Welcome to Francis Academic Press

Academic Journal of Business & Management, 2024, 6(5); doi: 10.25236/AJBM.2024.060519.

Research on Vegetable Cost Pricing and Sales Forecast Based on PSO Optimization and Forecast Model

Author(s)

Ziting Zhu, Boyu Wu, Tian Wang

Corresponding Author:
Ziting Zhu
Affiliation(s)

College of Economics and Management, Northeast Agricultural University, Harbin, 150006, China

Abstract

Due to the short shelf life of vegetable items in fresh produce superstores, most varieties need to be restocked on a daily basis. In order to make reasonable pricing and replenishment decisions, this paper firstly integrates data and establishes a multiple linear regression model to find out the relationship between price and sales volume, and further optimizes it using PSO particle swarm algorithm to obtain the linear relationship equation, and then establishes an ARIMA time-series prediction model using SPSS to predict the total amount of replenishment and the pricing strategy for July 1-7 by using the data of the last 4 weeks. When considering the number of sales category constraints, this paper carries out the single-product profit ranking and selects the top 33 single-products with higher profits by combining the available varieties on the basis of meeting the minimum display quantity, and predicts the replenishment and pricing strategy on July 1 using the GWO gray prediction model. Ultimately, based on the above conclusions, the strategy for superstores to maximize returns in pricing and replenishment is derived.

Keywords

Multiple Linear Regression, PSO Particle Swarm Algorithm, Supermarket Sales

Cite This Paper

Ziting Zhu, Boyu Wu, Tian Wang. Research on Vegetable Cost Pricing and Sales Forecast Based on PSO Optimization and Forecast Model. Academic Journal of Business & Management (2024) Vol. 6, Issue 5: 141-146. https://doi.org/10.25236/AJBM.2024.060519.

References

[1] Mao Lisha. Research on the Pricing strategy and Production and marketing mode of vegetable wholesale Market from the perspective of supply chain [D].Central South University of Forestory and Technology, 2023.

[2] Yang Haoxu. Analysis of the correlation between vegetable price and sales volume—Take wheat cabbage as an example [J].The Food Guide, 2018(21): 179-181.

[3] Yang Shuai, Huang Xiangmeng, Wang Junbin. Research on the joint optimization strategy of shelf distribution and pricing of fresh food [J]. Supply chain management, 2022, 3(08): 49-59.

[4] Bai Li, Wang Mengwei, Zhou Yue, etc. Study on the price fluctuation characteristics of spicy vegetables in China [J].Northern gardening, 2023(24): 138-147.

[5] Cohen, J., Cohen P., West, S.G., & Aiken, L.S. Applied multiple regression/correlation analysis for the behavioral sciences. Hillsdale, NJ:  Lawrence Erlbaum Associates. 2003.

[6] Li Xin. Chatic time series prediction based on particle swarm optimization algorithm [D].Dalian University of Technology, 2021.

[7] Yan Wenpeng, Wang Zhitao, Yuan Xiao. Time-series similarity measure based on fractional differentiation and its application[J].Journal of Sichuan University (Natural Science Editiom) ,2023, 60(04): 110-117