Tag: Pricing Technology

Oil’s not well: petrol and diesel prices scale a new high

Oil’s not well: petrol and diesel prices scale a new high

In Mumbai, a litre of petrol now costs Rs 79.99 per litre, while tanking up on diesel costs Rs 62.82 per litre. This is the highest yet since dynamic or daily pricing came into effect on June 16 this year. Dynamic pricing or daily fuel revision, which kicked in on June 16, 2017, continues to […]

Why Dynamic Pricing Is The Way To Go For Ride-Hailing Services | swarajyamag.com

Why Dynamic Pricing Is The Way To Go For Ride-Hailing Services | swarajyamag.com

Gone are the days when prices of most commodities were fixed by the government. The introduction of big data has clearly helped many of the conventional organisations to adopt dynamic pricing. As the famous French Physiocrats said long ago, “Market will work for societal good if let alone.” Dynamic pricing works on the basis of […]

How Amazon can rip you off by changing prices 300 times | Daily Mail Online

How Amazon can rip you off by changing prices 300 times | Daily Mail Online

When Alexander Turney Stewart opened a brand new store in New York in the 1820s, he adopted a radical and original policy. All goods had a fixed price. No longer would salesmen size up the apparent wealth of a customer and see how much they could get away with charging. Rival retailers predicted the Irishman […]

Parking In Delhi Residential Areas Should Be Paid, Says Draft Law | Delhi NYOOOZ

Parking In Delhi Residential Areas Should Be Paid, Says Draft Law | Delhi NYOOOZ

“Dynamic pricing mechanisms such as peak and off-peak fees and exponential increase per hour of use would be used to moderate parking demand. “The civic agencies will consult RWAs (residents welfare associations) before deciding the parking charges and mode of management of parking in residential areas including outsourcing of the collection of parking fees,” it […]

The New Frontier of Price Optimization | Tribune Content Agency

The New Frontier of Price Optimization | Tribune Content Agency

Price Optimization in Practice In reality, not every step is used in every situation. For example, Boston, Massachusetts-based Rue La La Inc. did not want us to change prices in the course of its 48-hour sales, so we skipped the learning step. And when we worked with Chicago, Illinois-based Groupon Inc., we realized that the […]

Fuel prices: The poster child for the BJP’s mismanagement of the economy | ThePrint

Fuel prices: The poster child for the BJP’s mismanagement of the economy | ThePrint

The deregulation of fuel prices was meant to make things easier for the aam aadmi, it is instead being used to increase taxation. The announcement last week of yet another hike in retail prices of petrol and diesel has created strong resentment across the country, with the average Indian citizen frustrated at the all-time high […]

MindBody App Fitness Classes Dynamic Pricing | Refinery29

MindBody App Fitness Classes Dynamic Pricing | Refinery29

If you’ve always wanted to try a fitness subscription service but have been intimidated by the prospect of pricey classes, fitness class booking service MindBody may have a solution for you. Starting this week, the MindBody app, which allows users to find and book fitness and wellness services, will allow fitness studios to opt into […]

Spirit Airlines Is Crashing: Is It Still a Buy for Long-Term Investors? | The Motley Fool

Spirit Airlines Is Crashing: Is It Still a Buy for Long-Term Investors? | The Motley Fool

After a strong run in its first several years as a public company, Spirit Airlines (NASDAQ:SAVE) has disappointed investors again and again since 2015. Yet while profitability has been receding, the carrier continued to exceed its long-term goal of generating “mid-teens or higher operating margins” — until now. Unfortunately, a damaging dispute with its pilots […]

AI could become your personal shopper | VentureBeat

AI could become your personal shopper | VentureBeat

7. Setting the right price Big data tools like Incompetitor help retailers maintain a competitive pricing strategy by combining AI and machine learning. Retailers integrate this API into a brand’s data so a rule-based engine can optimize prices based on real-time external factors, like inventory, competitors’ out-of-stock situations, and discounts. This integration allows retailers to optimize […]

Govt sensitive, will take right decision: BJP on fuel prices | The Indian Express

Govt sensitive, will take right decision: BJP on fuel prices | The Indian Express

The leader explained that the Centre has not intervened so far because the increase in the prices cushions the state finances as they are also depending on taxes on petroleum products at a time they are shifting to a new tax regime, GST. Fuel prices are outside the GST. “States run with this money,” he […]