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Development of an Algorithm for the Application of Price Promo Mechanics for Marketplaces

Student: Natalia Kuzmina

Supervisor: Mikhail M. Komarov

Faculty: Graduate School of Business

Educational Programme: Electronic Business and Digital Innovations (Master)

Final Grade: 7

Year of Graduation: 2024

This work is a study of the impact of price promo mechanics on users and the e-commerce market. The purpose of the study is to evaluate the effectiveness of various price promo mechanics, as well as to identify practical aspects of the use of price promo mechanics in online trading. The paper analyzes the impact of price promotions on consumer behavior, their preferences and reaction to price changes. Based on the conducted research, recommendations are formulated to optimize the use of price promo mechanics in order to increase conversion, retain customers and strengthen the position of companies in the e-commerce market. The results obtained can be used to develop more effective pricing strategies and marketing campaigns in online trading.

Full text (added May 15, 2024)

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