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A Mathematical Approach to Neuromarketing: A Weapon – Target Assignment Model

Author

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  • Onur Onay

Abstract

This study developed a nonlinear mathematical optimization model. The aim of the study is to look neuromarketing from a mathematical perspective. The model originates from the wellknown weapon target assignment problem in military operations research. This study proposes that the model can be properly adapted to neuroscience and business applications. The objective of the model is maximizing the total expected satisfaction ratio of people by understanding the functioning of their brain activities under neuroscientific and budget constraints. The recipe is applied to neuromarketing by a hypothetical example which is solved by MS Excel’s Solver.

Suggested Citation

  • Onur Onay, 2016. "A Mathematical Approach to Neuromarketing: A Weapon – Target Assignment Model," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(1), pages 164-173, January.
  • Handle: RePEc:hur:ijarbs:v:6:y:2016:i:1:p:164-173
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    Citations

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    Cited by:

    1. Afshan Naseem & Shoab Ahmed Khan & Asad Waqar Malik, 2017. "A real-time man-in-loop threat evaluation and resource assignment in defense," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(6), pages 725-738, June.

    More about this item

    Keywords

    Neuromarketing; Neuroscience; Weapon target assignment problem; Nonlinear programming; Military Operations research;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • D87 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Neuroeconomics

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