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They decided, therefore, to pilot a Six Sigma pricing project in one of the company's North American subsidiaries.
Six weeks on from kicking off its experimental new pricing project, mytaxi has released the first tranche of data on how the model is working — and it shows a small increase in the average commission paid by drivers per journey: 87 euro cents, up from the 79 cent fixed fee of the old model.
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Both the local aggregator and dynamic pricing projects present potentials for retail competition and feasibility of upscaling in Europe.
Congestion-relief pricing projects in Germany, Norway, South Korea, Canada and Singapore have demonstrated that a significant number of drivers will alter their driving habits to avoid paying peak-hour prices, thereby easing congestion and reducing environmental effects for the benefit of the entire population.
What 2 professors learned building their Billion Prices Project.
Snapshot of data gathered by the Billion Price Project.
The Billion Prices Project (BPP) estimates daily inflation in 70 countries.
A new venture called the Billion Prices Project may help change that.
TODAY in interesting things I didn't know about: the Billion Prices Project at MIT.
MIT Sloan professor Roberto Rigobon and Harvard University professor Alberto Cavallo are the co-founders of the Billion Prices Project.
"The Billion Price Project was one of the things that inspired us," Toole says.
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