Buch, Englisch, 100 Seiten, Format (B × H): 210 mm x 297 mm, Gewicht: 322 g
Temperature, Elasticity, and the Behavioral Economics of Automated Real-Time Retail
Buch, Englisch, 100 Seiten, Format (B × H): 210 mm x 297 mm, Gewicht: 322 g
ISBN: 978-3-565-38009-1
Verlag: epubli
You walk up to a vending machine on a freezing winter morning, and a bottle of water costs one dollar. You return to the exact same machine on a sweltering, 100-degree summer afternoon, and the digital display now demands two dollars for the exact same bottle. This is not a glitch; it is the ruthless, algorithmically driven future of automated retail.
This book exposes the controversial integration of IoT (Internet of Things) and dynamic surge pricing into global vending networks. Equipped with cellular data connections and ambient temperature sensors, modern machines are programmed to exploit real-time price elasticity. When the physical temperature rises, the algorithm knows the consumer's physiological desperation for hydration has also spiked, and it silently, automatically raises the price to capture the maximum possible profit margin.
We analyze the intense consumer backlash when these technologies were first publicly tested, the ethical debates surrounding algorithmic price gouging on basic human necessities, and how convenience stores are adopting electronic shelf labels to mimic this invisible fluctuation.
Witness the end of the fixed price tag. A sharp look at how behavioral economics and connected sensors allow machines to financially exploit the weather.
