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Tag: INFORMS

How Airbnb threatens to disrupt traditional hotel pricing strategies | PhocusWire

How Airbnb threatens to disrupt traditional hotel pricing strategies | PhocusWire

Since the introduction of sharing-economy services such as Airbnb, hotels have struggled with how to compete against the alternative accommodations market. Among hotels’ concerns is how Airbnb impacts their pricing and distribution strategies, which, according to new research from the Tepper School of Business at Carnegie Mellon University, might be more dramatic than hoteliers may […]

New research: Airbnb’s impact on peak-season hotel pricing | EurekAlert!

New research: Airbnb’s impact on peak-season hotel pricing | EurekAlert!

As hotels experience increased pressure from the growth of hosting sites such as Airbnb, new research from the Tepper School of Business proposes strategies for hotels to cope with the competition while suggesting that government regulation is limited in its ability to control industry disruption. Hui Li, Assistant Professor of Marketing, and Kannan Srinivasan, H.J. […]

Electricity Trading and Negative Prices: Storage vs. Disposal | INFORMS

Electricity Trading and Negative Prices: Storage vs. Disposal | INFORMS

Electricity cannot yet be stored on a large scale, but technological advances leading to cheaper and more efficient industrial batteries make grid-level storage of electricity surpluses a natural choice. Because electricity prices can be negative, it is unclear how the presence of negative prices might affect the storage policy structure known to be optimal when […]

Pricing News Daily > 6/24/14

Pricing News Daily > 6/24/14

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. Today’s Headlines Tip: Tune ERP for Better Strategic Pricing | Modern Distribution Management “I feel comfortable in saying that in most wholesale distribution companies, they underutilize the […]

MIT researchers win 2014 INFORMS Revenue Management and Pricing Section Practice Award | MIT News

MIT researchers win 2014 INFORMS Revenue Management and Pricing Section Practice Award | MIT News

MIT’s Kris Johnson, Alex Lee, and David Simchi-Levi — along with online retailer Rue La La — have received the 2014 INFORMS Revenue Management and Pricing Section Practice Award for a project that is expected to increase Rue La La’s revenues. The award for the analytics-based pricing-optimization application developed through the Accenture and MIT Alliance in […]