IndyRap

IndyRap , 3 months ago (edited 3 months ago) to technology in Fast food restaurant Wendy’s plans Uber-like surge pricing, with digital menu boards that change prices depending on demand

External appearance is not the same for both. Elasticity of demand during seasonal time of day and weekday seasonality proves it

People don’t like surge pricing with Uber but they have no choice there’s really no competition. Lyft is the only one so they both do it.

Dynamic pricing is done because of lack of pricing power and monopoly. Most restaurants are franchises. You can’t get franchisees to exhibit monopoly power because they compete amongst themselves in the same brand and vs others. Aside from the fact that it’s illegal.

I’m not saying it’s good just totally not the same.

Dynamic pricing is sneaky and hard to pay attention to. Surge pricing isn’t.

Dynamic pricing allows competition at certain times but screws over people that don’t buy into loyalty cards rewards points or just doesn’t go to the store when everyone else does.

I’m literally the customer that gets punished.

Companies don’t care about customers unless elasticity is proven. They will test elasticity until net margin is maxed out at optimal volume. It’s why Netflix doesn’t give a shit about raising prices. When done in chunks and averaged over time people continue to pay.

Whereas when it’s done in large quantities it has bigger effect on prompt demand.

Fuel stations will raise prices at odd peak times when people that don’t “shop” for fuel get fuel. Then they ramp it down just before peak times.

If customers have loyalty or rewards they typically will be free of these issues because of timed promotions but mostly these prices are inelastic at those times. Which proves that those people don’t care.

These things are like anything else. The loudest people make noise. consumers don’t stop their habits easily unless they feel they don’t have a choice. Hence why surge pricing wouldn’t work in retail.

I’ve worked in retail operations, pricing, and manage/execute machine learning for these projects. You can try to explain it to me and why you think it’s the same but respectfully you’re just patently wrong.

If people actually knew the difference they could look for it but they won’t if everyone just says it’s all the same and mislabels it. People should be looking out for dynamic pricing. Surge pricing doesn’t exist in retail and won’t in the US market.

IndyRap , 3 months ago to technology in Fast food restaurant Wendy’s plans Uber-like surge pricing, with digital menu boards that change prices depending on demand

Well dynamic pricing and surge pricing in practice are the opposite. Both raise prices.

Surge pricing raises it on peak times while dynamic does it throughout the day and usually during off-peak times to subsidize on peak times.

Surge pricing is vastly different than dynamic pricing. Surge pricing has not chance of working in retail when competition exists.

Dynamic pricing is done in retail already and no one bats an eye at it.

Tesla does dynamic pricing. Fuel stations do dynamic pricing.

Energy companies do surge pricing. Uber does surge pricing.

When there’s a monopoly on a market you wouldn’t do dynamic pricing.

But also it’s why heavy regulation is done.

Uber broke this model because they get to operate as a monopoly while gouging their customers.

I’m not defending Wendy’s but as someone in pricing this is a vastly different thing and is 100 times worse than dynamic pricing.

IndyRap , 3 months ago to technology in Fast food restaurant Wendy’s plans Uber-like surge pricing, with digital menu boards that change prices depending on demand

God damn this is ridiculous. People need to read the transcripts it’s not surge pricing.

IndyRap , 4 months ago to android in Pixel Fold 2 Renders

Fuuuuck that. Keep it. I love this pixel fold. Of buy a different manufacturer if others copied the pixel form factor.

IndyRap , 4 months ago to technology in Twitter security staff kept firm in compliance by disobeying Musk, FTC says

Man I love me a good fiction book lol

IndyRap , 4 months ago to technology in Report: Apple is testing foldable iPhones, having the same problems as everyone else

It’s why I think metrics on these arent going to ever be accurate. No I’m not using tablet mode all the time. That’s not why I bought it. It’s to have a tablet when I need it. People tend to judge it as if it’s not good if I’m not using both screens 100% of the time.

IndyRap , 4 months ago to technology in Report: Apple is testing foldable iPhones, having the same problems as everyone else

My pixel fold has been great ha

IndyRap , 5 months ago to technology in Reddit seeks to launch IPO in March

Reddit doesn’t exist without him period full stop. His didn’t get traction and theirs didn’t work.

Not the same thing.

IndyRap , 5 months ago to technology in Xbox is banning users for automatically uploading steamy sex scenes from Baldur's Gate 3

That burned them in the Kinect days. Phil had a big hand in correcting that so I would hope he has enough sense not to let it happen again.

IndyRap , 5 months ago to technology in YouTube is slowing down for users with ad blockers in new wave

Pornhub owns most of those alternatives.

IndyRap , 5 months ago to nostupidquestions in People who order "a decaff coffee with an extra shot" - why?

It’s literally his username haha.

IndyRap , 5 months ago to nostupidquestions in People who order "a decaff coffee with an extra shot" - why?

Schoolyard playground. 3pm. Come alone so I can say I won even if I didn’t.

IndyRap , 5 months ago to nostupidquestions in People who order "a decaff coffee with an extra shot" - why?

Fair enough I figured opinion wouldn’t be popular

IndyRap , 5 months ago to nostupidquestions in People who order "a decaff coffee with an extra shot" - why?

Lol idk drdickhandler you tell me.

IndyRap , 5 months ago to nostupidquestions in People who order "a decaff coffee with an extra shot" - why?

Coffee/beer/alcohol are disgusting and consumed for other purposes than taste.

Fight me.