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Author:

Li, Wu-Qiang (Li, Wu-Qiang.) | Liu, Shu-Lin (Liu, Shu-Lin.) | Ni, Guan-Qun (Ni, Guan-Qun.)

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EI Scopus CSCD CSSCI PKU

Abstract:

Taking into account the limited sales period and uncertain demand of seasonal products, the online strategy and competitive analysis were introduced to design markdown pricing strategy specific to various situations for retails. The given strategy is proved having the optimal competitive ratio. Moreover, the relationship between the number of price markdown and competitive ratio was analyzed for how to design markdown pricing strategy. The feasibility and effectiveness of the given strategy was presented according to the analysis of numeric examples.

Keyword:

Competitive analysis Competitive ratio Markdown pricing strategies On-line algorithms Online Strategy Optimal competitive ratios Seasonal product Uncertain demand

Author Community:

  • [ 1 ] [Li, Wu-Qiang;Liu, Shu-Lin;Ni, Guan-Qun]School of Management, Xi'an Jiaotong University, Xi'an 710049, China

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Source :

Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice

ISSN: 1000-6788

Year: 2011

Issue: 11

Volume: 31

Page: 2070-2076

Cited Count:

WoS CC Cited Count: 0

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 8

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