International Journal on Science and Technology

E-ISSN: 2229-7677     Impact Factor: 9.88

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 16 Issue 2 April-June 2025 Submit your research before last 3 days of June to publish your research paper in the issue of April-June.

A Predictive Modeling Approach to Multi-Objective Marketing Mix Optimization: Balancing Performance, Acquisition, and Efficiency

Author(s) Dhiraj Naphade
Country United States
Abstract A predictive modeling article for multi-objective marketing mix optimization is presented to address the complex challenge of budget allocation across marketing channels. This article integrates machine learning, time-series analysis, and constrained optimization techniques to develop a comprehensive framework that simultaneously optimizes customer acquisition and cost efficiency. It accounts for critical factors, including seasonality, ad stock effects, cross-channel interactions, and diminishing returns, while accommodating practical budget constraints. The proposed framework utilizes non-linear programming and genetic algorithms to dynamically adjust spending patterns according to temporal market conditions. Experimental validation demonstrates significant improvements over traditional marketing mix models, providing e-commerce businesses with a scalable and adaptable decision-making tool. Case studies illustrate practical applications across various market conditions, revealing optimal spending strategies and channel-specific allocation patterns. It bridges theoretical optimization approaches with pragmatic implementation considerations, offering marketers a robust methodology to enhance return on ad spend while maintaining strategic business objectives.
Keywords Keywords: Predictive Analytics, Budget Allocation, Machine Learning, Data Engineering, Constrained Optimization, Stock Effects, Customer Acquisition Strategy
Field Computer
Published In Volume 16, Issue 1, January-March 2025
Published On 2025-03-22
Cite This A Predictive Modeling Approach to Multi-Objective Marketing Mix Optimization: Balancing Performance, Acquisition, and Efficiency - Dhiraj Naphade - IJSAT Volume 16, Issue 1, January-March 2025. DOI 10.71097/IJSAT.v16.i1.2606
DOI https://doi.org/10.71097/IJSAT.v16.i1.2606
Short DOI https://doi.org/g892gc

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