OpenTide China's pricing decision-making support system 2.0 for digital industry in China

  • Lee, Y.; 
  • Youn, W.; 
  • Lim, J.; 
  • Nam, Y.; 
  • Kwak, Y.
Citations

SCOPUS

0

초록

The purpose of this research is to develop a comprehensive pricing decision-making support system that marketers in digital industry can use to set price level and quantity for digital products including mobile phone, TV, computer, mp3 and monitor. The OpenTide Pricing Decision-making Support System (OTC's PDSS) consists of the price response function for each product, the promotion response function, the cost function, mixture modeling, Kane's regency modeling and Brian's competitive algorithm. Then we have applied the OTC's PDSS to the digital industry and yielded the profit maximization price point, revenue maximization price point, and their quantity level for each product category. ? 2009 Springer-Verlag Berlin Heidelberg.

키워드

Mixture model; Price response function; Pricing
제목
OpenTide China's pricing decision-making support system 2.0 for digital industry in China
저자
Lee, Y.; Youn, W.; Lim, J.; Nam, Y.; Kwak, Y.
DOI
10.1007/978-3-642-10580-7_5
발행일
2009
유형
Conference Paper
저널명
Communications in Computer and Information Science
권
62
페이지
25 ~ 32