1 PETER SCHUTT commented   Permalink     No RatingsRatings 0

Hey Kurt, great discussion. ILOG CLPEX is expanding from the static price optimization to more dynamic pricing for perishable foods and grocers in retail and restaurants before there is no revenue opportunities. Other fixed inventory products and services like airlines and hotels have the most advanced dynamic pricing. However, the travel companies and restaurants also have to balance consumers resisting the higher pricing if they have the expectation of waiting for a discount. McDonald's and Dunkin Donuts throw food away instead of discounting it for food safety concerns and to uphold a pricing expectation.

Add a Comment

Add a Comment
The blog includes postings in all disciplines across business analytics! Read more blogs now on the AnalyticsZone where you can also get free downloads, trials and demos with communities and resources across business analytics.