Available advertising budget
Cost of ad space
Ad space availability
Cost per unit of ad space
Expected reach of each ad
Expected Conversion Rate of each ad
The model uses this information to maximise the number of leads while minimising the associated costs, and doing so within the given budget.
Given the varying available ad space, costs per unit, reach and conversion rate; it is difficult to identify the relative value of each ad agency. This model identifies the highest value ad agencies and prescribes which ads to purchase within the given budget.