dynamic pricing

(redirected from Time-based pricing)
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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.
Later this year, National Grid will also offer customers time-based pricing plans to help customers achieve even more energy savings.
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.
Professional services; medical consultants, lawyers, accountants and dentists are in this frame with their archaic and plainly daft time-based pricing model, self regulating monopolies, failure to use new technology and not delegating work to less qualified persons.
Smart grid enthusiasts counter that allowing some customers to move to time-based pricing doesn't mean all of them have to.
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.
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