Transition Probability Matrix, MCMC simulation, Ultimate Extinction, Metropolis Hasting Algorithm, Long run probabilities, Kolmogrov Smirnov Goodness of Fit test.

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