Journal of Northeastern University ›› 2007, Vol. 28 ›› Issue (1): 23-25.DOI: -

• OriginalPaper • Previous Articles     Next Articles

Model and algorithm of promotional pricing for seasonal commodities

Wang, Hong-Da (1); Hao, Yi-Ge (2); Wang, Ding-Wei (1)   

  1. (1) School of Information Science and Engineering, Northeastern University, Shenyang 110004, China; (2) School of Information Science and Engineering, Shenyang University of Technology, Shenyang 110023, China
  • Received:2013-06-27 Revised:2013-06-27 Online:2007-01-15 Published:2013-06-24
  • Contact: Wang, H.-D.
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Abstract: The promotional pricing of seasonal commodities is studied taking account of their sales characteristics, discount rates, inventories, cyclical slump, real price, and so on. A dynamic pricing model is thus developed to minimize the loss of profit on a restricted condition that the volume of goods is needed to sell off. By the genetic algorithm and particle swarm, a pricing is given with optimal cost. The effect of pricing on loss of profit is analyzed through a simulation so as to provide an important reference for promotional decision-making in large/middle-scale companies.

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