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Tag: Surge Pricing

The rise of dynamic pricing in UK supermarkets | Dispatch Weekly

The rise of dynamic pricing in UK supermarkets | Dispatch Weekly

Supermarkets are changing their product prices depending on the day, time, season or demand. Dynamic – or surge pricing is a common practice in the hospitality, and travel industries. It now seems the trend has made its way into online grocery stores and is now looking to enter brick and mortar supermarkets. Most people experience […]

Dynamic pricing: Retailers using artificial intelligence to predict top price you’ll pay | ABC News (Australian Broadcasting Corporation)

Dynamic pricing: Retailers using artificial intelligence to predict top price you’ll pay | ABC News (Australian Broadcasting Corporation)

The price tag still holds sway in our major shops and departments stores — but the retail sector is moving away from fixed prices, and online businesses are leading the way.Prices already fluctuate online for certain products and services like airline fares, hotel rooms and ride-sharing services like Uber. One day you score a great […]

Here Comes Uber Inspired Surge Pricing in Supermarkets | TheStreet

Here Comes Uber Inspired Surge Pricing in Supermarkets | TheStreet

British shoppers may have to deal with so-called ‘surge pricing’ in the near-future as supermarkets plan to bin traditional pricing for electronic tags. Tesco plc (TSCDY)  and Wm Morrison Supermarket plc (MRWSY) are said to be among the U.K. supermarkets planning to introduce electronic tags that could result in surge-pricing of popular items, London’s Telegraph […]

What is surge pricing, how would it work for supermarket groceries and what companies already use the model? | The Sun

What is surge pricing, how would it work for supermarket groceries and what companies already use the model? | The Sun

How would surge pricing work in a supermarket? It was recently reported that supermarkets could introduce surge-pricing in a move similar to Uber’s price changes on busy nights. Chains including Tesco, Sainsbury’s and Morrisons are said to be considering the change in line with “e-prices”, which change with demand. This would involve ditching traditional paper price […]

Petrol stations to adopt Uber-style surge pricing? | The Car Expert

Petrol stations to adopt Uber-style surge pricing? | The Car Expert

British petrol stations will start introducing demand-based surge pricing within months, similar to the model used by taxi company Uber, according to media reports. The move is being driven by the major supermarket chains, who control more than 1,000 petrol stations across the UK. The supermarkets are also looking at plans to apply demand-based pricing […]

How Much Should You Tip Your Uber Driver? | Here & Now

How Much Should You Tip Your Uber Driver? | Here & Now

On how much to tip your Uber driver “Well the standard tip for a taxi is 15 to 20 percent. And that is my initial reaction: I would say tip 15 to 20 percent of the fare. But things get really dicey with Uber because they have dynamic pricing. What might be a $40 ride […]

Surge pricing transparency: a tale of two users – Uber Screeds | Medium

Surge pricing transparency: a tale of two users – Uber Screeds | Medium

Uber’s surge pricing algorithm assesses a premium on the price that passengers pay, and the wages that drivers earn. Uber’s general policy is that if a passenger pays 2x the cost of a fare, the driver earns 2x in wages. However, a recent email conversation between an Uber driver and an Uber Customer Support Representative […]

Uber’s New Pricing Scheme Weaponizes Big Data | Inc.com

Uber’s New Pricing Scheme Weaponizes Big Data | Inc.com

While few people are likely to object to rich folk paying more than poor folk, Dave Sutton, of the public safety campaign Who’s Driving You? points out that “Uber’s new pricing scheme weaponizes its access to data against customers. It could be used to overcharge airport passengers late at night, the less-privileged in transportation deserts, […]

OLA cheating Customers with their different pricing strategy | PC Tablet

OLA cheating Customers with their different pricing strategy | PC Tablet

Ola and Uber are the best leading cab aggregator services in India. These not just made it easy for the people in commute, but also made it hassle free without any bargain or having to wait for a long time to get a ride. Though the pricing is quite affordable, the Surge pricing is something that comes […]

Surge pricing goes universal: some effects | Nouslife

Surge pricing goes universal: some effects | Nouslife

Downsides not mentioned: this would blow a hole in rpi calculations and render difficult or impossible inflation calculations and thus problematise things like index-linked pensions or other payments relying on rpi systems (note the comment in the article “Increasingly, there is no such thing as a fixed price from which sale items deviate”). There’s an […]