Research on Pricing and Replenishment Strategies for Supermarkets Based on Revenue Maximization

Based on the perspectives of time series and the supply chain, this paper investigates pricing and replenishment strategies for fresh supermarkets with the aim of maximizing profits. Through visual analysis, the vegetable category is thoroughly examined, revealing seasonal sales patterns. Furthermore, the correlation between different categories is explored using ADF tests and the DPCCA model. To optimize the replenishment quantity for the upcoming week, sales data from the past month is employed for nonlinear fitting. Assuming a fixed purchase price, the ARIMA model is utilized to forecast pricing, and optimal pricing and daily replenishment strategies for the next seven days are formulated through nonlinear programming methods.

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Publication Details

Journal
Journal of Education Humanities and Social Sciences
Published
2024-08-15
DOI
https://doi.org/10.54097/3bfb1k54
Primary Topic
COVID-19 Pandemic Impacts
Type
article
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article

Research on Pricing and Replenishment Strategies for Supermarkets Based on Revenue Maximization

Y.Q. Wang, Kefei Liu, Zheng Lu
Journal of Education Humanities and Social Sciences
COVID-19 Pandemic Impacts
article

Research on Pricing and Replenishment Strategies for Supermarkets Based on Revenue Maximization

Y.Q. Wang, Kefei Liu, Zheng Lu
article en

Abstract

Based on the perspectives of time series and the supply chain, this paper investigates pricing and replenishment strategies for fresh supermarkets with the aim of maximizing profits. Through visual analysis, the vegetable category is thoroughly examined, revealing seasonal sales patterns. Furthermore, the correlation between different categories is explored using ADF tests and the DPCCA model. To optimize the replenishment quantity for the upcoming week, sales data from the past month is employed for nonlinear fitting. Assuming a fixed purchase price, the ARIMA model is utilized to forecast pricing, and optimal pricing and daily replenishment strategies for the next seven days are formulated through nonlinear programming methods.

Journal of Education Humanities and Social SciencesVol. 37
Hohai University (CN)
Openalex Percentile: Top 83%
COVID-19 Pandemic Impacts
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