• DocumentCode
    496378
  • Title

    Parameter Optimization and Simulation in Implementing Integrated Marketing Communications

  • Author

    Wang, Qiwan

  • Author_Institution
    Sch. of Manage., Xuzhou Inst. of Technol., Xuzhou, China
  • Volume
    1
  • fYear
    2009
  • fDate
    24-26 April 2009
  • Firstpage
    949
  • Lastpage
    952
  • Abstract
    This paper is aimed at applying genetic algorithm to solve the optimization problem of resources investment ratio in the integrated marketing communications process. In order to achieve benefits optimization, it is advisable to allocate invested resources to various marketing communications. This is a process of optimization decision-making. In the process, to achieve optimal benefits, a parameter optimization model of integrated marketing communications is firstly established with marketing demands, resources allocation and propagation ability as its constraint condition. Then, an optimal result is intended to obtain by selection, crossover and mutation of genetic algorithm. In selection operation, conditioned optimal retention strategy is applied; in crossover operation, lineal crossing is applied; in mutation operation, crossover probability and mutation probability are dynamically adjusted. The simulation result indicates that the growth rate of total utility after optimization has reached 24.06%, and a parameter optimization in IMC has been achieved. As a result, it provides strong decision support for the implementation of marketing communications.
  • Keywords
    decision support systems; genetic algorithms; marketing; optimisation; parameter estimation; resource allocation; genetic algorithm; integrated marketing communications; optimal retention strategy; optimization decision making; parameter optimization; parameter simulation; resources investment ratio; Advertising; Computational Intelligence Society; Computational modeling; Conference management; Constraint optimization; Genetic algorithms; Genetic mutations; Planning; Public relations; Resource management; Integrated Marketing Communications; genetic algorithm; optimization; parameter;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Computational Sciences and Optimization, 2009. CSO 2009. International Joint Conference on
  • Conference_Location
    Sanya, Hainan
  • Print_ISBN
    978-0-7695-3605-7
  • Type

    conf

  • DOI
    10.1109/CSO.2009.318
  • Filename
    5193850