Tag: Data-Driven Pricing

Transportation officials give “dynamic tolling” a stab at improving Colorado’s worsening traffic problem along U.S. 36, I-25 | The Denver Post

Transportation officials give “dynamic tolling” a stab at improving Colorado’s worsening traffic problem along U.S. 36, I-25 | The Denver Post

On Wednesday, the CDOT tolling authority board voted to begin a trial run of new roadway technology to monitor road conditions on U.S. 36 and a small portion of I-25 in downtown Denver starting this fall, with the hopes that it will get a permanent nod by 2020. Dynamic tolling, which will be used alongside […]

66 Express Lanes collect more than $6 million in tolls during first 4 months of operations | The Washington Post

66 Express Lanes collect more than $6 million in tolls during first 4 months of operations | The Washington Post

The peak-direction, rush-hour toll lanes operate on a dynamic pricing system, meaning the toll fluctuates based on demand, traffic and speed. There were about 13,656 vehicle trips per day eastbound between 5:30 and 9:30 a.m., and 16,447 vehicle trips per day westbound between 3 and 7 p.m., according to VDOT’s latest performance report. Nearly 44 percent of […]

How Do You Predict Demand and Set Prices For Products Never Sold Before? | Harvard Business School

How Do You Predict Demand and Set Prices For Products Never Sold Before? | Harvard Business School

How can a retailer use its own data to determine what to charge for its products on a day-to-day basis? Kris Ferreira explains the value of data-driven-pricing How can a retailer use its own data to determine what to charge for products it has never sold before? That’s a question Kris Ferreira considered during a […]

UTA research could help transportation agencies determine best toll price | EurekAlert! Science News

UTA research could help transportation agencies determine best toll price | EurekAlert! Science News

Mahmut Yasar, a UTA associate professor of economics, will assist with economic analysis of the data. “Using discrete choice or probability models to estimate the determinants of demand for managed lanes and obtain an optimal pricing scheme would be useful,” Yasar said. “In particular, a dynamic pricing, where the users are charged depending on the […]

The pricing renaissance: New ways to reduce risk and unlock value | McKinsey on Marketing & Sales

The pricing renaissance: New ways to reduce risk and unlock value | McKinsey on Marketing & Sales

Pricing always involves risk and uncertainty. You make the best decision you can, but you can’t tell how it will play out until you put your price in front of customers and see how they react. That’s true whether you are changing list prices, adjusting discounts, altering your negotiating posture, or introducing a new pricing […]

Pricing News Daily > 11/5/14

Pricing News Daily > 11/5/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Wiser Wiser provides a complete suite of solutions to give retailers, brands, and manufacturers the edge to stay both competitive and most […]

Tesco’s Downfall Is a Warning to Data-Driven Retailers | Harvard Business Review

Tesco’s Downfall Is a Warning to Data-Driven Retailers | Harvard Business Review

What the heck happened to Tesco? Many analysts and unhappy investors point to Tesco’s ill-fated Fresh & Easy convenience store foray in America just as the global financial crisis kicked in. The failed expansion effort ultimately led to write-downs topping $3 billion. At the same time, dramatically increased price competition by discounters such as Aldi severely undercut […]

Pricing News Daily > 3/6/14

Pricing News Daily > 3/6/14

Top Headlines Steve Ballmer’s Advice for Startups [‘price’ is really, really important] | thenextweb.com Create A Win Win Situation For Your Startup By Using Coupons | entrepreneursky.com SME Masterclass: How to price your product or service | Telegraph Realizing Success by Developing Your Market and Data-Driven Pricing Strategy | BMA Chicago How Does Perception Drive […]