Pricing Algorithm

Posted by on August 18, 2018

Pricing Algorithm

Algorithmic Pricing. Algorithmic pricing is the practice of automatically setting the requested price for items for sale, in order to maximize the seller's profits. Dynamic Pricing Algorithm s usually rely on one or more of the following data. Probabilistic and statistical information on potential buyers; see Bayesian-optimal pricing. Prices of competitors.

What Is Algorithmic Pricing?. Algorithmic pricing is the use of automation to set prices dynamically based on factors such as customer behavior. It has been a common practice in the airline industry since the early 1990s where it is known as yield management.Algorithmic pricing is common in highly competitive industries such as travel and ecommerce.

Pricing Algorithm

Algorithmia. Algorithmia makes applications smarter, by building a community around algorithm development, where state of the art algorithms are always live and accessible to anyone. AI LAYER Product Pricing

Wikipedia. An algorithm may be viewed as controlled logical deduction. This notion may be expressed as: Algorithm = logic + control. The logic component expresses the axioms that may be used in the computation and the control component determines the way in which deduction is applied to the axioms. This is the basis for the logic programming paradigm. In

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