A laboratory exploration for multi-period perishable food pricing
A laboratory exploration for multi-period perishable food pricing
复制标题
DOI:
10.1108/bfj-12-2014-0434
复制
发表时间:
2015-07
影响因子:
3.3
通讯作者:
Xiaohuan Wang;Z. Fan;Yiming Wang;Manning Li
中科院分区:
文献类型:
--
作者:
Xiaohuan Wang;Z. Fan;Yiming Wang;Manning Li
Purpose – The purpose of this paper is to put forward a multi-period dynamic pricing strategy for perishable food considering consumers’ price fairness perception. The impacts of the multi-period retail price, food freshness and inventory shortage risk on consumers’ heterogeneous willingness to pay (WTP) and their strategic purchasing behaviours are studied. Design/methodology/approach – The authors present a price optimization model for perishable food, and conduct a laboratory experiment to justify the theoretical model. The data collected are analysed by correlation analysis and nonparametric test. Findings – The results obtained reveal, first, food freshness and inventory shortage risk have effect on consumers’ heterogeneous WTP. Second, different retail prices lead to consumers’ strategically purchasing behaviours. Finally, consumers’ intertemporal price fairness perception and the food retailer’s long-term utility maximization can be achieved by developing multi-period dynamic pricing strategy. Prac...