Research on accurate prediction of vegetable commodity pricing strategy and dynamic replenishment quantity based on optimization model

Based on the characteristics of timeliness, fast price change and easy loss, this paper deeply studies the automatic pricing and replenishment strategy of fresh suppliers, in order to maximize the profit of the supermarket. We propose and solve the number of related problems, and fit the linear and nonlinear models, and the results have limited effect. Therefore, this study translated the replenishment problem into sales volume prediction, using LSTM and predicting future sales by random forest model. At the same time, based on the periodicity of vegetable commodity sales, this study proposes the single product replenishment volume and pricing strategy. Finally, in view of the poor fitting effect of a single factor in this study, the improvement  method  of  collecting  data  from  multiple  dimensions  is  proposed  to  deeply  explore  the relationship  between  replenishment  and  pricing,  so  as  to  improve  the  accuracy  of  prediction   and supermarket revenue.

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Publication Details

Journal
Journal of innovations in economics & management.
Published
2024-10-01
DOI
https://doi.org/10.69610/j.jiem.202410012
Primary Topic
Economics of Agriculture and Food Markets
Type
article
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article

Research on accurate prediction of vegetable commodity pricing strategy and dynamic replenishment quantity based on optimization model

Ning He, Zhen Zhang
1 links
Journal of innovations in economics & management.
Economics of Agriculture and Food Markets
article

Research on accurate prediction of vegetable commodity pricing strategy and dynamic replenishment quantity based on optimization model

Ning He, Zhen Zhang
article en

Abstract

Based on the characteristics of timeliness, fast price change and easy loss, this paper deeply studies the automatic pricing and replenishment strategy of fresh suppliers, in order to maximize the profit of the supermarket. We propose and solve the number of related problems, and fit the linear and nonlinear models, and the results have limited effect. Therefore, this study translated the replenishment problem into sales volume prediction, using LSTM and predicting future sales by random forest model. At the same time, based on the periodicity of vegetable commodity sales, this study proposes the single product replenishment volume and pricing strategy. Finally, in view of the poor fitting effect of a single factor in this study, the improvement  method  of  collecting  data  from  multiple  dimensions  is  proposed  to  deeply  explore  the relationship  between  replenishment  and  pricing,  so  as  to  improve  the  accuracy  of  prediction   and supermarket revenue.

Journal of innovations in economics & management.Vol. 5(4)
Zhejiang University of Finance and Economics (CN)
No poverty
Openalex Percentile: Top 78%
Economics of Agriculture and Food Markets
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Research on accurate prediction of vegetable commodity pricing strategy and dynamic replenishment quantity based on optimization model — Ning He, Zhen Zhang · Journal of innovations in economics & management. (2024) | TGRS Research Map | TGRS