Discuss your personal experience with dynamic pricing (airlines, hotels, Uber, event tickets, etc.). Also, discuss any professional experience including:
- What revenue-management methods does your current or future company (a company you would like to work for in the future) use if any?
- If none are currently used, how could surge pricing benefit your current company or future organization?
- What are the drawbacks, if any, of such systems?
Your response should be approximately 150 words. You are encouraged to incorporate concepts from the textbook and/or outside sources. This assignment is designed to give you a break from the math and apply the concepts to the real world. Feel free to incorporate examples/stories from your personal/professional life.
Submissions will be checked using UniCheck Plagiarism checker. Feel free to bring in perspectives from outside sources, but remember to properly cite them by including a link at the bottom of your submission.
