Smart Dynamic Pricing Based on ECA Rules and Electronic Ink Labeling for Retail

  • Diego Sánchez de Rivera
  • Álvaro Sánchez-Picot
  • Ramón Alcarria
  • Diego Martín de Andrés
  • Tomás Robles
Part of the Lecture Notes in Computer Science book series (LNCS, volume 8867)

Abstract

Product pricing requires complex task to offer customers real time information and current price values at the point of sale. Information technologies can solve the problems associated to the generation and distribution systems of the product information. In this paper, a system for autonomous price management and distribution is presented. Using ECA rules and electronic ink technologies, a simple administration task is required to configure the global system. The result is a composite of a software application module and a hardware distribution prototype working together to provide price updates in a market environment. The requirements of this system have been drawn from proposals made by some Spanish Supermarket managers during execution of the project SMARKET, a project funded by the Ministry of Economy and Competitiveness of Spain.

Keywords

management dynamic pricing ECA rules system prototype 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. 1.
    Bianchi, C., Bivona, E.: Opportunities and pitfalls related to e-commerce strategies in small–medium firms: A system dynamics approach. Syst. Dyn. Rev. 18, 403–429 (2002), doi:10.1002/sdr.256CrossRefGoogle Scholar
  2. 2.
    Robles, T., Alcarria, R., Morales, A., Martín, D.: Supporting variability dependencies for rule-based service compositions in prosumer environments. International Journal of Web and Grid Services 10(2/3) (2014)Google Scholar
  3. 3.
    Gaimon, C.: Simultaneous and dynamic price, production, inventory and capacity decisions. European Journal of Operational Research 35(3), 426–441 (1988)CrossRefMathSciNetGoogle Scholar
  4. 4.
    Heimrich, T., Specht, G.: Enhancing ECA Rules for Distributed Active Database Systems. In: Chaudhri, A.B., Jeckle, M., Rahm, E., Unland, R. (eds.) Web Databases and Web Services 2002. LNCS, vol. 2593, pp. 199–205. Springer, Heidelberg (2003)CrossRefGoogle Scholar
  5. 5.
    Gonzalez-Miranda, S., Alcarria, R., Robles, T., Morales, A., Gonzalez, I., Montcada, E.: Future Supermarket: overcoming Food Awareness challenges. In: Seventh International Conference on Innovative Mobile and Internet Services in Ubiquitous Computing, ICDS 2012. Asia Univ., Taichung (2013)Google Scholar
  6. 6.
    Serrano, E., Moncada, P., Garijo, M., Iglesias, C.A.: Evaluating social choice techniques into intelligent environments by agent based social simulation. Information Sciences 286, 102–124 (2014)CrossRefMathSciNetGoogle Scholar

Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Diego Sánchez de Rivera
    • 1
  • Álvaro Sánchez-Picot
    • 1
  • Ramón Alcarria
    • 1
  • Diego Martín de Andrés
    • 1
  • Tomás Robles
    • 1
  1. 1.Dept. de Ingeniería de Sistemas TelemáticosTechnical University of MadridSpain

Personalised recommendations