Tag: Pricing Technology

Petrol, diesel pricing: Here is a way out for beleaguered Indian fuel retailers | The Financial Express

Petrol, diesel pricing: Here is a way out for beleaguered Indian fuel retailers | The Financial Express

In an earnest effort to ‘clean up’ the markets and wean them off subsidies, the government, on June 16, rolled out a dynamic pricing mechanism for petrol and diesel fuel prices across India. In an earnest effort to ‘clean up’ the markets and wean them off subsidies, the government, on June 16, rolled out a […]

5 Features Your Retail App Is Missing | Twice

5 Features Your Retail App Is Missing | Twice

Personalized content and offers: Nearly nine in 10 consumers say that personalization has some impact on their purchasing decisions. By personalizing content, retailers can help present shoppers with the products and/or deals that are most relevant to them, and that they are most likely to take advantage of. By recommending products based on previous shopping history or […]

Optimization Beyond Prediction: Prescriptive Price Optimization | NEC

Optimization Beyond Prediction: Prescriptive Price Optimization | NEC

This paper addresses a novel data science problem, prescriptive price optimization, which derives the optimal price strategy to maximize future profit/revenue on the basis of massive predictive formulas produced by machine learning. The prescriptive price optimization first builds sales forecast formulas of multiple products, on the basis of historical data, which reveal complex relationships between […]

Do Airline Sites Track Your Habits? | Men’s Fitness

Do Airline Sites Track Your Habits? | Men’s Fitness

IT’S TRUE, SAYS Johnny Jet, of the travel site johnnyjet.com. It’s called “dynamic pricing”—firms track your online browsing, and adjust prices according to factors like your eagerness to buy, your online purchases, even where you live. Be wary, he says, of aggregator booking sites like Priceline, Kayak, and Orbitz, the last of which was found […]

Dubai theme park operator reviews strategy as losses pile up | Arab News

Dubai theme park operator reviews strategy as losses pile up | Arab News

The company also revealed the departure of senior executives, including Klaus Assman, Stanford Pinto, Matt Priddy and Paul La France. Dubai Parks and Resorts attracted more than 1 million visits during the first six months of the year, with about 414,400 visits during the second quarter. DXBE said it was progressing well toward achieving a […]

Drawing on Big Data for Customer Insights | Marlin Business Services Corp.

Drawing on Big Data for Customer Insights | Marlin Business Services Corp.

The overall trend for retail sales volume is up, despite considerable disruption to the channels consumers use to make purchases. Total retail sales are expected to grow 3.7% to 4.2% in 2017, driven in large part by online sales, which are forecast to grow 8% to 12% this year. … Path to purchase – Both […]

Match Your Own Price? Self-Matching as a Retailer’s Multichannel Pricing Strategy | Marketing Science

Match Your Own Price? Self-Matching as a Retailer’s Multichannel Pricing Strategy | Marketing Science

Multichannel retailing has created several new strategic choices for retailers. With respect to pricing, an important decision is whether to offer a “self-matching policy,” which allows a multichannel retailer to offer the lowest of its online and store prices to consumers. In practice, we observe considerable heterogeneity in self-matching policies: There are retailers who offer […]

Spirit Airlines’ Return to Unit Revenue Growth Looks Short-Lived | The Motley Fool

Spirit Airlines’ Return to Unit Revenue Growth Looks Short-Lived | The Motley Fool

The long-awaited return to unit revenue growth won’t last The revenue story for the quarter mostly played out as expected, as Spirit continued to make progress with revenue-boosting initiatives including dynamic pricing of seats, and benefited from trends in fare pricing. Fornaro noted that this was the first time in two-and-a-half years that either passenger […]

Bhopal: Not GST, dynamic pricing pain in the neck, say air travellers | Free Press Journal

Bhopal: Not GST, dynamic pricing pain in the neck, say air travellers | Free Press Journal

Bhopal: Business class passengers travelling to Delhi, Mumbai or Lucknow from Bhopal by air will have to shell out more money for their tickets after the implementation of Goods and Services Tax (GST). However, economy class travel has become cheaper. However, air passengers say it is not the GST but dynamic pricing that is the […]

Events platform Hapz raises $500,000 seed funding | Tech in Asia

Events platform Hapz raises $500,000 seed funding | Tech in Asia

The company says that event goers can potentially make significant savings on tickets and admission fees using its service, as compared to buying them from outlets where prices are set. Its platform allows users to put in a bid at the price that they’d be willing to pay. It’s similar to the surge pricing model […]