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  2. Price optimization - Wikipedia

    en.wikipedia.org/wiki/Price_optimization

    Price optimization utilizes data analysis to predict the behavior of potential buyers to different prices of a product or service. Depending on the type of methodology being implemented, the analysis may leverage survey data (e.g. such as in a conjoint pricing analysis [7]) or raw data (e.g. such as in a behavioral analysis leveraging 'big data' [8] [9]).

  3. Pricing strategies - Wikipedia

    en.wikipedia.org/wiki/Pricing_strategies

    Pricing a product based on the value the product has for the customer and not on its costs of production or any other factor. This pricing strategy is frequently used where the value to the customer is many times the cost of producing the item or service.

  4. Product cost management - Wikipedia

    en.wikipedia.org/wiki/Product_cost_management

    Product cost management (PCM) is a set of tools, processes, methods, and culture used by firms who develop and manufacture products to ensure that a product meets its profit (or cost) target. Scope [ edit ]

  5. Product optimization - Wikipedia

    en.wikipedia.org/wiki/Product_optimization

    Production optimization is the practice of making changes or adjustments to a product to make it more desirable. Description. A product has a number of attributes ...

  6. Target costing - Wikipedia

    en.wikipedia.org/wiki/Target_costing

    Target costing is defined as "a disciplined process for determining and achieving a full-stream cost at which a proposed product with specified functionality, performance, and quality must be produced in order to generate the desired profitability at the product’s anticipated selling price over a specified period of time in the future."

  7. Cost engineering - Wikipedia

    en.wikipedia.org/wiki/Cost_engineering

    Cost engineering is "the engineering practice devoted to the ... product or service. ... "Jelen's Cost and Optimization Engineering" 3rd Edition, McGraw-Hill, 1991. ...

  8. Profit maximization - Wikipedia

    en.wikipedia.org/wiki/Profit_maximization

    However, moving the production line to a foreign location may cause unnecessary transportation costs. Close market locations for producing and selling products can improve demand optimization, but when the production cost is much higher, it is not a good choice.

  9. Cost reduction - Wikipedia

    en.wikipedia.org/wiki/Cost_reduction

    Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project [1] or the construction of a building. [2] In the public sector, cost reduction programs can be used where income is reduced or to reduce debt levels. [3]