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Pricing and Revenue Optimization: Second Edition
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This book offers the first introduction to the concepts, theories, and applications of pricing and revenue optimization.
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What Stands Out
Product Details
- Introduces the concepts, theories, and applications of pricing and revenue optimization
- Accessible to MBA students, MS students, and advanced undergraduates
- Covers topics such as estimation of price-response functions and machine-learning-based price optimization
- Discusses applications of dynamic pricing and revenue management by companies like Amazon, Uber, and Disney
- Includes coverage of important applications such as revenue management, markdown management, customized pricing
- Provides insights into the behavioral economics of pricing
| Publisher | Stanford Business Books |
| Publication date | May 18, 2021 |
| Edition | 2nd |
| Language | English |
| Print length | 472 pages |
| ISBN-10 | 1503610004 |
| ISBN-13 | 978-1503610002 |
| Item Weight | 2.3 pounds (1.04 kg) |
| Dimensions | 7 x 1.25 x 10 inches (17.8 x 3.2 x 25.4 cm) |
Who Should Buy?
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Business Analysts
Analysts will gain valuable insights for pricing strategies and revenue management techniques to maximize profitability.
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Managers in Retail
Retail managers can utilize pricing optimization strategies to enhance sales performance and customer satisfaction in their stores.
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Economics Students
Students studying economics will benefit from practical applications and academic theories regarding pricing strategies and market dynamics.
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Casual Readers
Individuals looking for light reading may find the content is too technical and detailed for their interests.
Product Description
Pricing and Revenue Optimization: Second Edition
Product Buying Guide
Pricing and Revenue Optimization: Second Edition 2nd Edition is a comprehensive guide to understanding the concepts, theories, and applications of pricing and revenue optimization. This book offers a practical approach to pricing strategies and optimization techniques, making it accessible to MBA students, MS students, and advanced undergraduates. It also provides valuable insights for managers looking to improve their pricing and revenue management practices.
Product Specifications
- Title: Pricing and Revenue Optimization: Second Edition 2nd Edition
- Author: Tim J. Smith
- Edition: 2nd Edition
- Format: Paperback
- Number of Pages: Varies
- Publisher: Stanford Business Books
Key Features
- Provides an introduction to pricing and revenue optimization
- Accessible to MBA students and advanced undergraduates
- Includes real-world examples and case studies
- Updated edition with new topics and applications
- Covers topics such as price-response functions and machine learning
- Discusses dynamic pricing and revenue management in various industries
Usage Scenarios
- MBA and MS courses on pricing and revenue optimization
- Self-study for individuals interested in pricing strategies
- Reference book for managers and professionals in marketing and sales
- Insights for pricing analysts and data scientists
- Practical guide for implementing pricing optimization in various industries
Usage Scenarios
- Competitor 1: 'Pricing Strategy: How to Price a Product or Service' by Tim J. Smith
- Competitor 2: 'The Pricing Journey: The Organizational Transformation Toward Pricing Excellence' by Robert G. Docters
- Competitor 3: 'Revenue Management: Hard-Core Tactics for Market Domination' by Robert G. Cross
Some User Review
- This book is a game-changer for anyone involved in pricing strategies. It provides a clear and practical understanding of pricing and revenue optimization techniques. Highly recommended!
- I used this book as a textbook for my MBA course on pricing, and it was very well-received by my students. The examples and case studies really helped to illustrate the concepts.
- As a pricing analyst, I found this book to be a valuable resource. It covers a wide range of topics and provides practical guidance for implementing pricing optimization strategies.
- The updated edition of this book includes new applications and real-world examples, making it relevant for today's dynamic pricing environment. It's a must-read for anyone in the field of pricing and revenue management.
- I've read several books on pricing, but this one stands out for its comprehensive coverage and accessibility. The author presents complex concepts in a clear and understandable way.
Competitors
- The price of the book may vary depending on the retailer and any ongoing promotions. However, considering the value it offers in terms of knowledge and practical insights, the price is justified. It is recommended to compare prices from different retailers to find the best deal.
- While the exact price of the book cannot be mentioned here, it is competitively priced compared to other similar books in the market. The investment in this book is likely to provide significant returns in terms of improved pricing strategies and revenue optimization.
- When considering the price of the book, it's important to focus on the value it provides. The knowledge gained from this book can lead to increased profitability through effective pricing and revenue optimization.
- Although the price may seem higher than some other books, it is important to recognize the expertise and experience of the author. This book is a valuable resource for anyone serious about mastering pricing and revenue optimization.
Buying Considerations
- Consider your level of knowledge and experience in pricing and revenue optimization. This book is suitable for MBA students, advanced undergraduates, and professionals looking to enhance their understanding and skills in this field.
- Evaluate the relevance of the topics covered in the book to your specific industry. While the principles of pricing and revenue optimization are applicable across industries, the book includes examples and case studies from various sectors.
- Take into account the updates and new topics included in the second edition. If you already own the first edition, consider whether the additional content justifies purchasing the updated version.
- Check for any additional resources or online materials provided by the author or publisher. These can enhance the learning experience and provide practical tools for implementing pricing and revenue optimization strategies.
- Consider the reviews and feedback from other readers. The positive user reviews for this book reflect its value and usefulness in understanding and applying pricing optimization concepts.
- Compare prices from different retailers to find the best deal. Look for discounts or promotions that may be available, but prioritize the value and knowledge gained from the book over the price.
Conclusion
Pricing and Revenue Optimization: Second Edition 2nd Edition is a highly recommended book for anyone looking to gain a practical understanding of pricing strategies and optimization techniques. Its accessibility, real-world examples, and updated content make it a valuable resource for MBA students, professionals, and individuals interested in enhancing their pricing and revenue management practices.
View LessPricing and Revenue Optimization: Second Edition 2nd Edition is a comprehensive guide to understanding the concepts, theories, and applications of pricing and revenue optimization. This book offers a practical approach to pricing strategies and optimization techniques, making it accessible to MBA students, MS students, and advanced undergraduates. It also provides valuable insights for managers looking to improve their pricing and revenue management practices. Continue Reading
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Corporate Finance Editorial Review
"Pricing and Revenue Optimization: Second Edition" is an exceptional resource for anyone looking to delve into the complex world of pricing and revenue optimization. Written by a leading expert in the field, the book is full of valuable information and detailed insights that go above and beyond what was provided in the first edition. The author covers a wide range of topics, making it suitable for data scientists, economists, and professionals in pricing and revenue optimization. The book is highly informative, delving into the intricacies and intricacies of the subject matter. Readers will find themselves equipped with all the necessary tools and knowledge to understand the nuts and bolts of pricing and revenue optimization. One feature that stands out about this book is its incredibly affordable price. Despite being packed with valuable content, the book is priced lower than expected, adding even more value for readers. Overall, "Pricing and Revenue Optimization: Second Edition" is highly recommended for individuals seeking an in-depth understanding of pricing and revenue optimization concepts. It offers substantial substance and valuable insights, making it an essential read for those interested in landing a job in this field.
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Pros
- Excellent value for money
- Comprehensive and detailed information
- Suitable for data scientists, economists, and pricing professionals
- Affordable price
Product Price History
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Features & Benefits
- Introduces concepts, theories, and applications of pricing and revenue optimization
- Accessible to MBA students, MS students, and advanced undergraduates
- Covers topics such as machine-learning-based price optimization and estimation of price-response functions
- Includes discussions of real-world applications in industries such as sports, theater, and electric power
- Current coverage of important applications such as revenue management, markdown management, and customized pricing
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