Geomarketing modeling – an analytical tool for business planning

Authors

  • Olga A. Gerasimenko Belgorod National Research University
  • Boris A. Tkhorikov Belgorod National Research University
  • Irina N. Titova Belgorod National Research University

DOI:

https://doi.org/10.18413/2687-0932-2020-47-4-710-717

Keywords:

geomarketing modeling, strategic planning, marketing planning, model, optimal location

Abstract

The article deals with the use of geomarketing modeling as a strategic tool for business planning. Foreign models of geomarketing, their advantages and disadvantages are analyzed, mathematical methods are systematized (mathematical modeling, correlation and regression analysis, factor analysis, calculus of variations, principal components, cluster method, qualimetric models) for conducting geomarketing research. The author's geomarketing model of choosing the optimal location of business objects (collection of factors of customer preferences, their significance; determining the criteria for business profitability; building the radius of potential customers and businesses; comparing data sets, a set of geographical addresses, calculating the probability of visiting an address; choosing optimal geographical locations) is proposed. multi-factor spatial arrays, the advantages of approbation and replication of the model are indicated (accuracy of calculations, consulting services, use of a software product).

Downloads

Download data is not yet available.

Author Biographies

Olga A. Gerasimenko, Belgorod National Research University

Candidate of Economics Sciences, Docent, Assistant Professor at the Department of Management and Marketing Belgorod National Research University,
Belgorod, Russia

Boris A. Tkhorikov, Belgorod National Research University

Candidate of Sociological Sciences, Docent, Head of the Department of Management and Marketing Belgorod National Research University,
Belgorod, Russia

Irina N. Titova, Belgorod National Research University

Senior Lecturer at the Department of Management and Marketing Belgorod National Research University,
Belgorod, Russia

References

Андрианов В., Леонов А., 2010. Геомаркетинг: на стыке маркетинга и географии, Маркетинг. Менеджмент, 7–8: 21–36.

Блиновская Я.Ю., Задоя Д.С., 2016. Введение в геоинформационные системы. – М.: Форум: НИЦ ИНФРА-М, 112 с.

Пустовалова Е.А., Чернов В.П., 2015. Сравнительный анализ методов размещения точки розничной сети, Современная экономика, 2 (62): 29–44.

Тхориков Б.А., Ломовцева О.А., Герасименко О.А., Саблина О.М., Титова И.Н., 2020 Геомаркетинг – новый концепт или прикладной инструмент бизнеса? Вестн. Томск. гос. ун-та. Экономика, 49: 199–213.

Allaway, A.W., Black W.C., Richard M.D., Mason J.B., 1992. Evolution of a Retail Market Area: An Event-History Model of Spatial Diffusion, Economic Geography: 23–40.

Applebaum W., 1966. Patterns of Food Distribution in a Metropolis. Chicago, Super Market Institute.

Batty M., 1978. Reilly’s Challenge: New Laws of Retail Gravitation Which Define Systems of Central Places, Environment and Planning, 10: 185–219.

Christaller W., 1967. Central Places in Southern Germany / trans. C. W. Baskin (Englewood Cliffs, NJ, 1967). First published in 1993.

Converse P.D., 1949. New Laws of Retail Gravitation, J. of Marketing,14: 94–102.

Fortheringham A.S., 1983. A New Set of Spatial Interaction Models: The Theory of Competing Destinations, Environment and Planning, 15: 15–36.

Gautschi D.A., 1981. Specification of Patronage Models for Retail Center Choice, Journal of Marketing Research, 18: 162–174.

Huff D.L., 1963. A Probabilistic Analysis of Shopping Center Trade Areas, Land Economics, 39: 81–90.

Losch A., 1954. The Economics of Location. 2nd edn. trans W.H. Woglom with the assistance of W.F. Stolpen (New Haven, CT, 1954). First published in 1940.

Luce R., 1959. Individual Choice Behaviour. N.Y.

McFadden D., 1974. Conditional Logit Analysis of Qualitative Choice Behavior, Frontiers in Econometrics / ed. P. Zarembka. N.Y.: 105–142.

Nakanishi M., Cooper L.G., 1974. Parameter Estimate for multiplicative Interactive Choice Model: Least Squares Approach, J. of Marketing Research, 11: 303–311.

Reilly W.J., 1931. The law of Retail Gravitation. N.Y.

Rust R.T., Donthu N., 1995. Capturing Geographically Localized Misspecification Error in Retail Store Choice Models, J. of Marketing Research, XXXII: 103–110.

Sullivan M., Adcock D. Retail marketing. London, Thomson.

Share

Published

2021-03-11

How to Cite

Gerasimenko, O. A., Tkhorikov, B. A., & Titova, I. N. (2021). Geomarketing modeling – an analytical tool for business planning. Economics. Information Technologies, 47(4), 710-717. https://doi.org/10.18413/2687-0932-2020-47-4-710-717

Issue

Section

INVESTMENT AND INNOVATIONS

Most read articles by the same author(s)