Dynamic Pricing of Perishable Products under Consumer Factor
نویسندگان
چکیده
منابع مشابه
Dynamic Pricing of Perishable Products under Consumer Factor
With effect of consumer factor considered, a model for dynamic pricing of perishable products is proposed. By this model, we obtained a property of the value function: marginal value is a decreasing function of the capacity and an increasing function of the consumer factor. Basing on this property, we proposed the following pricing strategy: according to the regions that the perishable products...
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Yalçın Akçay College of Administrative Sciences and Economics, Koç University, Rumeli Feneri Yolu, Istanbul, Turkey, 34450, [email protected] Harihara Prasad Natarajan Department of Management, School of Business Administration, University of Miami, Coral Gables, FL 33124, [email protected] Susan H. Xu Department of Supply Chain and Information Systems, Smeal College of Business, Penn State Univers...
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Dynamic pricing is a standard practice that sellers use for revenue management. With the vast availability of pricing and inventory data on the Internet, it is possible for consumers to become aware of the pricing strategies used by sellers and to develop strategic responses. In this paper, we study the strategic response of consumers to dynamic prices for perishable products. As price fluctuat...
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ژورنال
عنوان ژورنال: Journal of Service Science and Management
سال: 2011
ISSN: 1940-9893,1940-9907
DOI: 10.4236/jssm.2011.44049