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A new geographical pricing model within the principle of geomarketing-mix

Authors :
Martine Pelé
Jérôme Baray
Institut de Recherche en Gestion (IRG)
Université Paris-Est Marne-la-Vallée (UPEM)-Université Paris-Est Créteil Val-de-Marne - Paris 12 (UPEC UP12)
Baray, Jérôme
Source :
Recherche et Applications en Marketing (English Edition), Recherche et Applications en Marketing (English Edition), SAGE Publications, 2020, 35(3) 29– 51
Publication Year :
2020
Publisher :
HAL CCSD, 2020.

Abstract

International audience; This article introduces a new model which aims at spatially optimizing the price of a product or service by considering supply and demand features, including their geographical location. Introducing the concept of a geomarketing-mix, factorial analysis and fuzzy clustering can be employed to automatically detect business and strategic opportunities. The method is applied to the French secondhand car market. By so doing, it is possible, first, to identify geographic areas that are typical of a certain supply and, second, to specify the optimal prices and types of vehicles for sale in these areas in view of a given marketing strategy.

Details

Language :
English
ISSN :
20515707
Database :
OpenAIRE
Journal :
Recherche et Applications en Marketing (English Edition), Recherche et Applications en Marketing (English Edition), SAGE Publications, 2020, 35(3) 29– 51
Accession number :
edsair.doi.dedup.....9a5b8ee3d9e7314f4b73a3e445556bdc