Operationalizing Dynamic Pricing Models
Christ, Steffen.
Operationalizing Dynamic Pricing Models Bayesian Demand Forecasting and Customer Choice Modeling for Low Cost Carriers / [recurso electrónico] : by Steffen Christ. - XXVII, 351p. 116 illus. online resource.
Dynamic Pricing of services has become the norm for many young service industries – especially in today’s volatile markets. Steffen Christ shows how theoretic optimization models can be operationalized by employing self-learning strategies to construct relevant input variables, such as latent demand and customer price sensitivity. He proves that the development of the necessary forecasting models is indeed possible, i.e., through the usage of real-time data of online sales channels.
9783834961846
Economics.
Economics/Management Science.
Operations Research/Decision Theory.
HD30.23
658.40301
Operationalizing Dynamic Pricing Models Bayesian Demand Forecasting and Customer Choice Modeling for Low Cost Carriers / [recurso electrónico] : by Steffen Christ. - XXVII, 351p. 116 illus. online resource.
Dynamic Pricing of services has become the norm for many young service industries – especially in today’s volatile markets. Steffen Christ shows how theoretic optimization models can be operationalized by employing self-learning strategies to construct relevant input variables, such as latent demand and customer price sensitivity. He proves that the development of the necessary forecasting models is indeed possible, i.e., through the usage of real-time data of online sales channels.
9783834961846
Economics.
Economics/Management Science.
Operations Research/Decision Theory.
HD30.23
658.40301
