Research Article

Optimal Advertising Budget Allocation across Markets with Different Goals and Various Constraints

Table 1

Explanations of notations used in this paper.

NotationExplanation

Time
The rate of sales at time
The rate of advertising expenditure
Sales decay constant
Saturation level
Response constant
Advertising expenditure
The total sales in the period
The expected level of market share
Net profit per unit before the advertising campaign
The set of all the new markets