In the Research Paper "Personalized Dynamic Pricing of Limited Inventories

question 65

Multiple Choice

In the research paper "Personalized Dynamic Pricing of Limited Inventories" by Aydin and Ziya (2007) , the authors note: [I]mplementing personalization [with regard to pricing] to such a full extent may be impractical. Instead, a seller may want to use a personalization strategy where there is an announced price and single discount level that can possibly be offered to a customer depending on the signal from the customer."
Source: G. Aydin and S. Ziya (2009) , "Personalized Dynamic Pricing of Limited Inventories," Operations Research, Vol. 57, No. 6, November/December, pp. 1523-1531.
An everyday example of this would be a discount on:

• A) movie tickets when the customer signals that she or he is single.
• B) movie tickets when the customer signals that he or she is a student.
• C) Twilight movie tickets when the customer signals that she or he is a Twilight fan.
• D) Avengers movie tickets when the customer signals that he or she is a silent-film fan.
• E) concessions when the customer signals that she or he is on a diet.

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Definitions:

Student Nurse

An individual in the process of undergoing education and training in the nursing profession, often involving both theoretical and practical components.

Nursing Assistant

A healthcare professional who provides basic care and daily living assistance to patients, working under the supervision of nursing staff.

Intake and Output Data

The measurement and recording of all fluids entering and leaving the body, commonly used in healthcare settings to assess a patient’s fluid balance.

State Nurse Practice Act

Legislation that defines the scope of nursing practice within a particular state, aiming to protect public health and safety.