Optimal Price and Freshness-Keeping Effort Level for a Reseller with Product Freshness and Quantity Deteriorating Simultaneously
Authors
Yan Shi, Wen-Sheng Yang
Corresponding Author
Yan Shi
Available Online November 2016.
- 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/).
Cite this article
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 -