Search results
10 maj 2024 · Dynamic pricing is a strategy that bases products or services’ prices on evolving market trends, such as: Supply and demand. Competitor pricing. Inventory levels.
Dynamic pricing algorithms input data about a product/service and output what would be an optimal price for it within given circumstances in order to maximize the vendor’s profits while maintaining customers. Dynamic pricing algorithms leverage historical data about: Product prices; Production costs; Market trends; Customers’ purchase behavior
Dynamic pricing is the practice of tweaking product/service prices according to market trends, customer behavior, and competitor landscape. Today different industries and businesses, such as airlines and e-commerce platforms, leverage dynamic pricing to increase profit and dominate the market.
Dynamic pricing strategies, also called surge pricing, demand pricing, real-time pricing or algorithmic pricing is where the price is flexible based on demand, supply, competition price, subsidiary product prices. Price may even change from customer to customer based on their purchase habits.
1 gru 2023 · We define dynamic pricing as price changes that are prompted by changes or difference in four key underlying market demand drivers: (1) People, (2) Product configurations, (3) Periods, and (4) Places. We provide corresponding pricing implications for managers.
21 lis 2023 · The purpose of this systematic literature review is to answer the research question about how do dynamic pricing strategies affect customer perceptions and behaviors to avoid negative consumer reactions.
11 mar 2022 · The purpose of this systematic literature review is to answer the research question about how do dynamic pricing strategies affect customer perceptions and behaviors to avoid negative...
