In the Research Paper "Personalized Dynamic Pricing of Limited Inventories

question 3

Multiple Choice

In the research paper "Personalized Dynamic Pricing of Limited Inventories" by Aydin and Ziya (2007) ,the authors note that
[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,"Personalized Dynamic Pricing of Limited Inventories," Operations Research 57,no.6 (November/December 2009) : 1523-1531.
An everyday example of this would be a discount on

• A) movie tickets when the customer signals that he or she 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 he or she 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 he or she is on a diet.

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Definitions:

Long-term Memory

The capacity of the brain to store, maintain, and retrieve information over long periods, which can last from hours to decades.

Procedural Memory

Refers to the type of long-term memory that is responsible for knowing how to do things, also known as motor skills.

Semantic Memory

A person’s knowledge about the world.

Atkinson-Shiffrin Theory

Theory stating that memory storage involves three separate systems: sensory memory, short-term memory, and long-term memory.