Strategic Consumer Response to Dynamic Pricing of Perishable Products
نویسندگان
چکیده
منابع مشابه
Strategic Consumer Response to Dynamic Pricing of Perishable Products
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...
متن کاملJoint Dynamic Pricing of Multiple Perishable Products Under Consumer Choice
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...
متن کاملDynamic 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...
متن کاملDynamic Pricing of Perishable Products with Competition
With the development of product development technology and the rapid rise of online retailing, the market competition becomes increasingly fierce. Based on consumer utility function, this article established a two-stage dynamic pricing model and discussed pricing strategies under consumer behavior and market competition. Findings indicate that product quality difference and consumer valuation d...
متن کاملResearch on dynamic pricing of perishable products under uncertain consumer demand
It mainly focuses the consumer strategy behavior effect on retailers pricing mechanism. Under the condition of uncertainty demand, consumers’ strategy behavior influence to price and profit. By introducing a discount factor, considering inventory timely complement and fixed inventory in two cases, obtains purchase decision and dynamic pricing strategies of consumers.
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.945284