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Tag: Dynamic Pricing

Surge pricing, please don’t turn into a scourge | The New Paper

Surge pricing, please don’t turn into a scourge | The New Paper

Dynamic pricing for taxis may lead to fewer cabbies plying the road for flag-down customers So it looks like nothing is standing in the way of taxi companies imposing their version of “surge pricing” on customers. Last Friday, the Public Transport Council (PTC) and the Land Transport Authority (LTA) issued a statement saying they had […]

No surge pricing now, but a flat-fare structure similar to metered fares soon: ComfortDelGro, Transport | THE BUSINESS TIMES

No surge pricing now, but a flat-fare structure similar to metered fares soon: ComfortDelGro, Transport | THE BUSINESS TIMES

THERE will be no surge pricing for now, but a flat-fare option based on current fare structures will be introduced in two to three weeks’ time for the mobile app users of Singapore’s largest taxi company, ComfortDelGro. This comes even as Singapore’s third-largest taxi company, SMRT, said that it will be introducing surge pricing, which […]

“Dynamic Pricing” System for Taxis | REACH

“Dynamic Pricing” System for Taxis | REACH

The Land Transport Authority (LTA) and Public Transport Council (PTC) in a joint statement today (17 Mar) announced that taxi companies will be implementing a new “dynamic pricing” system (i.e. surge pricing) in which fares will vary according to passenger demand. The proposal for such a system was put forth by cab operators. This new […]

Dynamic-pricing option for taxi operators approved | TODAYonline

Dynamic-pricing option for taxi operators approved | TODAYonline

The new surge pricing model will complement the existing metered-fare model for commuters SINGAPORE — Paving the way for a sea change in how demand for taxis will be met during peak hours, the Public Transport Council (PTC) and Land Transport Authority (LTA) on Friday (March 17) gave several traditional taxi operators the green light […]

Solving Regional Traffic Congestion Through Pricing | Reason Foundation

Solving Regional Traffic Congestion Through Pricing | Reason Foundation

Under our current system, motorists can drive as much as they want with the price of gasoline as the only limiting factor. Our roads operate as an all you can eat buffet, not as a properly priced scarce public good. Government transportation agencies may invest in added lanes, or dream up hypothetical solutions such as a […]

No surging towards dynamic pricing | The Straits Times

No surging towards dynamic pricing | The Straits Times

The surge of interest in dynamic pricing among taxi operators is a natural response to the growing competition from private-hire cars. Transport network companies based on technology, like Uber and Grab, have changed the game by taking cheaper fares during off-peak hours and higher fares when demand exceeds supply, for example during the rush hour. […]

Surge Pricing: Is It Right for Tax and Accounting Firms | CPA Practice Advisor

Surge Pricing: Is It Right for Tax and Accounting Firms | CPA Practice Advisor

Surge pricing: Some call it price gouging, others call it the price of convenience. Still others just call it supply and demand. If you’ve used Uber or one of its competitors in a large city, particularly during peak traffic hours or during special events, you’ve likely paid what is known as surge pricing. But Uber […]

The Relentless Quest For Low Prices | Forbes

The Relentless Quest For Low Prices | Forbes

According to PricewaterhouseCoopers’ latest report, price is the No. 1 factor that motivates purchases. Shoppers are relentless in their search for affordability, scouring the web to research and compare prices. Meanwhile, competitive pricing is unsustainable long-term as retailers compete with the flurry of new entrants in the onslaught of e-commerce disruption. Our recent retail survey found 64% […]

Older cabbies not keen on surge pricing | The New Paper

Older cabbies not keen on surge pricing | The New Paper

The likely introduction of surge pricing for taxis has not gone down well with older cabbies. Most of those who spoke to The New Paper were apprehensive about the pricing system and the technology involved. Mr Chia Chiong Soon, 70, a cabby of 20 years, said: “Why must we make things so complicated? Older people […]

Collaborative and Dynamic Pricing for Product Manufacturers | The Wiglaf Journal

Collaborative and Dynamic Pricing for Product Manufacturers | The Wiglaf Journal

Price Waterfall The price waterfall tracks pricing decisions and sources of price variance between the list price and the pocket price.  As such, it can be used to delineate not only the pricing decisions, but also the responsibilities of different agents that contribute to pricing. At a high level, we can classify price variances into […]