Surge pricing definition

Surge pricing means charging a transportation network
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Surge pricing means the output of an algorithm of an Aggregator, which automatically raises the price of a trip when demand outstrips supply within a fixed geographic area ; and
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Surge pricing. An additional $2 will be added for each boarding option. Surge Pricing will be effective on all weekends, holidays, and Spring Break. Daycare: Daycare is $27/day (+$22/additional dog).
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Examples of Surge pricing in a sentence

  • Surge pricing is where the digital dispatching service company increases the price of the fare based on increased demand outweighing available supply.

  • Surge pricing could also be implemented through the use of the MaaS platform.

  • Surge pricing, demand pricing, or time-based pricing to set flexible prices for reservations and/or POS functions based on market demands.

  • For a period of six (6) years from the Closing Date or for such longer period as may be required by applicable Law, the Purchaser covenants and agrees to retain all original accounting Books and Records relating to, or for the period as set forth in Article 8 for the periods specifically set out therein, as the case may be, to the Corporations for the period prior to the Closing Date.

  • Surge pricing is the pricing algorithm that increases the prices of rides during periods of excessive demand relative to driver supply.

  • Surge pricing is the Grab innovation, where the price varies according to demand.

  • Surge pricing is a form of dynamic pricing that takes into account current demand and supply conditions at a given location.

  • Surge pricing is an Uber innovation, where the price varies according to demand.

  • Drivers sometimes do not turn on the AC even after repeated reminders.• Artificial Surge pricing – While booking a ride, customers notice many cabs around the location but the pop up says that they have to pay higher price as there is a demand.

  • Management Science 6(2):477–493.‌Besbes O, Castro F, Lobel I (2021) Surge pricing and its spatial supply response.


More Definitions of Surge pricing

Surge pricing means the practice of a company that uses a digital platform applying a multiplier to customer fares during a surge pricing event.
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Surge pricing means charging a transportation network company rider a higher fare rate than the usual fare rate charged for the prearranged ride during times of high demand for prearranged rides, including, but not limited to, by using a rate multiplier.
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Surge pricing means any pricing of a Vehicle For Hire transportation service that is based in whole or in part on the level of consumer demand for the transportation service at or about the time at which the transportation service is offered or provided;
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Surge pricing means the output of an algorithm of an Aggregatoror upto 50% of the base fare, but shall not exceed the rate prescribed by State Government under Section 67 of Motor Vehicles Act, 1988 from time to time, whichever is less, which
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Related to Surge pricing

  • Catalog Pricing and Pricing Requirements

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Level I Pricing applies on any day on which the Borrower’s long-term debt is rated A+ or higher by S&P or A1 or higher by Moody’s.

  • Level II Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A or higher by S&P or A2 or higher by Moody’s and (ii) Level I Pricing does not apply.

  • Level III Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A- or higher by S&P or A3 or higher by Moody’s and (ii) neither Level I Pricing nor Level II Pricing applies.

  • Spread pricing means the model of prescription drug pricing in which the pharmacy benefits

  • Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

  • Adjustment system means the complete device by which the vehicle seat or its parts can be adjusted to suit the physique of the seat's adult occupant; this device may, in particular, permit longitudinal displacement, and/or vertical displacement, and/or angular displacement.

  • Established catalogue price means the price included in a catalogue, price list, schedule, or other form that:

  • Reliability pricing model or "RPM" means PJM's capacity-

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Extended Summer Resource Price Adder means, for Delivery Years through May 31, 2018, an addition to the marginal value of Unforced Capacity as necessary to reflect the price of Annual Resources and Extended Summer Demand Resources required to meet the applicable Minimum Extended Summer Resource Requirement.

  • Automated data acquisition and handling system or "DAHS" means that component of the continuous emission monitoring system, or other emissions monitoring system approved for use under section 11 of this rule, designed to interpret and convert individual output signals from pollutant concentration monitors, flow monitors, diluent gas monitors, and other component parts of the monitoring system to produce a continuous record of the measured parameters in the measurement units required by section 11 of this rule.

  • Local Exchange Routing Guide (LERG) is a Telcordia Reference document used by Telecommunications Carriers to identify NPA-NXX routing and homing information as well as Network element and equipment designations.

  • Local Number Portability (LNP) means the ability of users of Telecommunications Services to retain the presence of a previously existing telephone number(s).

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Local Number Portability or "LNP" shall have the meaning set forth in Section 10.2.1.1.

  • ESG Pricing Provisions has the meaning specified in Section 2.18.

  • Local Exchange Routing Guide (LERG means the iconectiv Reference document used by Telecommunications Carriers to identify NPA-NXX routing and homing information as well as Network element and equipment designations.

  • Data Universal Number System (DUNS) Number means the 9-digit number assigned by Dun and Bradstreet, Inc. (D&B) to identify unique business entities.

  • Sustainability Structuring Agent means PNC Capital Markets LLC.

  • HCPCS means CMS' Healthcare Common Procedure Coding System, which describes products, supplies, procedures and health professional services and includes, the American Medical Associations (AMA's) Physician "Current Procedural Terminology", Fourth Edition (CPT-4) codes, alphanumeric codes, and related modifiers.

  • Monitoring Indicator means a measure of HSP performance that may be monitored against provincial results or provincial targets, but for which no Performance Target is set;

  • Interim Number Portability or “INP” means the use of existing and available call routing, forwarding, and addressing capabilities (e.g. remote call forwarding) to enable a Customer to receive Telephone Exchange Service provided by any Local Exchange Carrier operating within the exchange area with which the Customer’s telephone number(s) is associated, without having to change the telephone number presently assigned to the Customer and regardless of whether the Customer’s chosen Local Exchange Carrier is the carrier that originally assigned the number to the Customer.

  • Track Usage Price List means the document entitled "Track Usage Price List" published by Network Rail on or about 20 December 2018 which, for the purposes of this contract, shall be deemed to incorporate any supplements to that document consented to or determined pursuant to paragraph 2.2.10 of Schedule 7 to this contract or a freight track access contract previously held by the Train Operator;

  • CDBG-DR means the Community Development Block Grant Disaster Recovery program administered by the U.S. Department of Housing and Urban Development (“HUD”). Such program includes residential repair, construction, or reconstruction projects or programs administered by HUD in cooperation with the GLO.