%0 Journal Article
%T An economic group model for innovation diffusion of new product with delay of adoption for low income group
%J Journal of Mathematical Modeling
%I University of Guilan
%Z 2345-394X
%A Tuli, Rishi
%A Dhar, Joydip
%A Bhatti, Harbax
%D 2019
%\ 03/01/2019
%V 7
%N 1
%P 117-132
%! An economic group model for innovation diffusion of new product with delay of adoption for low income group
%K Boundedness
%K positivity
%K delay
%K Hopf bifurcation
%K sensitivity analysis
%R 10.22124/jmm.2018.10330.1155
%X In this paper, an economic group delay model is established. Dynamical behavior and Basic influence number of the proposed system are studied. Asymptotic stability analysis is carried out for the steady-states. The critical value of the delay $tau$ is determined. It is observed that for the interior steady-state remains stable if the adoption delay for the low-income group is less than the threshold value, i.e., $tau