dynamic pricing

(redirected from Time-based pricing)
Also found in: Wikipedia.

dynamic pricing

n
(Commerce) commerce the practice of offering goods at a price that changes according to the level of demand, the type of customer, the state of the weather, etc
References in periodicals archive ?
Approximately 174,000 households in the district were randomly assigned to a business-as-usual control group or to one of two treatment groups in which participants were encouraged to participate in one of two different time-based pricing plans.
Banks apply different relationship pricing models including product bundling, behavior- and time-based pricing, and personalized pricing to a diverse customer base which suits their individual banking requirements and willingness to pay.
Even more significantly, it allows time-based pricing in which end users may see significantly higher costs during peak demand periods, notably late mornings and early to midafternoons on summer days.
* "The Need for Essential Consumer Protections: Smart-Metering Proposals and the Move to Time-Based Pricing," published by AARP, National Consumer Law Center, National Association of State Utility Consumer Advocates, Consumers Union, and Public Citizen.
Over the years, I watched as more and more markets picked up two related concepts: time-based pricing and more efficient use of so-called "vanishing assets" -- or capital goods that generate revenue only as they are used.
Giving customers detailed information about their energy use is just half of the equation, however; the other half is offering them the option of time-based pricing. That way they can save money by using energy in a manner that makes the entire system cleaner and more efficient.
The BPAs incorporated commercial best practices by capturing a firm's implementation methodology and enabling fixed-price methodologies for each phase and deliverable that led to results-based pricing, not just time-based pricing.
Sinapse Graphic International President Peter Herman said time-based pricing "allows newspapers with multiple printing sites to more cost effectively incorporate press-simulator training across their organization."
Adopting new yield management systems by service providers with capacity constraints (such as ski resorts, airlines, and theme parks) permits efficient management of time-based pricing, early discounts, limited early sales, over-locating, and so on.
In [6] we present a comprehensive approach to studying a multiple ownership scenario that includes a rich realm of pricing policies such as flied pricing, time-based pricing, volume-based pricing, monopoly pricing, and adaptive pricing strategies such as following the competitor and undercutting.
It also calls upon state commissions to conduct supporting investigations into time-based pricing rate schedules and other DR programs.
Full browser ?