Dynamic Pricing of Perishable Products with Competition

Ji, Weiwei

doi:10.4236/jss.2015.33010

Cited by 2 publications

(2 citation statements)

References 4 publications

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“…The price of a tour package offered by a company is usually based on the price contract from the supplier and is then marked up [13]. Another thing that can affect prices is the service time factor that is associated with high / low season time, the country of origin of customers and the number of people in the group [14,15]. The pricing of this tour package is actually relatively easy, because it has standard rules and conditions.…”

Section: Introductionmentioning

confidence: 99%

Reservation and Quotation System on Travel Bureau Companies

Susanti¹,

Karma²

2019

Proceedings of the International Conference on Applied Science and Technology 2019 - Social Sciences Track (iCASTSS 2019)

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Travel Bureau Companies sell various kinds of products from various suppliers, such as hotels, restaurants, transportation and so on. These products are packaged in a tour package and offered to tourists or bureaus abroad at a predetermined price. Not infrequently there are customers who want a tour package with a variety of product choices that are different from the package offered. Costumers want to choose products and arrange them into tour packages according to their wishes, and know the price. The price of this tour package is determined based on the number of people, the country of origin of the guests and the time of service. After being sure of the choice and agreeing with the price set, customers can immediately order the tour package. Based on the order made, the company will then handle the order. This research is intended to develop a system that can be used to conduct tour package pricing according to costumer choice and handling tour package orders by costumers at tour and travel bureaus. The system was developed with an object-oriented methodology and uses the VB.Net 2012 programming language and MySQL as its database.

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Section: Introductionmentioning

confidence: 99%

Reservation and Quotation System on Travel Bureau Companies

Susanti¹,

Karma²

2019

Proceedings of the International Conference on Applied Science and Technology 2019 - Social Sciences Track (iCASTSS 2019)

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“…To our knowledge, only Jerath et al consider the strategic consumer behavior in a competitive environment. The author find that last-minute selling strategy cannot maximize revenue when demand is to deterministic [9]. Ji based on consumer utility function, established a two-stage dynamic pricing model and discussed pricing strategies under customer behavior and market competition.…”

Section: Introductionmentioning

confidence: 99%

Dynamic Pricing of Airline Tickets with Strategic and Myopic Passengers

Meirong¹,

Li²

2016

dtem

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This paper studies the optimal clearance pricing of tickets in the presence of strategic and myopic passengers. We establish a two-perod dynamic pricing model, and characterize equilibrium prices and profits using equilibrium theory and backward induction method. We prove that a pure strategy equilibrium fails to exist. Instead, airlines play a mixed strategy with respect to their pricing. Finally, we use numerical examples to explore the effect of various parameters on the performance of optimal strategy.

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Dynamic Pricing of Perishable Products with Competition

Cited by 2 publications

References 4 publications

Reservation and Quotation System on Travel Bureau Companies

Reservation and Quotation System on Travel Bureau Companies

Dynamic Pricing of Airline Tickets with Strategic and Myopic Passengers

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