Abstract | ||
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This paper addresses the pricing policies of substitutable fresh food products under different market structures. By considering the quality changes of fresh products over time, these paper models a situation wherein substitutable fresh products are sold and the seller makes decisions regarding the times to markdown prices and offer discount rates. Furthermore, the standard and two-level evolution algorithms are adopted to solve numerical cases that involve different market structures. Based on the profit function of each product, the optimal solutions for different market structures - monopoly and monopolistic competition - are derived. |
Year | DOI | Venue |
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2021 | 10.1080/17517575.2020.1722250 | ENTERPRISE INFORMATION SYSTEMS |
Keywords | DocType | Volume |
Dynamic pricing, fresh food, market structure, genetic algorithm, fresh food enterprise two-level evolutionary algorithm | Journal | 15 |
Issue | ISSN | Citations |
3 | 1751-7575 | 0 |
PageRank | References | Authors |
0.34 | 0 | 3 |
Name | Order | Citations | PageRank |
---|---|---|---|
Dilupa Nakandala | 1 | 37 | 8.04 |
Henry C. W. Lau | 2 | 301 | 33.27 |
Jingjing Zhang | 3 | 0 | 0.34 |