Page 18 - Steel Tech India eMagazine Volume January 2023
P. 18
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that when barriers decrease, [i.e from situation-1 to +\SRWKHVLV 7HVWL¿HG )URP HTXDWLRQ LW LV HYLGHQW WKDW
situation-2], (Q -Q 57 LV SRVLWLYH 7KLV LQGLFDWHV WKDW when EDB parameters increase, [i.e from situation-1 to
1 2
when barriers decrease, the number of competitors situation-2, T > T @ FOHDUO\ 4 5 7 7 ) is positive
increase as K works out to be greater than K . Hence, 2 1 1 2
2 1 and hence K > K . Hence, the hypothesis H0 that with
the hypothesis H0 that with decrease in barriers, the 2 1
QXPEHU RI FRPSHWLWRUV LQFUHDVHV LV WHVWL¿HG increase in EDB parameters, the number of competitors
LQFUHDVHV LV WHVWL¿HG $OVR RQH FDQ YHU\ ZHOO VHQVH
)XUWKHU GLႇHUHQWLDWLQJ K w. r. t. T, (i.e. rate of change in
number of competitors due to EDB parameters, we get, degree of competitiveness or degree of challenges
when the scenario changes from existing situation
K = Ae 4 57 …………….(1)
(situation -1) to new situation (situation-2)
2U G. G7 >$ [^ G H 4 57 G 4 57 } ] x [d 4 57 G7 @
Conclusion: (TXDWLRQ DQG HTXDWLRQ WHVWL¿HV
2U G. G7 >$H 4 57 @ ; > 4 57 @
the universal hypothesis H0, that when barriers
2U G. G7 $H 4 57 ; 4 57
decrease and EDB parameters increase, the number of
2U G. G7 . [ 4 57 ), as K = Ae 4 57
2
competitors increases, provided other market conditions
6ROYLQJ WKH GLႇHUHQWLDO HTXDWLRQ and operating parameters remains unaltered.
G. . 4 57 ) dT
2
Reference:
2U >/Q .@ > 4 57 @ ZKHUH . YDULHV IURP . to K and
1 2
T varies from T to T Chatterjee, Dr. P. K. and Chatterjee P.P., (2019),
1 2
Or, Ln K – Ln K 4 5 > 7 7 )] Marketing of Engineering Consultancy Services: A
2 1 1 2
Global Perspective, American Society of Mechanical
Or, Ln (K . 4 5 > 7 ± 7 )]
2 1 1 2
Engineers, January, New York, USA.
Or, K = K H>4 5 ^ 7 ± 7 )}] ……………….. (8)
2 1 1 2
'U 3UDGHHS .XPDU &KDWWHUMHH $GYLVRU *UHHQ 0DQDJHPHQW 81 DOLJQHG (VSRR
FINLAND and Former Chief General Manager, MECON Ltd., Ranchi, INDIA
Email: ckpradeep61@gmail.com
(Views expressed are author’s own)
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