Research Article
Optimal Advertising Budget Allocation across Markets with Different Goals and Various Constraints
Table 1
Explanations of notations used in this paper.
| Notation | Explanation |
| | 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 |
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