Pharma Marketing Model

Posted on Tue, Aug 2, 2022 Industry Note Life Science

Model 1 - penetration model

Predict NBRx volume for writers

Unit of analysis - physician week/month

Target Variable - NBRx volume

Notes

Model 2 - conversion model

Classification model for non-writer and writers - conversion model

Unit of analysis - physician week/month

Target Variable - non-writer to writer (binary variable) [0 = non-writer, 1 = writer]

Notes

Model 3 - Call plan optimization

Across different channels (calls and emails) optimize value of (hcp value) calls and emails outreach for sales team

Optimization model - mixed integer optimization problem

Scenario generation

Objective function

Non-writer: Probability of conversion x Expected NBRx volume

Writer: Expected NBRx volume