IN2013MU03240A - - Google Patents

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Publication number
IN2013MU03240A
IN2013MU03240A IN3240MU2013A IN2013MU03240A IN 2013MU03240 A IN2013MU03240 A IN 2013MU03240A IN 3240MU2013 A IN3240MU2013 A IN 3240MU2013A IN 2013MU03240 A IN2013MU03240 A IN 2013MU03240A
Authority
IN
India
Prior art keywords
payoff
strategy
pricing strategy
vendor
client
Prior art date
Application number
Inventor
Veerendra Kumar Rai
Sanjit Mehta
Original Assignee
Tata Consultancy Services Ltd
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Tata Consultancy Services Ltd filed Critical Tata Consultancy Services Ltd
Priority to IN3240MU2013 priority Critical patent/IN2013MU03240A/en
Priority to US14/514,603 priority patent/US20150106163A1/en
Publication of IN2013MU03240A publication Critical patent/IN2013MU03240A/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/02—Marketing; Price estimation or determination; Fundraising
    • G06Q30/0201—Market modelling; Market analysis; Collecting market data
    • G06Q30/0206—Price or cost determination based on market factors

Landscapes

  • Business, Economics & Management (AREA)
  • Strategic Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Development Economics (AREA)
  • Finance (AREA)
  • Entrepreneurship & Innovation (AREA)
  • Game Theory and Decision Science (AREA)
  • Data Mining & Analysis (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)
  • Supply And Distribution Of Alternating Current (AREA)
  • Feedback Control In General (AREA)

Abstract

Systems and methods for obtaining an optimal pricing strategy in a service engagement are disclosed. A model is created for the service engagement between a client and vendor. For the service engagement, a pricing strategy is selected. The pricing strategy is selected from one of a fixed strategy, a variable strategy and a combination thereof. Subsequent to selecting the pricing strategy, a client payoff associated with the client and a vendor payoff associated with the vendor are computed. The model is simulated to obtain a time series data. Based on the simulation, an optimal pricing strategy is obtained by calculating an optimizer payoff function. The optimizer payoff function is calculated by assigning relative weights to the client payoff and the vendor payoff. The optimal pricing strategy is obtained by altering the pricing strategy to maximize the optimizer payoff function.
IN3240MU2013 2013-10-15 2013-10-15 IN2013MU03240A (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
IN3240MU2013 IN2013MU03240A (en) 2013-10-15 2013-10-15
US14/514,603 US20150106163A1 (en) 2013-10-15 2014-10-15 Obtaining optimal pricing strategy in a service engagement

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
IN3240MU2013 IN2013MU03240A (en) 2013-10-15 2013-10-15

Publications (1)

Publication Number Publication Date
IN2013MU03240A true IN2013MU03240A (en) 2015-07-03

Family

ID=52810448

Family Applications (1)

Application Number Title Priority Date Filing Date
IN3240MU2013 IN2013MU03240A (en) 2013-10-15 2013-10-15

Country Status (2)

Country Link
US (1) US20150106163A1 (en)
IN (1) IN2013MU03240A (en)

Families Citing this family (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11367091B2 (en) 2016-12-15 2022-06-21 Nielsen Consumer Llc Methods and apparatus to identify retail pricing strategies
CN108765112A (en) * 2018-05-02 2018-11-06 平安科技（深圳）有限公司 Equity profit and loss meter extracting method, terminal and storage medium
CN111210262B (en) * 2019-12-25 2023-10-03 浙江大学 Spontaneous edge application deployment and pricing method based on incentive mechanism
CN113554459B (en) * 2021-07-15 2024-02-13 北京科技大学 Dynamic task allocation method and device in mobile crowd sensing network
CN114418620B (en) * 2021-12-29 2024-04-26 东南大学 Distributed cloud and fog network resource pricing method for mobile block chain system

Family Cites Families (10)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20100088158A1 (en) * 2007-03-16 2010-04-08 Dale Pollack System and method for providing competitive pricing for automobiles
US20120290361A1 (en) * 2008-11-21 2012-11-15 Eric Hills System and method for efficiently estimating a reliable price elasticity of demand using the joint demand model
US20120253908A1 (en) * 2011-04-04 2012-10-04 Myworld, Inc. Commerce System and Method of Controlling the Commerce System Using Personalized Shopping List and Trip Planner
WO2012064553A1 (en) * 2010-11-10 2012-05-18 Optimal Effect Inc. System and method for optimizing marketing effectiveness
US20120284086A1 (en) * 2011-05-04 2012-11-08 Knowledge Support Systems Ltd. Fuel store profit optimization
US20130166355A1 (en) * 2011-12-23 2013-06-27 Tata Consultancy Services Limited Dynamic multi-dimensional and multi-view pricing system
EP2626827A1 (en) * 2012-02-10 2013-08-14 Tata Consultancy Services Limited Product pricing in e-commerce
US20140344020A1 (en) * 2013-05-14 2014-11-20 Bank Of America Corporation Competitor pricing strategy determination
US20150006267A1 (en) * 2013-06-28 2015-01-01 International Business Machines Corporation Designing price incentives in a network with social interactions
US20150081392A1 (en) * 2013-09-17 2015-03-19 Knowledge Support Systems Ltd. Competitor prediction tool

Also Published As

Publication number Publication date
US20150106163A1 (en) 2015-04-16

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