Viral marketing as epidemiological model
Conference object, Preprint
Rodrigues, Helena Sofia
Fonseca, Manuel José
- Publisher: CMMSE
Numerical simulations | Viral marketing | Computer Science - Social and Information Networks | Physics - Physics and Society | Recovery rate | Epidemiological model | 34A34, 92D30, 91F99 | Infectivity | Seed population | Word-of-mouth
mesheuropmc: health care economics and organizations
In epidemiology, an epidemic is defined as the spread of an infectious disease to a large number of people in a given population within a short period of time. In the marketing context, a message is viral when it is broadly sent and received by the target market through person-to-person transmission. This specific marketing communication strategy is commonly referred as viral marketing. Due to this similarity between an epidemic and the viral marketing process and because the understanding of the critical factors to this communications strategy effectiveness remain largely unknown, the mathematical models in epidemiology are presented in this marketing specific field. In this paper, an epidemiological model SIR (Susceptible- Infected-Recovered) to study the effects of a viral marketing strategy is presented. It is made a comparison between the disease parameters and the marketing application, and simulations using the Matlab software are performed. Finally, some conclusions are given and their marketing implications are exposed: interactions across the parameters are found that appear to suggest some recommendations to marketers, as the profitability of the investment or the need to improve the targeting criteria of the communications campaigns.