A linguistic decision model for promotion mix management solved with genetic algorithms

  • Authors:
  • F. Herrera;E. López;M. A. Rodríguez

  • Affiliations:
  • Department of Computer Science and Artificial Intelligence, ETS de Ingeniera Informatica, University of Granada, 18071 Granada, Spain;Department of Economy and Business Management, University of León, 24071-León, Spain;Department of Economy and Business Management, University of León, 24071-León, Spain

  • Venue:
  • Fuzzy Sets and Systems - Special issue: Soft decision analysis
  • Year:
  • 2002

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Abstract

Promotion activities are those marketing tools that have a fast and direct impact in the target market. Due to this fact, the selection of such activities is an important decision. This contribution attempts to devise a decision process for this problem in conditions of uncertainty, supplying a linguistic decision model for evaluating the satisfaction of the objectives by the potential solutions. The process uses a genetic algorithm to find a good solution in promotion selection, such that it will both accomplish the communication objectives of the company and minimise the invested amount.