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Tag: Pricing Science

The dynamic pricing conundrum | The New Paper

The dynamic pricing conundrum | The New Paper

Four taxi companies are expected to roll out a “dynamic pricing” option later this week, a pricing mechanism used by private-hire services Uber and GrabCar. ComfortDelGro said it will hold off dynamic pricing for the moment and Prime has not given a firm indication of whether it will introduce such a system. While flat charges […]

“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 […]

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. […]

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 […]

Taxi companies’ dynamic pricing should improve matching of supply to demand: Ng Chee Meng | The Straits Times

Taxi companies’ dynamic pricing should improve matching of supply to demand: Ng Chee Meng | The Straits Times

SINGAPORE – Taxi companies should ensure that dynamic pricing improves and not worsens the matching of supply to demand of taxi services, said Second Minister for Transport Ng Chee Meng in a Facebook post on Monday (March 6). Mr Ng’s remarks come in the wake of several taxi companies’ plans to introduce dynamic pricing for […]

Report: 30% of Fuel Retailers Using Daypart Fuel Pricing | Convenience Store News

Report: 30% of Fuel Retailers Using Daypart Fuel Pricing | Convenience Store News

COLORADO SPRINGS, Colo. — Thirty percent of fuel retailers actively use daypart pricing, and 50 percent of those who use fuel pricing software actively use daypart pricing, according to a new research report from PriceAdvantage, a fuel price management software company and division of Skyline Products. The report was produced in collaboration with Schneider Electric […]

ComfortDelGro is third taxi firm with plans to introduce surge pricing | The Straits Times

ComfortDelGro is third taxi firm with plans to introduce surge pricing | The Straits Times

ComfortDelGro had earlier said it wanted to introduce dynamic pricing – popularly known as surge pricing because fares can skyrocket to five times the usual rate – for some time now, but it was “not allowed” to.   Taxi fares in Singapore have been deregulated since 1998, but the industry operates under an unspoken understanding […]

Two taxi firms plan to use surge pricing, Latest Singapore News | The New Paper

Two taxi firms plan to use surge pricing, Latest Singapore News | The New Paper

Some taxi fares could soon fluctuate according to actual demand for cabs. Two taxi operators are planning to implement dynamic fares, popularly known as surge pricing, with a third looking to join the fray. Trans-Cab, Singapore’s second largest operator with 4,566 taxis, and Premier Taxi, the second smallest with 1,889 cabs, said they had informed […]

Price Optimization Finally Becomes A Supply Chain Tool | Forbes

Price Optimization Finally Becomes A Supply Chain Tool | Forbes

In the year 2000, supply chain optimization software companies were hot. Optimization was the new Messiah that would lead supply chain practitioners out of the desert. Wall Street agreed. They put a high valuation on i2 Technologies, the leader in supply chain planning and optimization. In that year, i2’s leading competitor, Manugistics, acquired Talus, a […]