Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour

Li Zhou; Jing Li

doi:doi:10.11648/j.sjams.20140204.12

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Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour

Li Zhou, Jing Li

Published in Science Journal of Applied Mathematics and Statistics (Volume 2, Issue 4)

Received: 23 July 2014 Accepted: 29 July 2014 Published: 10 August 2014

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Abstract

It mainly focuses the consumer strategy behavior effect on retailers pricing mechanism. Under the condition of uncertainty demand and deterministic demand, consumers’ strategy behavior influence to price and profit. By introducing a discount factor, considering inventory timely complement and fixed inventory in two cases, obtains purchase decision and dynamic pricing strategies of consumers.

Published in	Science Journal of Applied Mathematics and Statistics (Volume 2, Issue 4)
DOI	10.11648/j.sjams.20140204.12
Page(s)	78-84
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

Consumer Strategy, Perishable Products, Dynamic Pricing, Inventory

References

[1]	Elmaghraby W, Keskinocak P. “Dynamic Pricing in the Presence of Inventory Considerations:Research Overview, Current Practices, and Future Directions”, Management Science, vol.49,pp1287-1309, Oct 2003.
[2]	Zhou Yongpin, Fan Ming, Cho Minho. “On the threshold purchasing behavior of customers facing dynamically priced perishable products”, Presentation at Informs Pittsburgh National Meeting, Nov 2006.
[3]	Aviv Y, Pazgal A. “Optimal Pricing of Seasonal Products in the Presence of Forward-Looking Consumers”, Manufacturing & Service Operations Management, vol.4, pp.1-21,Jan 2008.
[4]	Peng Zhiqiang, Xiong Zhongkai, Li Gendao. “The Inter-temporal Pricing and Price Match Mechanism with Strategic Customers”, Journal of Industrial Engineering and Engineering Management, vol.24,pp.53-57, April 2010.
[5]	Cheng Yan. “Delay buying behavior-oriented perishable products dynamic bundling strategy in e-commerce setting”, Systems Engineering Theory & Practice, vol.31, pp. 1892-1902,Oct.2011.
[6]	Dou Jinhu Tian Peng. “Research on the effect of perishable goods' depreciation on dynamic pricing”. Shanghai Management Science, vol.33, pp.40-43,Jan 2011.

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APA Style

Li Zhou, Jing Li. (2014). Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour. Science Journal of Applied Mathematics and Statistics, 2(4), 78-84. https://doi.org/10.11648/j.sjams.20140204.12

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ACS Style

Li Zhou; Jing Li. Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour. Sci. J. Appl. Math. Stat. 2014, 2(4), 78-84. doi: 10.11648/j.sjams.20140204.12

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AMA Style

Li Zhou, Jing Li. Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour. Sci J Appl Math Stat. 2014;2(4):78-84. doi: 10.11648/j.sjams.20140204.12

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@article{10.11648/j.sjams.20140204.12,
  author = {Li Zhou and Jing Li},
  title = {Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour},
  journal = {Science Journal of Applied Mathematics and Statistics},
  volume = {2},
  number = {4},
  pages = {78-84},
  doi = {10.11648/j.sjams.20140204.12},
  url = {https://doi.org/10.11648/j.sjams.20140204.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjams.20140204.12},
  abstract = {It mainly focuses the consumer strategy behavior effect on retailers pricing mechanism. Under the condition of uncertainty demand and deterministic demand, consumers’ strategy behavior influence to price and profit. By introducing a discount factor, considering inventory timely complement and fixed inventory in two cases, obtains purchase decision and dynamic pricing strategies of consumers.},
 year = {2014}
}

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TY  - JOUR
T1  - Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour
AU  - Li Zhou
AU  - Jing Li
Y1  - 2014/08/10
PY  - 2014
N1  - https://doi.org/10.11648/j.sjams.20140204.12
DO  - 10.11648/j.sjams.20140204.12
T2  - Science Journal of Applied Mathematics and Statistics
JF  - Science Journal of Applied Mathematics and Statistics
JO  - Science Journal of Applied Mathematics and Statistics
SP  - 78
EP  - 84
PB  - Science Publishing Group
SN  - 2376-9513
UR  - https://doi.org/10.11648/j.sjams.20140204.12
AB  - It mainly focuses the consumer strategy behavior effect on retailers pricing mechanism. Under the condition of uncertainty demand and deterministic demand, consumers’ strategy behavior influence to price and profit. By introducing a discount factor, considering inventory timely complement and fixed inventory in two cases, obtains purchase decision and dynamic pricing strategies of consumers.
VL  - 2
IS  - 4
ER  -

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Author Information

Li Zhou

School of Information, Beijing Wuzi University, Beijing, China
Jing Li

Graduate department, Beijing Wuzi University, Beijing, China

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Plain Text BibTeX RIS

APA Style

Li Zhou, Jing Li. (2014). Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour. Science Journal of Applied Mathematics and Statistics, 2(4), 78-84. https://doi.org/10.11648/j.sjams.20140204.12

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ACS Style

Li Zhou; Jing Li. Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour. Sci. J. Appl. Math. Stat. 2014, 2(4), 78-84. doi: 10.11648/j.sjams.20140204.12

Copy | Download

AMA Style

Li Zhou, Jing Li. Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour. Sci J Appl Math Stat. 2014;2(4):78-84. doi: 10.11648/j.sjams.20140204.12

Copy | Download

@article{10.11648/j.sjams.20140204.12,
  author = {Li Zhou and Jing Li},
  title = {Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour},
  journal = {Science Journal of Applied Mathematics and Statistics},
  volume = {2},
  number = {4},
  pages = {78-84},
  doi = {10.11648/j.sjams.20140204.12},
  url = {https://doi.org/10.11648/j.sjams.20140204.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjams.20140204.12},
  abstract = {It mainly focuses the consumer strategy behavior effect on retailers pricing mechanism. Under the condition of uncertainty demand and deterministic demand, consumers’ strategy behavior influence to price and profit. By introducing a discount factor, considering inventory timely complement and fixed inventory in two cases, obtains purchase decision and dynamic pricing strategies of consumers.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Dynamic Pricing Research on Perishable Products under Consumer Strategy Behaviour
AU  - Li Zhou
AU  - Jing Li
Y1  - 2014/08/10
PY  - 2014
N1  - https://doi.org/10.11648/j.sjams.20140204.12
DO  - 10.11648/j.sjams.20140204.12
T2  - Science Journal of Applied Mathematics and Statistics
JF  - Science Journal of Applied Mathematics and Statistics
JO  - Science Journal of Applied Mathematics and Statistics
SP  - 78
EP  - 84
PB  - Science Publishing Group
SN  - 2376-9513
UR  - https://doi.org/10.11648/j.sjams.20140204.12
AB  - It mainly focuses the consumer strategy behavior effect on retailers pricing mechanism. Under the condition of uncertainty demand and deterministic demand, consumers’ strategy behavior influence to price and profit. By introducing a discount factor, considering inventory timely complement and fixed inventory in two cases, obtains purchase decision and dynamic pricing strategies of consumers.
VL  - 2
IS  - 4
ER  -

Copy | Download