Welcome to Francis Academic Press

Academic Journal of Mathematical Sciences, 2024, 5(1); doi: 10.25236/AJMS.2024.050107.

Research on Replenishment and Pricing Strategies for Fresh Commodities in Supermarket

Author(s)

Yinhao He

Corresponding Author:
Yinhao He
Affiliation(s)

School of Mathematical Sciences, South China Normal University, Guangzhou, 510631, China

Abstract

In order to enhance returns for supermarkets, we make a replenishment plan and a pricing scheme for vegetables. Firstly, based on the results of data exploration, the correlation between the sales volume of 6 categories of vegetables is calculated by Spearman correlation coefficient. Then, 246 vegetables are divided into high-sales category, medium-sales category and low-sales category by K-means Clustering. Next, based on past sales volume, ARIMA for analyzing time series is used to make replenishment plan for vegetables. Finally, according to the markup price of vegetables, the pricing scheme for vegetables is also constructed by ARIMA.

Keywords

Replenishment and Pricing of Vegetables, ARIMA, Spearman Correlation Coefficient, K-means Clustering

Cite This Paper

Yinhao He. Research on Replenishment and Pricing Strategies for Fresh Commodities in Supermarket. Academic Journal of Mathematical Sciences (2024) Vol. 5, Issue 1: 41-47. https://doi.org/10.25236/AJMS.2024.050107.

References

[1] Mao Lisha. Research on pricing strategy and production and marketing model of vegetable wholesale market from the perspective of supply chain [D]. Central South University of Forestry and Technology, 2023.

[2] Zeng Minmin. Research on the dynamic pricing strategy of a fresh supermarket based on time situation [D]. Southwestern University of Finance and Economics, 2022. 

[3] Zhao Yu. Vegetable income insurance pricing: based on semi-parametric Copula method [J]. Research of Agricultural Modernization, 2019, 40(2): 308-315.

[4] Wang Qingyi, Xu ling. Dynamic pricing model of retailer with consideration of customer perceived value [J]. Logistics Technology, 2019, 38(04):23-28+117.

[5] Zeng Ruming. Improvement and application of K-means clustering algorithm [D]. China West Normal University, 2023.