Optimal Price and Freshness-Keeping Effort Level for a Reseller with Product Freshness and Quantity Deteriorating Simultaneously

DOI

10.2991/icmia-16.2016.45How to use a DOI?

Keywords

fresh agricultural products; product freshness and quantity deterioration; pricing; freshness-keeping effort level.

Abstract

This paper introduces the freshness rate factor decays exponentially as time goes on to model a market demand function depends on sales price and freshness rate. At the same time, considering the dual influences exerted from the way freshness-keeping effort level of the reseller to the arrival rate and freshness, we've discussed the optimal price and freshness-keeping effort level on the basis of metamorphic inventory control theoretical model, and analyzed the influence of related parameters on the result of strategy.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yan Shi
AU  - Wen-Sheng Yang
PY  - 2016/11
DA  - 2016/11
TI  - Optimal Price and Freshness-Keeping Effort Level for a Reseller with Product Freshness and Quantity Deteriorating Simultaneously
BT  - Proceedings of the 2016 5th International Conference on Measurement, Instrumentation and Automation (ICMIA 2016)
PB  - Atlantis Press
SP  - 246
EP  - 250
SN  - 1951-6851
UR  - https://doi.org/10.2991/icmia-16.2016.45
DO  - 10.2991/icmia-16.2016.45
ID  - Shi2016/11
ER  -