Developing a fuzzy enhanced Russell measure for media selection
Nazanin Ahmady,
Reza Farzipoor Saen,
Elham Ahmady and
Amir Hossein Sadeghi
International Journal of Business Innovation and Research, 2015, vol. 9, issue 4, 470-485
Abstract:
Nowadays, companies spend a lot of money on advertising, but in many situations much of their expenditures are wasted. One of the important factors that can prevent this wasting is selecting the right media. This paper proposes a fuzzy enhanced Russell measure data envelopment analysis (FERM-DEA) model for selecting media in the presence of fuzzy data and enables the decision maker to evaluate full efficiency and compare them with each other. A numerical example validates the proposed model.
Keywords: media selection; data envelopment analysis; DEA; enhanced Russell measure; ERM; fuzzy data; full efficiency; fuzzy logic; advertising media. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbire:v:9:y:2015:i:4:p:470-485
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