Incentive system to smooth out fluctuations in demand
Michael Martin,
Steffen Gneiting,
Martin Benfer
et al.
Abstract:The global market is influenced by multiple factors such as market trends, cultural dynamics, and geopolitical uncertainties. In this context service providers often face volatile demand patterns leading to sub-optimal capacity utilization. This approach presents an incentive system to smooth out fluctuations in demand and to enhance service provider efficiency. This system computes optimal service prices based on projected capacity utilization. By including insights from past orders and demand forecasts, the … Show more
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