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dynamic pricing

Meaning of "dynamic pricing" in the English dictionary

DICTIONARY

PRONUNCIATION OF DYNAMIC PRICING

dynamic pricing


GRAMMATICAL CATEGORY OF DYNAMIC PRICING

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Dynamic pricing is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES DYNAMIC PRICING MEAN IN ENGLISH?

Dynamic pricing

Dynamic pricing is a pricing strategy in which businesses set highly flexible prices for products or services based on current market demands. Business are able to stay competitive by changing prices based on algorithms that take into account competitor pricing, supply and demand, and other external factors. Dynamic pricing is a common practice in several industries such as hospitality, travel, entertainment, and retail. Each industry takes a slightly different approach to repricing based on its needs and the demand for the product. One commonality, however, is the use of dynamic pricing to increase revenue and profits, whether to fill a stadium, flight, or sales quota. Hospitality Hotels and other players in the hospitality industry use dynamic pricing to adjust the cost of rooms and packages based on the supply and demand needs at a particular moment. The goal of dynamic pricing in this industry is to find the best price that consumers are willing to pay. Another name for dynamic pricing in the industry is demand pricing and is a form of price discrimination, which is used to try to maximize revenue based on the willingness to pay of different market segments.

Definition of dynamic pricing in the English dictionary

The definition of dynamic pricing in the dictionary is offering goods at a price that changes according to the level of demand, the type of customer, or the state of the weather.

WORDS THAT BEGIN LIKE DYNAMIC PRICING

dynameter · dynamic · dynamic link library · dynamic markings · dynamic marks · dynamic psychology · dynamic range · dynamical · dynamically · dynamicist · dynamics · dynamism · dynamist · dynamistic · dynamitard · dynamite · dynamiter · dynamitic · dynamize · dynamo

WORDS THAT END LIKE DYNAMIC PRICING

butter icing · community policing · coppicing · cornicing · dancing · de-icing · enticing · fondant icing · icing · invoicing · policing · predatory pricing · pricing · rejoicing · road pricing · royal icing · self-sacrificing · servicing · transfer pricing · unit pricing · voicing

Synonyms and antonyms of dynamic pricing in the English dictionary of synonyms

SYNONYMS

Translation of «dynamic pricing» into 25 languages

TRANSLATOR

TRANSLATION OF DYNAMIC PRICING

Find out the translation of dynamic pricing to 25 languages with our English multilingual translator.

The translations of dynamic pricing from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «dynamic pricing» in English.
zh

Translator English - Chinese

动态定价
1,325 millions of speakers
es

Translator English - Spanish

fijación dinámica de precios
570 millions of speakers
en

English

dynamic pricing
510 millions of speakers
hi

Translator English - Hindi

गतिशील मूल्य निर्धारण
380 millions of speakers
ar

Translator English - Arabic

التسعير الديناميكي
280 millions of speakers
ru

Translator English - Russian

динамическое ценообразование
278 millions of speakers
pt

Translator English - Portuguese

precificação dinâmica
270 millions of speakers
bn

Translator English - Bengali

গতিশীল মূল্য
260 millions of speakers
fr

Translator English - French

tarification dynamique
220 millions of speakers
ms

Translator English - Malay

Harga dinamik
190 millions of speakers
de

Translator English - German

dynamische Preis
180 millions of speakers
ja

Translator English - Japanese

動的価格設定
130 millions of speakers
ko

Translator English - Korean

동적 가격
85 millions of speakers
jv

Translator English - Javanese

Dinamis pricing
85 millions of speakers
vi

Translator English - Vietnamese

giá năng động
80 millions of speakers
ta

Translator English - Tamil

மாறும் விலை
75 millions of speakers
mr

Translator English - Marathi

डायनॅमिक किंमत
75 millions of speakers
tr

Translator English - Turkish

dinamik ücretlendirme
70 millions of speakers
it

Translator English - Italian

pricing dinamico
65 millions of speakers
pl

Translator English - Polish

dynamiczny cen
50 millions of speakers
uk

Translator English - Ukrainian

динамічне ціноутворення
40 millions of speakers
ro

Translator English - Romanian

de stabilire a prețurilor dinamic
30 millions of speakers
el

Translator English - Greek

δυναμική τιμολόγηση
15 millions of speakers
af

Translator English - Afrikaans

dinamiese pryse
14 millions of speakers
sv

Translator English - Swedish

dynamisk prissättning
10 millions of speakers
no

Translator English - Norwegian

dynamisk prising
5 millions of speakers

Trends of use of dynamic pricing

TRENDS

TENDENCIES OF USE OF THE TERM «DYNAMIC PRICING»

Principal search tendencies and common uses of dynamic pricing
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «dynamic pricing».

Examples of use in the English literature, quotes and news about dynamic pricing

EXAMPLES

10 ENGLISH BOOKS RELATING TO «DYNAMIC PRICING»

Discover the use of dynamic pricing in the following bibliographical selection. Books relating to dynamic pricing and brief extracts from same to provide context of its use in English literature.
1
Dynamic Pricing and Automated Resource Allocation for ...
Many firms provide their customers with online information products which require limited resources such as server capacity. This book develops allocation mechanisms that aim to ensure an efficient resource allocation in modern IT-services.
Michael Schwind, 2007
2
Operationalizing Dynamic Pricing Models: Bayesian Demand ...
Steffen Christ shows how theoretic optimization models can be operationalized by employing self-learning strategies to construct relevant input variables, such as latent demand and customer price sensitivity.
Steffen Christ, 2011
3
Dynamic Pricing in Continuous Time with Cancellation and ...
In this work, we study a continuous time dynamic pricing model with focus on the event of cancellation and return policies for perishable products.
Ming-Liang Fang, 2007
4
Pricing and Revenue Optimization
This is the first comprehensive introduction to the concepts, theories, and applications of pricing and revenue optimization.
Robert Phillips, 2005
5
Revenue Management and Pricing: Case Studies and Applications
'What would this dynamic pricing idea do to the production schedule?' She knew if dynamic pricing increased the variability it could mean real trouble for her supply chain team. The consultant team focused on many of these questions next in ...
Ian Yeoman, Una McMahon-Beattie, 2004
6
Essays on Supply Contracts and Dynamic Pricing
Research issues addressed by this study fall under four themes: evaluation of contract preferences of retailer and supplier; coordination of retailer and supplier decisions (i.e. channel coordination); investigation of the effects of ...
Dengfeng Zhang, 2008
7
Dynamic Pricing, Competition and Uncertainty
Changhyun Kwon. (2004) for comprehensive studies and a survey - one of the most important issues is how to model service provider demand learning. Demand is usually represented as a function of price, explicitly and/or implicitly, and the ...
Changhyun Kwon, 2008
8
The Theory and Practice of Revenue Management
Revenue management (RM) is one of the most successful applications in Operations Research.
Kalyan T. Talluri, Garrett J. van Ryzin, 2006
9
Marketing Strategy
Fixed Versus Dynamic Pricing Up to this point in our discussion, we have assumed that once a price is set all buyers will pay the same price. Historically, this has been the case for almost all products in the United States except automobiles, ...
O. C. Ferrell, Michael Hartline, 2007
10
Handbook of Pricing Research in Marketing
17 Dynamic pricing P.B. (Seethu) Seetharaman Abstract This chapter reviews pricing issues that are relevant to oligopolistic firms competing in markets characterized by demand dynamics, i.e. state dependence and reference price effects.
Vithala R. Rao, 2009

10 NEWS ITEMS WHICH INCLUDE THE TERM «DYNAMIC PRICING»

Find out what the national and international press are talking about and how the term dynamic pricing is used in the context of the following news items.
1
Jeremy Gerard and Jordan Roth Discuss Ticket Prices and the State …
So it's really all about the premium ticket market, a "dynamic pricing" system that seems to me about as popular on Broadway as it is in the ... «Broadway World, Jul 15»
2
Uber to look into reports of 'surge' pricing following MRT disruptions
... fares had gone up due to its "surge" or dynamic pricing mechanism. ... who were stranded, we did turn off the dynamic pricing mechanism. «Channel News Asia, Jul 15»
3
Tube strike in London causes travel chaos for commuters across the …
A spokesman for Uber said their 'dynamic pricing' model ensures that 'there are always cars available for people that need them', adding that it ... «Daily Mail, Jul 15»
4
Many turned to cabs and apps to reach home
An Uber spokesman said affected users were charged higher fares because they had booked rides before the dynamic pricing system was ... «The Straits Times, Jul 15»
5
Virgin America Picks Streaming-Capable ViaSat Ka-Band Wifi
Gogo's dynamic pricing has risen significantly in an attempt to control demand enough to provide a usable experience. In 2013 Virgin and ... «Airways News, Jul 15»
6
Airfares from Gulf skyrocket
Dynamic pricing is the order of day for aviation and it is followed here, ... The low-cost arm of AI is not insulated from dynamic pricing. «The Hindu, Jul 15»
7
Make last-minute stay plans on your smartphone with RoomsTonite
We decided to use our domain expertise to build an on-demand, last-minute, mobile-only marketplace for hotels with a dynamic pricing system ... «Hindu Business Line, Jul 15»
8
A smart way to save some money on your power bills
Who will win and lose from dynamic pricing, and how should policy be designed to protect socio-economically vulnerable households going ... «The Age, Jul 15»
9
Uber Chief Kalanick Enjoying a Fast China Ride
And we use dynamic pricing to make sure that drivers are going to where they're needed most. What's your vision for Uber's China operation in ... «Caixin Media, Jul 15»
10
The Risks of Changing Your Prices Too Often
Pricing optimization software helps companies link cost, customer, and sales-performance data and dynamic pricing methods allow firms to ... «blogs.hbr.org, Jul 15»
REFERENCE
« EDUCALINGO. Dynamic pricing [online]. Available <https://educalingo.com/en/dic-en/dynamic-pricing>. May 2024 ».
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