Dynamics Analysis of a Mathematical Model for New Product Innovation Diffusion

Table 1

Meaning of the parameters.

Parameters	Meaning
	Recruitment rate of the population that will join the nonadopter class
	Potential adopters need some time to consider accepting or rejecting the new product
	Rate of valid contacts between the adopters at time and those at time
	Contact rate
	Half saturation coefficient
	Death rate
	Percentage of persons who decide not to adopt the technology after they have evaluated it