JOURNAL ARTICLE

OPTIMIZING MARKETING BUDGET ALLOCATION USING AI

Jo'rabova, Dilshoda

Year: 2023 Journal:   Zenodo (CERN European Organization for Nuclear Research)   Publisher: European Organization for Nuclear Research

Abstract

The article discusses modern approaches to the optimal distribution of a company's marketing budget using artificial intelligence. The necessity of using algorithmic forecasting methods to take into account various factors affecting the efficiency of spending is substantiated. A methodology is proposed for determining the best budget division by communication channels, product groups and target audiences, taking into account historical data and current market conditions. A budget planning model developed on this basis using neural network algorithms is described.

Keywords:
Division (mathematics) Product (mathematics) Artificial neural network Budget constraint Distribution (mathematics) Basis (linear algebra)

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Topics

Economic and Technological Systems Analysis
Social Sciences →  Business, Management and Accounting →  Management of Technology and Innovation
Forecasting Techniques and Applications
Social Sciences →  Decision Sciences →  Management Science and Operations Research
Digital Economy and Transformation
Social Sciences →  Business, Management and Accounting →  Strategy and Management

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