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Media selection via multiple objective integer programming
Affiliation:1. Research Institute for Interdisciplinary Sciences, School of Information Management and Engineering, Shanghai University of Finance and Economics, Shanghai, China;2. Department of Systems Engineering and Engineering Management, The Chinese University of Hong Kong, Shatin, NT, Hong Kong
Abstract:
Multiple Objective Integer Linear Programming (MOILP) is presented as an aid to media selection. A MOILP analysis approach recognizes the lack of infinite division in media choices and provides the decisionmaker with an efficient set of alternatives. The decisionmaker may then utilize non-quantifiable criteria to make the final media selection or may use the efficient set developed by the MOILP procedure as a screening mechanism. These screened solutions would then be submitted to further analysis to consider interaction effects, non-linearity and so on. The approach is outlined and an illustrative example using somewhat standard data is provided.
Keywords:
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