Research on the Modeling of Automatic Pricing and Replenishment Strategies for Perishable Goods with Time-Varying Deterioration Rates
This paper focuses on the modeling of automatic pricing and replenishment strategies for perishable products with time-varying deterioration rates based on an improved SVR-LSTM-ARIMA hybrid model. This research aims to support supermarkets in planning future strategies, optimizing category structure...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-01-01
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| Series: | Axioms |
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| Online Access: | https://www.mdpi.com/2075-1680/13/1/62 |
| _version_ | 1797344644503175168 |
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| author | Aihua Gu Zhongzhen Yan Xixi Zhang Yongsheng Xiang |
| author_facet | Aihua Gu Zhongzhen Yan Xixi Zhang Yongsheng Xiang |
| author_sort | Aihua Gu |
| collection | DOAJ |
| description | This paper focuses on the modeling of automatic pricing and replenishment strategies for perishable products with time-varying deterioration rates based on an improved SVR-LSTM-ARIMA hybrid model. This research aims to support supermarkets in planning future strategies, optimizing category structure, reducing loss rates, and improving profit margins and service quality. Specifically, the paper selects perishable vegetables as the research category and calculates the cost-plus ratio for each vegetable category. Correlation analysis is conducted with total sales, and a non-parametric relationship curve is obtained using support vector regression for nonlinear fitting. The long and short memory recurrent neural network is then used to predict sales volume, and a pricing strategy is calculated based on the fitting curve. Additionally, the paper establishes a correlation between loss rate and shelf life, corrects the daily average sales volume index, and solves the problem of quantity and category of replenishment using a backpack problem approach. By considering multiple constraints, a quantitative category replenishment volume and pricing strategy is obtained. The mathematical model proposed in this paper addresses the replenishment and pricing challenges faced by supermarkets, aiming to improve revenue and reduce loss while meeting market requirements. |
| first_indexed | 2024-03-08T11:05:43Z |
| format | Article |
| id | doaj.art-c82ba43561ce4052bd6987066f66c975 |
| institution | Directory Open Access Journal |
| issn | 2075-1680 |
| language | English |
| last_indexed | 2024-03-08T11:05:43Z |
| publishDate | 2024-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Axioms |
| spelling | doaj.art-c82ba43561ce4052bd6987066f66c9752024-01-26T15:04:05ZengMDPI AGAxioms2075-16802024-01-011316210.3390/axioms13010062Research on the Modeling of Automatic Pricing and Replenishment Strategies for Perishable Goods with Time-Varying Deterioration RatesAihua Gu0Zhongzhen Yan1Xixi Zhang2Yongsheng Xiang3School of Information Science and Technology, Yancheng Teachers University, Yancheng 224002, ChinaSchool of Information Science and Technology, Yancheng Teachers University, Yancheng 224002, ChinaSchool of Information Science and Technology, Yancheng Teachers University, Yancheng 224002, ChinaSchool of Information Science and Technology, Yancheng Teachers University, Yancheng 224002, ChinaThis paper focuses on the modeling of automatic pricing and replenishment strategies for perishable products with time-varying deterioration rates based on an improved SVR-LSTM-ARIMA hybrid model. This research aims to support supermarkets in planning future strategies, optimizing category structure, reducing loss rates, and improving profit margins and service quality. Specifically, the paper selects perishable vegetables as the research category and calculates the cost-plus ratio for each vegetable category. Correlation analysis is conducted with total sales, and a non-parametric relationship curve is obtained using support vector regression for nonlinear fitting. The long and short memory recurrent neural network is then used to predict sales volume, and a pricing strategy is calculated based on the fitting curve. Additionally, the paper establishes a correlation between loss rate and shelf life, corrects the daily average sales volume index, and solves the problem of quantity and category of replenishment using a backpack problem approach. By considering multiple constraints, a quantitative category replenishment volume and pricing strategy is obtained. The mathematical model proposed in this paper addresses the replenishment and pricing challenges faced by supermarkets, aiming to improve revenue and reduce loss while meeting market requirements.https://www.mdpi.com/2075-1680/13/1/62data mining and analysissupport vector machinesneural networkssupermarket sales strategycost-plus pricing |
| spellingShingle | Aihua Gu Zhongzhen Yan Xixi Zhang Yongsheng Xiang Research on the Modeling of Automatic Pricing and Replenishment Strategies for Perishable Goods with Time-Varying Deterioration Rates Axioms data mining and analysis support vector machines neural networks supermarket sales strategy cost-plus pricing |
| title | Research on the Modeling of Automatic Pricing and Replenishment Strategies for Perishable Goods with Time-Varying Deterioration Rates |
| title_full | Research on the Modeling of Automatic Pricing and Replenishment Strategies for Perishable Goods with Time-Varying Deterioration Rates |
| title_fullStr | Research on the Modeling of Automatic Pricing and Replenishment Strategies for Perishable Goods with Time-Varying Deterioration Rates |
| title_full_unstemmed | Research on the Modeling of Automatic Pricing and Replenishment Strategies for Perishable Goods with Time-Varying Deterioration Rates |
| title_short | Research on the Modeling of Automatic Pricing and Replenishment Strategies for Perishable Goods with Time-Varying Deterioration Rates |
| title_sort | research on the modeling of automatic pricing and replenishment strategies for perishable goods with time varying deterioration rates |
| topic | data mining and analysis support vector machines neural networks supermarket sales strategy cost-plus pricing |
| url | https://www.mdpi.com/2075-1680/13/1/62 |
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