PROBLEMS OF OPTIMIZATION OF PLANNING ADVERTISING COMMUNICATIONS OF THE ENTERPRISE

  • O. Shcherbina Vasyl' Stus Donetsk National University
  • А. Holovan’ Vasyl' Stus Donetsk National University
Keywords: optimization, planning, advertising communications, advertising budget, media planning, enterprise

Abstract

The article discusses the main problems that arise in the process of optimizing the planning of advertising communications of an enterprise. The purpose of this article is to analyze and justify the existing approaches to optimizing the media planning of the enterprise. This study was conducted using methods such as analysis, systematization, comparison, and generalization. The approaches that allow optimal distribution of the advertising budget among various media during the company's advertising campaign are investigated. S. Dynchev, V. Cherevko propose an approach to optimizing the distribution of the budget among advertising carriers, in which it is proposed to use a function that maximizes sales in the target market segment as a criterion for the optimality of the advertising materials placement plan. The target function proposed by V. Demyanenko and S. Potapenko involves summing up the income from the possible use of each of the media (considering the risk of losing the investment in advertising on this media) and determining such a set of them that maximizes the total profit from the advertising campaign. Another mathematical model for optimizing the distribution of advertising budget funds was proposed by E. Raevneva and K. Toneva, who propose a search for the optimal solution using linear programming methods. The article identifies the advantages and disadvantages of all the presented methodological approaches. The reasons for the differences in the methodological approaches proposed by domestic scientists to optimize the media planning of enterprises, as well as the need to further improve these approaches to improve the efficiency of the advertising communications process are analyzed. The results of the analysis of each method can be used in enterprises that set the task of optimally using advertising budget funds during media planning and advertising campaigns.

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Published
2018-12-28
How to Cite
Shcherbina, O., & Holovan’А. (2018). PROBLEMS OF OPTIMIZATION OF PLANNING ADVERTISING COMMUNICATIONS OF THE ENTERPRISE. Entrepreneurship and Innovation, (6), 48-52. Retrieved from http://ei-journal.in.ua/index.php/journal/article/view/145
Section
Theoretical and empirical research