room treatment would apparently be one of those areas where 'art meets science'.
To get a definite answer is quite impossible. You don't know everything you'd need to know and I doubt anyone knows how it all works to get a 'DO THIS' to get THAT result kind of answer.
That there are general principles and a lot of knowns is a YES. That an equation or simple system approach will hit the 'bullseye' is probably NO.
Even designing a large concert hall or recital hall from scratch will require a bit of fine-tuning when it's done. To do a retro on an existing space, I'm thinking, would be more difficult. These guys use extensive computer modeling and have complete design and materials control....from first shovelfull of dirt to the last dab of paint.
Another helpful group is Rives Audio.
http://www.rivesaudio.com/home/home.html
My connection to Rives? I bought a calibration CD from them. It is matched to the RadioShackup analogue SPL meter.