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I gave it a bit of a thought. Maybe this can be done post-reservations. The solver would consider how popular the item was, the prices at which people accepted
by dejan 17y ago
I gave it a bit of a thought. Maybe this can be done post-reservations. The solver would consider how popular the item was, the prices at which people accepted to participate and the lowest achieved price. According to all of this, the solver would calculate the suggested item price.
That's cool, I might do that, just for fun.
I wouldn't limit the usage to only manufacturing and operations management. I am trying to keep it as a universal tool.
Thanks again for valuable thoughts.
- gridspy 17y agoWhat I want is for buyers to make a real committment. The major difference between my system and yours is that buyers can say "I don't want to buy it for $1000, but if it reaches $600, I am in. Here are my credit card details if it does" [Edit] Is this what all your competitors do too? I didn't mean to remove your point of difference, but perhaps this way works better.
- dejan 17y agoAll competitors do as you say - take the credit card info and store it. Only if price reaches the threshold, then they are charged. I believe a different approach should be tested against, as the resistance to making a commitment is lower. The assumption is that if the price gets discounted at all, that becomes the best offer online.