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International Journal of New Developments in Engineering and Society, 2023, 7(9); doi: 10.25236/IJNDES.2023.070910.

Vegetable Replenishment and Pricing Strategy Based on the White Shark Optimization Algorithm

Author(s)

Weiming Li, Haobin Wu, Tao Kang, Kaican Huang, Huimin Ke, Bin Feng

Corresponding Author:
Bin Feng
Affiliation(s)

Guangzhou Maritime University, Guangzhou, 510725, China

Abstract

With the increasing consumer demand in society, the variety of vegetables in fresh supermarkets has grown, leading to more complex vegetable pricing and replenishment strategies. To address these issues, this paper first employs the Pearson correlation coefficient to analyze the correlation between the sales volumes of different vegetable categories and individual items in the fresh supermarket. It also explores the temporal distribution patterns of vegetable sales volumes. Furthermore, the paper investigates the relationship between total sales volume and cost-based pricing. Based on this, using daily replenishment total quantity as the decision variable and the relationship between total sales volume and cost-based pricing as constraint conditions, and aiming to maximize supermarket revenue, it constructs a BiLSTM model based on the White Shark Optimization Algorithm. This model is used to formulate daily replenishment total quantities and pricing strategies for various categories in the coming week to maximize supermarket revenue.

Keywords

Vegetable Replenishment Strategy, Vegetable Pricing Strategy, Correlation Analysis, White Shark Optimization Algorithm, BiLSTM Model

Cite This Paper

Weiming Li, Haobin Wu, Tao Kang, Kaican Huang, Huimin Ke, Bin Feng. Vegetable Replenishment and Pricing Strategy Based on the White Shark Optimization Algorithm. International Journal of New Developments in Engineering and Society (2023) Vol.7, Issue 9: 57-64. https://doi.org/10.25236/IJNDES.2023.070910.

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