Revenue management software company PROS which works with more than 80 international airlines said that select airlines have already begun implementing dynamic pricing
structures on their websites.
is a surcharge on the Uber app that is automatically turned on during peak usage.
It is about the potential of dynamic pricing
, sometimes called surge pricing, a subject which seems to be coming to the forefront once again with opinions split down the middle on how this might impact grocery retailing.
After the San Francisco Giants introduced dynamic pricing
to the sports industry in 2009 the subject attracted a good deal of interest.
You're probably familiar with the dynamic pricing
methodologies of airlines and hotels.
Controversial among critics, dynamic pricing
is not a new concept.
PROS GSO includes dynamic pricing
integrated with sales effectiveness, revenue management and contract management.
But dynamic pricing
in a more rigorous sense was pioneered in the 1980s by Robert Crandall, CEO of American Airlines, as a way to fight off competition from discount airlines like People Express.
Dynamic programming-based models are then developed to provide a unified framework to evaluate the dynamic pricing
mechanism of LCCs against the traditional seat inventory control policy that makes the open/close decisions of the fare classes with predetermined prices.
This week in "Last Week in Bizball", dynamic pricing
and the secondary market, worldwide draft update, plus tidbits.
is the charging of different electricity rates at different times of the day and year to reflect the time-varying cost of supplying electricity.
Working with Qcue, the dynamic pricing
company, Qcue, the Minnesota Timberwolves today announced the team has launched a Wolves Tix page on timberwolves.