Strategic Waiting for Consumer-Generated Quality Information: Dynamic Pricing of New Experience Goods

2013 ◽  
Author(s):  
Man Yu ◽  
Laurens Debo ◽  
Roman Kapuscinski
Keyword(s):  
Dynamic Pricing ◽  
Quality Information ◽  
Experience Goods ◽  
Information Dynamic ◽  
Strategic Waiting

Dynamic Pricing of New Experience Goods

2006 ◽  
Vol 114 (4) ◽  
pp. 713-743 ◽  
Author(s):  
Dirk Bergemann ◽  
Juuso Välimäki
Keyword(s):  
Dynamic Pricing ◽  
Experience Goods

scholarly journals Dynamic Pricing under Cost Reduction in the Presence of Myopic and Strategic Consumers

2019 ◽  
Vol 2019 ◽  
pp. 1-15
Author(s):  
Guangning Liu ◽  
Zhenzhong Guan ◽  
Hua Wang
Keyword(s):  
Dynamic Pricing ◽  
Cost Reduction ◽  
Pricing Strategy ◽  
Future Price ◽  
Purchase Decisions ◽  
Pricing Strategies ◽  
Strategic Consumers ◽  
Technology Advancement ◽  
Significant Cost Reduction ◽  
Strategic Waiting

After release, a product usually suffers cost reductions during its whole lifespan. Compared to the myopic, strategic consumers may have stronger incentive to delay the purchase once they perceive that a significant cost reduction will result in a markdown. The strategic (compared to the myopic) properties influence the seller both quantitatively in terms of proportion of strategic consumers and qualitatively in terms of customer patience. To forecast the reaction of the whole market under cost reduction, it is necessary to acquire the strategic properties. In this paper, we study the impacts of proportion of strategic consumers, customer patience, and cost reduction on dynamic pricing strategy when cost reduction comes from technology advancement. The seller makes pricing strategies when facing unknown future cost, and the buyer makes purchase decisions when facing unknown future price. Our study shows that generally both higher strategic consumer proportion and customer patience contribute to a delay in sales. Further, profit diversion happens under great combination of strategic properties. In addition, with the increase of customer patience, not only strategic but also myopic consumers will buy less. Finally, the strategic properties moderate the pricing strategy in latter stage when there is a cost reduction. This indicates a threshold as combination of strategic properties, upon which seller tends to offer a smaller markdown to discourage strategic waiting, and under which seller tends to offer a greater markdown to divert strategic consumers to the latter period.

Inter-Enterprise Quality Information Dynamic Tracking Based on Process Quality BOM

2010 ◽  
Vol 37-38 ◽  
pp. 589-592
Author(s):  
Li Ping Zhao ◽  
Yi Yong Yao ◽  
Da Min Xu
Keyword(s):  
Process Model ◽  
Process Quality ◽  
Quality Information ◽  
Process Change ◽  
Structure Information ◽  
Dynamic Tracking ◽  
Information Tracking ◽  
Information Dynamic ◽  
Definition Of ◽  
Manufacturing Mode

In the modern manufacturing mode, product is often manufactured by multi-enterprise, so effective and dynamic tracking for process quality information is the precondition to realize product quality control in distributed enterprises. Aiming at these demands, a dynamic tracking method for inter-enterprise quality information based on process quality BOM (PQ-BOM) was put forward in this paper. PQ-BOM was employed as the carrier and organization form of process quality information. With the formal definition of PQ-BOM, structure information and process information included in PQ-BOM were mapped to three-layer process model. The process BOM is dynamically updated with the process change, thus the in-time and history quality information tracking is achieved by dynamically reconfigured PQ-BOM. Finally, the application of proposed method has been described in detail.

Dynamic Pricing bei strategischem Konsumentenverhalten

2014 ◽  
Vol 43 (6) ◽  
pp. 292-297
Author(s):  
Jochen Gönsch ◽  
Michael Neugebauer ◽  
Claudius Steinhardt
Keyword(s):  
Dynamic Pricing
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