Research
Communication | Open Access
Volume 2021 | Communication ID 111
Volume 2021 | Communication ID 111
A New Non-Homogenous Stochastic Gompertz Diffusion Process |
Nadia Makhlouki
Received |
Accepted |
Published |
May 15, 2021 |
May 31, 2021 |
July 15, 2021 |
Abstract: The Stochastic Gompertz diffusion process (SGDP) is used to model stochastic phenomena in various fields of science. The homogenous case of this process was applied, for example, in the growth of cancer cells (cf. [1]) and stock of motor vehicles in Spain (cf. [2]). However, the non-homogeneous case in which only the intrinsic growth rate in the drift is affected by exogenous factors(functions of time and some parameters) and with a constant deceleration coefficient, was applied, for example, in the price of new housing in Spain (cf. [3])and to the emission of CO2 (cf. [4]). In the present ...