Analysis of Strategic Market Management in Light of Stochastic Processes, Recurrence Relation, Abelian Group and Expectation

Abstract

This paper entails a novel approach of analysis of strategic market management based on renewal reward stochastic process. The paper has also pointed out a discovered fact that clearly infers realization of cost analysis of product revalidation in light of Brownian motion with drift. The paper indicates a rare and new concept of how can compound stochastic process be applied to sense business cost analysis. In demand–supply analysis, there lies the essence of realization of alternating renewal theory-based customer satisfaction. Furthermore, the paper also shows a novel analysis of product upgradation in light of conditional expectation and simple random walk. Facts related to recurrence relation, Abelian group and expectation indicate a non-conventional approach of business gain prediction.