Price optimization

Price and supply items to maximize returns while accounting for the cost of waste. Accelerate development with DecisionOps tools for testing, CI/CD integration, versioning, and more.

Examples of price optimization use cases

Price optimization is important for striking the right balance between supply and demand to optimize profits and margins while accounting for a variety of constraints and factors such as buyer behavior, inventory, product waste, operating costs, and more. 

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Retail goods pricing

Determining the best prices for a range or products (e.g., avocados, milk, scissors, shampoo, etc.) to maximize profit or maintain a base profit margin

Travel and hospitality pricing

Dynamically price based on demand to maximize revenue and ensure occupancy (e.g., airline tickets, hotel rooms, restaurant reservations, etc.)

Marketplace pricing

Setting the cost of gig work based on demand to maximize revenue or maintain a base profit margin (e.g., car rides, errand completion, small-job tasks, etc.).

Customers

Used by developers around the world

Integrate with many optimization solutions

Price optimization app features

Get started with pre-built constraints, clone and customize the open source code to make it your own, modify the objective function, or explore other optimization solvers. See more in GitHub →

regions
array
Regions to allocate items to
total_amount_of_supply
integer
Total amount of supply to allocate
weight
integer
Weight of the item
cost_per_wasted_product
integer
Coster per wasted product
peak
integer (0 or 1)
Indicates peak demand time for the regression model
transport_costs
array
Cost to transport an item to each region
year
integer
Year for the regression model
minimum_product_price
float
Minimum price to set the item to
maximum_product_price
float
Maximum price to set the item to
minimum_product_allocations
array
Minimum amount to allocate to each region
maximum_product_allocations
array
Maximum amount to allocate to each region
coefficients.region
array
Region coefficients of the regression model predicting demand
coefficients.price
float
Price coefficients of the regression model predicting demand
coefficients.intercept
float
Intercept of the regression model predicting demand
coefficients_year.index
float
Coefficient of the year index of the regresson model predicting demand
coefficients.peak
float
Coefficient of peak in the regression model predicting demand
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