Difference between revisions of "Dynamic Pricing Algorithms"

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		+	Dynamic Pricing is a type of pricing method that adjusts prices for items based on real-time market conditions. This is typically achieved by using algorithms inputting variables like competitors' prices, supply and demand quantities, customers' demographics and other personal preferences, seasonal factors, and more<ref>Wakabayashi,Daisuke. (February 6, 2022). [https://www.nytimes.com/2022/02/26/technology/amazon-price-swings-shopping.html "Does Anyone Know What Paper Towels Should Cost?"] ''New York Times''. Retrieved January 25, 2023.</ref>.

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Revision as of 23:01, 25 January 2023

Dynamic Pricing is a type of pricing method that adjusts prices for items based on real-time market conditions. This is typically achieved by using algorithms inputting variables like competitors' prices, supply and demand quantities, customers' demographics and other personal preferences, seasonal factors, and more^[1].

1. ↑ Wakabayashi,Daisuke. (February 6, 2022). "Does Anyone Know What Paper Towels Should Cost?" New York Times. Retrieved January 25, 2023.