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Simulation of Marketing Mix – Placement of Business

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Presentation on theme: "Simulation of Marketing Mix – Placement of Business"— Presentation transcript:

1 Simulation of Marketing Mix – Placement of Business
Mendel Chen TJHSST Computer Systems Lab Senior Research Project 1

2 Abstract Purpose: to create a program that finds the optimal location of a business given competition and ease of access to customers Methods: Marketing mix Distribution channels Heuristic Language: Java/Python 2

3 Background Flaws of previous models Location problems
Flexible heuristic Maximizing profit and market share Factors Economic variables Marketing mix Ceteris Paribus 3

4 Discussion Fluid heuristic Adjustable weighting
Multiple variables/inputs Testing through previous businesses models 4

5 Goals Third Quarter Local business finder Fine tuning of heuristic
Testing for multiple applications Improved run time Adjustable heuristic Long Run More variables (possibly outside distribution channel) Higher accuracy 5

6 Current Results GUI (shown below) Raw data processors Basic heuristic
Checks density of neighboring pixels and checks the distance Coordinate system Output image 6

7 Map displayed on GUI with marked optimal point
Raw population density map Optimum location was calculated to be at Image is 780 x 780 pixels so the row is /780 = Column is – 780 * 369 = Heuristic value is 849,841. 7


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