
List Testing Exercise: Economic Selectio...
Pfeifer, Phillip E...
List Testing Exercise: Economic Selection (SIMULATION)
M-0870 | Published December 10, 2015 | 0 pages. Simulation
Collection: Darden School of Business
Product Details
This web-based exercise simulates the common direct mail practice of testing a random sample of names from a rented list in order to decide whether to rent (and roll out) the entire list. Students must decide how many names to test and how many rounds of testing to conduct before making the rollout decision. The objective for each student team is to maximize the profit of a direct mail piece sent to 10 lists of unknown potential. Actual response rates for the 10 lists are used to simulate responses from any random sample of names. An interactive website manages the exercise on the Forio simulation platform, and provides students with a user guide (UVA-M-0870H). Contact Darden Business Publishing for a demonstration and further details.
0
Products To Upsell

Global Medical Imaging, LLC
Hess, Edward D.; G...

Enchanting Travels
Hess, Edward D.; M...

Better World Books
Hess, Edward D.; G...

Valuation of "Plain-Vanilla" Interest-Ra...
Conroy, Robert M.;...

FindingFIT
Clawson, James G.

List Testing Exercise: Economic Selectio...
Pfeifer, Phillip E...

An Introduction to Case Teaching (Part 1...
Clawson, James G.

What Is Giving Voice to Values? (VIDEO)
Gentile, Mary

Giving Voice to Values: An Educators' Pr...
DARDEN, Darden

Digital Marketing Simulation: Media Attr...
Venkatesan, Rajkum...

Dr. Bronner's: Do Psychedelics Fit with ...
Freeman, R. Edward...

AMP - Strategic Innovation & Entrepreneu...
Gupta, Uday

Accounting for Owners’ Equity
Lynch, Luann J.; B...

Test Syllabus 45
Daren Business Sch...

Athlete Brands: How to Benefit from Your...
Whitler, Kimberly ...

What is Design Thinking? (VIDEO)
Liedtka, Jeanne M.

Copyright Permissions
Daren Business Sch...

Thinking Strategically About Communicati...
West, June A.

Optix Corporation
Powell, Elizabeth ...

Leaders Bank: Creating a Great Place to ...
Hess, Edward D.; G...

LG Investments, LLC: A Family Business i...
Hess, Edward D.

Finance People
Schill, Michael J.