Pdf Effects Of Dynamic Pricing Of Perishable Products On Revenue And Waste

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We present a literature review on quality and operations management problems in food supply chains.

Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons

Firms increasingly deploy algorithmic pricing approaches to determine what to charge for their goods and services. Algorithmic pricing can discriminate prices both dynamically over time and personally depending on individual consumer information. Although legal, the ethicality of such approaches needs to be examined as often they trigger moral concerns and sometimes outrage. In this research paper, we provide an overview and discussion of the ethical challenges germane to algorithmic pricing. As a basis for our discussion, we perform a systematic interpretative review of related articles on dynamic and personalized pricing as well as pricing algorithms in general.

Dynamic pricing is one of the most exciting topics in the pricing world right now, with digitalization providing many great opportunities for companies to be more responsive with their pricing. But despite its technological underpinnings, dynamic pricing requires strong human oversight directed by a clear strategy. This shift has been largely enabled by digitalization; data is becoming more richly available, processing power is increasing and new technologies like electronic price tags are emerging that make it much easier for companies to adjust prices quickly and effectively. Dynamic pricing can be located within a broader move towards customization and personalization with the emergence of data — companies now have the power to learn more about their customers and differentiate customer segments by price sensitivity, linking this insight with key market variables, such as supply and demand, timing and perishability. The potential of dynamic pricing is huge.

University of Twente Student Theses

Felix, P. More statistics for this item Repository Staff Only: item control page. University of Twente Student Theses. Data-driven retail food waste reduction : a comparison of demand forecasting techniques and dynamic pricing strategies.

Effects of dynamic pricing of perishable products on revenue and waste

Perishable products like dairy products, vegetables, fruits, pharmaceuticals, etc. Customers generally prefer the fresh products over aged ones, leading the perishable products to have a decreasing demand function with respect to their age. We analyze the inventory management and pricing decisions for these products, considering an age-and-price-dependent stochastic demand function. A stochastic dynamic programming model is developed in order to decide when and how much inventory to order and how to price these products considering their freshness over time.

Quality and Operations Management in Food Supply Chains: A Literature Review

In order to attract customers, many retailers are offering a large number of perishable products. This allows them to compete against the more traditional channels that specialize in these items Adenso-Diaz et al. Li et al. Perishable products often require careful handling, and their limited shelf life requires the implementation of some sort of strategy that manages the spoilage of outdated units.

Skip to Main Content. A not-for-profit organization, IEEE is the world's largest technical professional organization dedicated to advancing technology for the benefit of humanity. Use of this web site signifies your agreement to the terms and conditions. Sustainable Dynamic Pricing for Perishable Food with Stochastic Demand Abstract: In current competitive environment, retailers are facing a fierce competition and are aiming to manipulate customer purchasing attitudes. Dynamic pricing strategy is a major determinant of retailer's profitability when considering perishable food. Furthermore, increasing pressure from society and international organizations calls for food security, safety and decreased food waste and losses.

Quality and Operations Management in Food Supply Chain

Xuanming Su, Full references including those not matched with items on IDEAS Most related items These are the items that most often cite the same works as this one and are cited by the same works as this one. Strauss, Arne K. Murthy, Tang, Christopher S. Adam J. Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.

 Это была шутка, Мидж.  - Но он знал, что сказанного не вернешь. ГЛАВА 62 Коммандер и Сьюзан стояли у закрытого люка и обсуждали, что делать. - Итак, внизу у нас погибший Чатрукьян, - констатировал Стратмор.  - Если мы вызовем помощь, шифровалка превратится в цирк. - Так что же вы предлагаете? - спросила Сьюзан.

Это не принесет тебе радости. У нас много денег - какая разница, кто из нас их получает. Но это была чужая епархия. В конце концов ей пришлось смириться. Когда они в ту ночь отправились спать, она старалась радоваться с ним вместе, но что-то в глубине души говорило ей: все это кончится плохо. Она оказалась права, но никогда не подозревала насколько. - Вы заплатили ему десять тысяч долларов? - Она повысила голос.

 - Отпусти. - Чатрукьян был совсем мальчишка. Ради всего святого, зачем вы это сделали.

Осмотрели карманы, одежду, бумажники. Ничего похожего. У Халохота был компьютер Монокль, мы и его проверили. Похоже, он не передал ничего хотя бы отдаленно похожего на набор букв и цифр - только список тех, кого ликвидировал. - Черт возьми! - не сдержался Фонтейн, теряя самообладание.

Хейл понимал: то, что он сейчас скажет, либо принесет ему свободу, либо станет его смертным приговором. Он набрал в легкие воздуха. - Вы хотите приделать к Цифровой крепости черный ход. Его слова встретило гробовое молчание.

5 Response
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  2. Sara M.

    Request PDF | Effects of dynamic pricing of perishable products on revenue and waste | This paper deals with dynamic price strategies to.

  3. Elise P.

    Although a dynamic price strategy helps reduce spoilage, its effect on total revenue Effects of dynamic pricing of perishable products on revenue and waste.

  4. Fabricio B.

    In many industries, managers face the problem of selling a given stock of items by a deadline.

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