Dynamic Pricing Algorithms
From SI410
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].
- ↑ Wakabayashi,Daisuke. (February 6, 2022). "Does Anyone Know What Paper Towels Should Cost?" New York Times. Retrieved January 25, 2023.
