This document discusses a customer demographic and pricing analysis for an online retailer. It contains the following key points:
1. The customer base is primarily middle-income Asian/Pacific Islanders with some college education who shop 1-3 times per month. Demand is highest in coastal metro regions.
2. Cluster analysis identified 5 customer segments ranging from younger low-income to older high-income.
3. An optimization function was developed to determine the price that maximizes total revenue for each product based on customer willingness to pay. Price elasticity analysis found demand becomes more elastic as prices increase.
4. Applying the optimization, the optimal prices for 8 sample products were identified, showing potential revenue gains over
Kerala, the state which is renowned as God's own country, holds a better scope in tourism and health related aspects. Visitor Kerala aims to help tourists find the right and best enjoyment during and throughout their vacation-trip to Kerala, seeing its rivers and streams, forests and mountains, flower gardens, backwaters, etc.
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es un tema que es muy tratado en la actualidad el estrés laboral puede traer como consecuencia el síndrome dl Burnout el cual se caracteriza por el agotamiento físico y mental lo cual merma la productividad del trabajador. entre las medidas de prevención para este síndrome están las siguientes
Autoconocimiento Personal.
Provisión de recursos personales y materiales para poder adaptarse a los cambios que generan las necesidades sociales y políticas.
Participación de los profesores en las decisiones de los centros y en las políticas educativas.
Potenciar el trabajo en grupo así como mantener adecuadas relaciones interpersonales entre los compañeros.
Crear servicios de apoyo y asesoramiento al profesorado
Zone IT Solutions : IT Recruitment Services
We specialize in delivering value to your business
Development Technologies: .Net, Java, AngularJS, HTML5 +
Integration: Webmethods, Tibco, SAP XI/PI/HCI
Testing: Test Analysts, lead, Managers, Auto/manual
SAP: Technical, Functional, Solution Architects, Testing
Agile: Business Analysts, Scrum Masters
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Improving the measurement of UK income inequality using tax dataRichard Tonkin
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Webinar - The Science Behind Hotel Room PricingDuetto
In today’s challenging distribution environment with rising costs and complexities, there’s little room for error. If you’ve properly segmented your customers and are more accurately forecasting demand, you’re ready to take the next step with more advanced pricing strategies that will boost your bottom line.
This webinar will take you from basic strategies to advanced pricing concepts and arm you with the information you need to begin optimizing your revenue.
Data mining to improve e-mail marketing Ritu Sarkar
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Kerala, the state which is renowned as God's own country, holds a better scope in tourism and health related aspects. Visitor Kerala aims to help tourists find the right and best enjoyment during and throughout their vacation-trip to Kerala, seeing its rivers and streams, forests and mountains, flower gardens, backwaters, etc.
Inside Services Contracting: Best Practices for Staff Augmentation and Shared...Gov BizCouncil
Perspectives from three government leaders on how agencies can use staff augmentation and shared services to maximize their needs for flexibility, cost, and operational control.
Role-playing and Emoting for Language Learning in Virtual worlds: Setting Sce...Doris Molero
A role-playing game (RPG) is a game in which players assume the roles of characters in a fictional setting. Players take responsibility for acting out these roles within a narrative, either through literal acting or through a process of structured decision-making or character development.
es un tema que es muy tratado en la actualidad el estrés laboral puede traer como consecuencia el síndrome dl Burnout el cual se caracteriza por el agotamiento físico y mental lo cual merma la productividad del trabajador. entre las medidas de prevención para este síndrome están las siguientes
Autoconocimiento Personal.
Provisión de recursos personales y materiales para poder adaptarse a los cambios que generan las necesidades sociales y políticas.
Participación de los profesores en las decisiones de los centros y en las políticas educativas.
Potenciar el trabajo en grupo así como mantener adecuadas relaciones interpersonales entre los compañeros.
Crear servicios de apoyo y asesoramiento al profesorado
Zone IT Solutions : IT Recruitment Services
We specialize in delivering value to your business
Development Technologies: .Net, Java, AngularJS, HTML5 +
Integration: Webmethods, Tibco, SAP XI/PI/HCI
Testing: Test Analysts, lead, Managers, Auto/manual
SAP: Technical, Functional, Solution Architects, Testing
Agile: Business Analysts, Scrum Masters
Dr. Stephen Koontz - Thinning Cash Fed Cattle Trade: How Thin is Too Thin & W...John Blue
Thinning Cash Fed Cattle Trade: How Thin is Too Thin & What to Do About It? - Dr. Stephen Koontz, Colorado State University, from the 2014 Iowa Cattle Industry Convention, December 8 - 10, 2014, Des Moines IA, USA
More presentations at http://www.trufflemedia.com/agmedia/conference/2014-iowa-cattle-industry-convention
Improving the measurement of UK income inequality using tax dataRichard Tonkin
Joint ONS/DWP research on developing adjustments using administrative data which improve the measurement of top incomes. Presentation given at 2019 Royal Statistical Society Conference.
Webinar - The Science Behind Hotel Room PricingDuetto
In today’s challenging distribution environment with rising costs and complexities, there’s little room for error. If you’ve properly segmented your customers and are more accurately forecasting demand, you’re ready to take the next step with more advanced pricing strategies that will boost your bottom line.
This webinar will take you from basic strategies to advanced pricing concepts and arm you with the information you need to begin optimizing your revenue.
Data mining to improve e-mail marketing Ritu Sarkar
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How important are the rules used to create smart beta portfoliosRalph Goldsticker
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This presentation addresses: “Do the rules used to construct a Smart Beta portfolio matter?”
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The Future of Work and the Gig Economy? The War for Talent 3.0Gary C Brown
The War for Talent 3.0 & The 5 Solutions to High Volume Staffing Challenge.
The Gig Economy - long considered the preserve of freelancers, food delivery companies and taxi firms only - is fast evolving to address the needs of a wider market and increasingly connected and competitive environment, where customers expect a faster service, better experience and competitive prices; employers require more flexible workers, on demand and of good quality (at a time when they are becoming harder to find), whilst workers are demanding more transparency and access, fairer pay and conditions and greater flexibility of opportunity.
Within this new landscape where EU exit, skills shortages, legal compliance issues and rising labour costs are shaping the supply side, whilst technology, customer behaviour and demographic trends are fast shaping the demand side - a new
challenge has been created - The War for Talent 3.0 - and it has has great implications.
The prospect of average customer satisfaction scores, missed delivery schedules or unmet productivity rates may not only result in companies ceding temporary advantage to their rivals, but may impact their very survival - with those that adopt the new approach to flexible high volume resourcing - one that harnesses tech and data - taking the spoils.
At the HR Workforce Conference in May 2019 - Gary Brown shared the 5 New Staffing Strategies every high volume employer must adopt in order to meet this challenge head on, maintain competitive advantage, and adopt a resourcing solution fit for the demands of the modern operation, worker and customer.
Here you can now view his presentation slides.
If you would like to learn more or discuss the War for Talent 3.0, The Future of Work and the Gig Economy, how these trends might impact your business, and what current solutions leading organisations are adopting - contact Gary Brown for a Discovery Session or free consultation.
Tel: 07534215771
The Need for Analytics and the Value of Understanding Profit RiskBaker Hill
The session will outline the reasons for implementing a data analytics program to identify strengths, weaknesses, opportunities and threats. We will investigate the method used in Baker Hill Analytics to calculate profitability at each level of the institution.
4. Q1:Demographics-Geographic
Presence highest in Northeast, Great
Lakes,Florida, and Northern &
Southern California metro regions
Modest in Piedmont-Atlantic
Low everywhere else
Low/Modest & high demand Texas
Triangle, Piedmont, Cascadia
GILT- WTP. & PURCH INT.
Non Gilt- WTP. & PURCH INT.
5. 1: Younger, Low Income
2: High PI, Low Income
3: Younger, High Income
4: Low PI, High Income
5: Older, High Income
Q1: Clustering of survey participants
6. How to determine maximum revenue
Step 1: Determine unique WTP
Step 2: Calculate total revenue for each WTP in the following function
Price * Number of people = Revenue
Step 3: Find maximum revenue and set optimal price
Step 4: Repeat for each look
7. Q2: Price Sensitivity and the Elasticity of Demand
The demand elasticity attained for
any look can be attained by the
function (%change in demand)
The range of elasticities we attained
was between -.87 and -1.47
These elasticities are determined
between the values of optimal price
and its associated number demanded,
and the number demanded at gilt’s
(%change in price)
9. Q3: Pricing Strategy
Continue gathering info on what maximum prices customers will purchase
a product
Survey customers before an item goes on sale
Implement optimization function
Guarantees minimum level of sales and would increase the amount of
money Gilt earns
All while decreasing the price of goods
Editor's Notes
Under the assumptions:
They put at what point they turn a profit as a constraint
They Automate the maximizing process
Make sure that their survey results are truthful.