Pricing System

A Pricing System is an decisioning system that can apply pricing algorithms to solve pricing tasks.

• AKA: Price Optimizer.
• Context:
  • It can range from being an Batch Pricing System to being a Dynamic Pricing System.
  • It can range from being an Expert-Driven Pricing System to being a Data-Driven Pricing System.
• Example(s):
  • …
• Counter-Example(s):
  • a Product Recommendation System.
• See: Dynamic Pricing System, Demand Forecasting, Price System.

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