71 Messages
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611 Points
B2B Breakout Session "Capacity-Aware Pricing Using Neural Networks"
In settings with limited and perishable supply, capturing opportunity cost into pricing is essential for maximizing revenue potential. This breakout session featuring the PROS AI and Product Teams discussed Capacity-Aware Optimization, a neural-network based adaptive approach designed to drive profitable growth in capacity-constrained environments. We reviewed results from simulations and real-world data studies, demonstrating how this approach is being implemented in various industries to help our customers excel. Lastly, we provided insights on how to incorporate Capacity-Aware Optimization into GenIV AI Price Optimization.
What takeaways will you be implementing into your pricing practices?
kaflinqalex
1 Message
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10 Points
5 hours ago
The B2B session on "Capacity-Aware Pricing Using Neural Networks" showed how using neural-network-based models can optimize prices in capacity-limited settings. Key takeaways include incorporating opportunity costs, using real-world data for adaptive pricing, and applying insights to GenIV AI Price Optimization. Similar to how Harvey’s adjusts Harvey’s Prices for burgers and combos based on demand, businesses can use these strategies to maximize revenue efficiently.
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