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I just want to add that sites like hotels, cruises and airlines have demand based models that consider time which makes finding the right price a bit more compl
by ljd 14y ago
I just want to add that sites like hotels, cruises and airlines have demand based models that consider time which makes finding the right price a bit more complex that standard a standard revenue curve.
We[0] solved this problem for ecommerce flash sale sites and event ticket sellers by creating a limited supply strategy that allows someone to give a starting quantity, current quantity and a start and end date to maximize revenue while trying to sell out all items.
[0] https://ventata.com https://ventata.com