Looking for breakthrough ideas for innovation challenges? Try Patsnap Eureka!

Dynamic pricing algorithm based on data mining under shared economy

A data mining and pricing technology, applied in data processing applications, computing, business, etc., can solve the problem of single pricing strategy, achieve the effect of solving single algorithm application, realizing optimization and application

Inactive Publication Date: 2017-09-22
MASHANGYOU TECH CO LTD
View PDF0 Cites 10 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, its pricing strategy is relatively simple and has strong limitations. Dynamic pricing does not occupy a major position in its price formulation

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Dynamic pricing algorithm based on data mining under shared economy
  • Dynamic pricing algorithm based on data mining under shared economy
  • Dynamic pricing algorithm based on data mining under shared economy

Examples

Experimental program
Comparison scheme
Effect test

Embodiment Construction

[0047] In order to deepen the understanding of the present invention, the present invention will be described in further detail below with reference to the accompanying drawings and embodiments. The following examples are only used to illustrate the technical solutions of the present invention more clearly, and cannot be used to limit the protection scope of the present invention.

[0048] A dynamic pricing algorithm based on data mining under the sharing economy, including the following steps:

[0049] Step 1. Adopt a preliminary pricing strategy, including the following steps:

[0050] Preliminary pricing strategies can be of various types and are relatively flexible, such as supply-side pricing, personalized segment pricing, and auction pricing.

[0051] Most service providers have data such as server, transaction, and customer information, as well as historical and current product price information. Based on data mining technology, customer stratification can be achieved...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

The invention discloses a dynamic pricing algorithm based on data mining under shared economy. The algorithm comprises a preliminary pricing policy, weight optimization based on feature filtering, and weight optimization based on machine learning. According to the dynamic pricing algorithm based on data mining under shared economy, through the auxiliary use of the multiple pricing policy, the optimization and application of the dynamic pricing algorithm are realized; and the problems of single algorithm application, difficult factor intervention, low timeliness and the like.

Description

technical field [0001] The invention relates to a mobile internet-based dynamic pricing technology, in particular to a data mining-based dynamic pricing algorithm under the sharing economy. Background technique [0002] With the promotion and popularization of mobile smart devices and mobile payment, the exchange of resources between the supply and demand sides has a higher real-time nature. Based on this, the dynamic pricing strategy has been greatly developed: Uber's dynamic pricing strategy has achieved great success and attracted great attention from the market and the industry; Airbnb implemented a dynamic pricing strategy for its homestay platform in 2015 to prompt The supply side has a relatively reasonable rent price, realizes objective market guidance and reference based on data, and open-sources its machine learning engineering (Aerosolve) code. [0003] With the rise of the national sharing economic resource model, the dynamic pricing strategy has solved the prob...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
IPC IPC(8): G06Q30/02
CPCG06Q30/0284
Inventor 陈勇贾昱
Owner MASHANGYOU TECH CO LTD
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Patsnap Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Patsnap Eureka Blog
Learn More
PatSnap group products