BNET Business Dictionary
Business Definition for: Dynamic Pricing
- pricing that changes in line with patterns of demand
Additional Resources
- The New Realities of Dynamic Pricing
- This white paper tells that frequently varying online prices in response to changing market conditions can maximize returns and create a potential new source of competitive advantage. The benefits of dynamic pricing are twofold. First, it provides new opportunities for companies to maximize their return per customer. Secondly, dynamic pricing...
- White papers 2001-01-01
- Dynamic Pricing Models in Dynamic Pricing Models in Manufacturing
- This article mainly discusses dynamic pricing models in dynamic pricing models in manufacturing. Some of the characteristics of the Industrial characteristics of the Industrial Partner Partner include: make-to-stock environment, annual revenue in 1998 was about $180 billion, annual spending on supply is more than $70 billion. Pricign model can be...
- White papers 2002-10-01
- Dynamic Pricing Models for Electronic Business
- Dynamic pricing is the dynamic adjustment of prices to consumers depending upon the value these customers attribute to a product or service. Today's digital economy is ready for dynamic pricing; however recent research has shown that the prices will have to be adjusted in fairly sophisticated ways, based on sound...
- White papers 2005-04-01
- Learning Curve: A Simulation-based Approach to Dynamic Pricing
- By employing dynamic pricing, sellers have the potential to increase their revenue by selling their goods at prices customized to the buyers' demand, the market environment, and the seller's supply at the moment of the transaction. As dynamic pricing becomes a necessary competitive maneuver, and as market mechanisms become more...
- White papers 2003-01-01
- Dynamic Pricing: Research Overview, Current Practices and Future Directions
- This paper provides a survey of the applications and theory of dynamic pricing mechanisms with inventory considerations. Based on the discussions with DPOSPs and the dynamic pricing literature from the fields of operations research, economics and marketing, it suggests a categorization of market environments for which distinct dynamic pricing problems...
- White papers 2002-01-01
- Managing Brands In The Realm Of Dynamic Pricing
- With Dynamic Pricing, the price of goods and services reflects real-time changes in price-variables. Via the wealth of consumer information online, Dynamic Pricing more truly reflects the value that consumers place upon goods and services. Today, it might still seem natural that the price of goods and services don't respond...
- White papers 2003-01-01
- Dynamic Pricing Models in Manufacturing
- This article mainly discusses dynamic pricing models in manufacturing. Some of the characteristics of the Industrial Partner include: make-to-stock environment, annual revenue in 1998 was about $180 billion, annual spending on supply is more than $70 billion. Pricing model can be divided into 2 parts: Differential pricing and dynamic pricing....
- White papers 2002-10-01
- Online Dynamic Pricing: Efficiency, Equity and the Future of E-commerce
- There is little doubt that the recent "price tests" conducted by Amazon signal the eventual arrival of online dynamic pricing. It provides the full theory on dynamic pricing. The historical lessons of the airline industry, the innovations of technology, and the logic of economic efficiency all suggest on the cusp...
- White papers 2001-07-01
- The Internet as an Enabler for Dynamic Pricing of Goods
- This paper has several objectives. The first objective is to look at factors that affected the use of dynamic pricing in the past. The second objective is to summarize the notion of dynamic pricing over the Internet. The third objective is to examine the different methods for collecting dynamic demand...
- White papers 2003-11-01
- Dynamic Pricing Strategies for Multi-Product Revenue Management Problems
- "Consider a monopolist firm that owns a fixed capacity of a resource that is consumed in the production of multiple products. There is a finite horizon over which the resource must be used, and the firm's problem is to choose a dynamic pricing strategy for each product in order to...
- White papers 2003-07-21
- Zilliant Vice President of Pricing Science to Host Executive Panel at Georgia Tech Price Optimization Conference; Loren Williams to Address Dynamic Pricing Strategy in the Modern Economy
- AUSTIN, Texas -- Zilliant, a leader in strategic pricing applications, today announced that Loren Williams, Ph.D., Vice President of Pricing Science, is one of a select number of industry experts chosen to host a panel at Georgia Tech's inaugural conference on Revenue Management and Price Optimization to be held in...
- Research articles 2005-04-11
- Estimating Dynamic Pricing Decisions In Oligopolistic Markets: An Empirical Approach Using Micro And Macro-Level Data
- It is well documented in the marketing literature that households' brand choices within categories of inexpensive, frequently consumed packaged goods. Such effects arise out of households' tendencies to repeat-purchase brands out of habit or switch brands in a desire for variety. When such state dependence effects are present, market shares...
- White papers 2002-10-14
- Dynamic Pricing: Research Overview, Current Practices And Future Direction
- In recent years, one has witnessed an increased adoption of existing dynamic pricing strategies and their further development. Determining the "right" price to charge a customer for a product is a complex task. Until very recently, neither element was present; companies had limited ability to track information about their customers'...
- White papers 2003-01-01
- Dynamic Pricing Control in Cellular Networks
- This paper presents dynamic pricing control for network Quality of Service QoS in cellular networks. Dynamic pricing policies allow the network service providers to charge a cost per time unit depending on the availability of network resources; hence it regulates the arrival rate of calls of service to the network....
- White papers 2006-06-09
- Flow chart; Dynamic pricing expands across U.S. industries.(Brief Article)(Statistical Data Included)(Illustration)
- In a report released earlier this month on b-to-b online auctions, Forrester Research says next-generation e-marketplaces will extend dynamic pricing -- or real-time trade through models such as auctions or exchanges -- far beyond today's uses. Forre In a report released earlier this month on b-to-b...
- Research articles 2000-06-19
- Dynamic Pricing, Advanced Metering and Demand Response in Electricity Markets
- The article gives the insight to the theory of demand side price incentives, dynamic pricing. It is clear that time-varying retail electricity prices can significantly help to reduce system production or procurement costs, as well as to meet operating capacity reserve requirements. Many approaches to implementing this idea are in...
- White papers 2002-10-01
- Dynamic Pricing And Inventory Control With Demand Substitution: The Value Of Pricing Flexibility
- This paper studies a one-shot inventory replenishment problem with dynamic pricing. The customer arrival process is assumed either to be piecewise deterministic and correlated across time or to follow a geometric Brownian motion. Homogeneous customers have an iso-elastic demand function and do not behave strategically. For a monopolist facing a...
- White papers 2004-06-22
- Bid.Com launches next generation dynamic pricing solution; Innovations extend reach of on-line auctions to wireless users.
- M2 PRESSWIRE-8 June 2000-Bid.Com: Bid.Com launches next generation dynamic pricing solution; Innovations extend reach of on-line auctions to wireless users C1994-2000 M2 COMMUNICATIONS LTD RDATE:08062000 NEW YORK -- Bid.Com International Inc. (NASDAQ: BIDS, TSE: BII), a global application...
- Research articles 2000-06-08
- Dynamic Pricing with Limited Competitor Information in a Multi-Agent Economy
- This article studies the price dynamics in a multi-agent economy consisting of buyers and competing sellers, where each seller has limited information about its competitors' prices. In this economy, buyers use shopbots while the sellers employ automated pricing agents or pricebots. A pricebot resets its seller's price at regular intervals...
- White papers 2003-01-01
- Dynamic Pricing Strategies With Reference Effects
- This paper considers the dynamic pricing problem of a monopolist firm in a market with repeated interactions, where demand is sensitive to the firm's pricing history. Consumers have memory and are prone to human decision making biases and cognitive limitations. As the firm manipulates prices, consumers form a reference price...
- White papers 2006-02-01
