Research on The Replenishment Pricing Model of Data-oriented Vegetable Products

Authors

  • Zhongyang Han
  • Jiaxuan Dai
  • Jiayu Chen

DOI:

https://doi.org/10.54097/qhj62f81

Keywords:

Pearson correlation analysis, Apriori correlation analysis, LSTM sliding time window.

Abstract

With the rapid development of economic life and the rapid improvement of people's living standards,Consumer demand for vegetable products has changed from quantity to quality.In view of the increasing requirements of consumers for the freshness, appearance, color and other qualities of vegetable products when purchasing.Based on massive data, the relationship between various categories and single products of vegetables is speculated, find out how their sales are distributed.At the problem of large data volume and relatively unclear structure,the data will be pre-processed,choose Pearson Correlation Analysis to look at overall differences and associations.Pandas library, Numpy library and matplotlib library based on Python,perform a more detailed descriptive statistical analysis of the cleaned data,and make relevant charts to show the visualization results.For complex data relationships.social science research needs to comprehensively consider the actual situation of society.The Apripri correlation analysis algorithm was used to further analyze the correlation between categories and unit sales.Based on the available informationThe relationship between the total sales volume of vegetables and the cost-plus pricing method of each category was analyzed.In view of the problems that the purchase volume of goods is difficult to predict, the difference in consumer consumption is obvious, and the seasonal changes are present,this article uses the LSTM time series and sliding time window to predict the daily sales volume of each category in the coming week.Based on this, the purchase cost is calculated, and the regression model is substituted to predict the pricing.Based on multi-objective optimization thinking and genetic algorithm, the goal decision of "revenue-cost-loss" is used as the objective function to seek the goal decision of benefit maximization.Finally, through the application of the time series prediction model, the relationship between the sales volume of each vegetable category and the cost-plus pricing is inferred, and the daily replenishment volume and pricing strategy are formulated to maximize the benefits of supermarkets.

Downloads

Download data is not yet available.

References

Tao Shancheng. Research on spatio-temporal data analysis, prediction and visualization system of grain temperature [D]. Nanjing University of Finance and Economics, 2024.

Gong H ,Li Y ,Zhang J , et al.A new filter feature selection algorithm for classification task by ensembling pearson correlation coefficient and mutual information[J].Engineering Applications of Artificial Intelligence,2024,131107865-.

Mujianto H A ,Mashuri C ,Andriani A , et al.Consumer Customs Analysis Using the Association Rule and Apriori Algorithm for Determining Sales Strategies in Retail Central[J].E3S Web of Conferences,2019,12523003.

[Chen J, Kang S. Joint decision-making of agricultural product pricing and inventory replenishment for dual-channel sales [J]. Industrial Engineering, 2023, 26(03):39-46.

Shen X .Analysis of Commodity Housing Price in Shanghai Based on Multiple Linear Regression Model[J].Academic Journal of Business Management,2022,4.0(3.0):

Elmaghraby W, Keskinocak P. Dynamic Pricing in the Presence of Inventory Considerations: Research Overview, Current Practices, and Future Directions [J]. Management Science, 2003, 49(10): 1287-1309.

Xu Zexin, Yang Lei, Li Kangshun. Prediction model of short long series time series [J/OL]. Computer Application :1-10[2024-01-12]

Shen Chen, Mu Yueying. Analysis of Time series Change of Vegetable Price in Our Country [J]. Statistics and Decision, 2011, (16):78-80.

LI Shuai. Research on commodity pricing and ordering strategy considering strategic purchase behavior under E-commerce environment [D]. Yanshan University, 2019.

Cachon G P, Feldman P. Price Commitments with Strategic Consumers: Why it can Be Optimal to Discount more frequently than Optimal [J]. Manufacturing & Service Operations Management, 2015, 17(3): 399-410.

Shum S, Tong S, Xiao T. On the Impact of Uncertain Cost Reduction When Selling to Strategic Customers [J]. Management Science, 2016, 63(3): 843-860.

Savva N. Dynamic Pricing in the Presence of Social Learning and Strategic Consumers [J]. History, 2017, 63(4): 919-939.

Downloads

Published

09-05-2024

How to Cite

Han, Z., Dai , J., & Chen, J. (2024). Research on The Replenishment Pricing Model of Data-oriented Vegetable Products. Highlights in Business, Economics and Management, 33, 324-334. https://doi.org/10.54097/qhj62f81