Dynamic Pricing for Perishable Fresh Produce with Attention-Augmented PPO Algorithm

Perishable products are usually priced in real-time to volatile market environments, thereby optimizing inventory control, minimizing resource wastage, and maximizing corporate profitability. Based on the public dataset from the 2023 Higher Education Press Cup National College Students Mathematical Modeling Competition, this paper addresses the challenge of multi-product joint pricing for perishable fresh produce and proposes an attention-augmented proximal policy optimization algorithm (termed ATT-PPO), which embeds an attention mechanism into the proximal policy optimization (PPO) framework. The integrated attention mechanism confers three core advantages to the model: first, it dynamically captures inter-product interdependencies, enabling an accurate reflection of cross-price elasticity and demand correlations; second, it reduces feature redundancy and computational overhead in multi-product collaborative pricing strategies; third, it enhances both the interpretability and computational efficiency of the model. Experimental results demonstrate that in the scenario of multi-product pricing, the ATT-PPO algorithm achieves competitive performance compared to PPO, DDPG (Deep Deterministic Policy Gradient), SAC (Soft Actor-Critic), and TD3 (Twin Delayed Deep Deterministic Policy Gradient), with the key advantage lying in its ability to provide interpretable attention weights that reveal dynamic cross-product dependencies in pricing decisions. This study not only expands the applicability of DRL (Deep Reinforcement Learning) to practical economic problems in the fresh produce sector but also provides valuable theoretical insights that can be generalized to other short-lifecycle product domains, including fashion apparel and consumer electronics.