Pre-sale ordering strategy based on the new retail context considering bounded consumer rationality

نویسندگان

چکیده

<p style='text-indent:20px;'>The purpose of this paper is to study the impact bounded consumer rationality on order quantity and profitability seller in advance period spot context combination new retail pre-sale. In paper, we develop a model pre-sale, with without reference price dependence. Besides, considers cancellation delayed purchase behavior consumers. We then discuss optimal profit under different conditions effect dependence value-added offline service them. Our research shows that: First, tends set deposit too low pre-sales. Second, has effects quantities periods. The should pay more attention Third, whole, benefits seller. seller, or public policymaker, can benefit businesses by increasing rationality. Last, context, an increase value-added, even if it increases total quantity, not always beneficial may reduce profits. Therefore, weigh all factors determine services.</p>

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Consumer bounded rationality and rigidity/flexibility retail price patterns

I revisit the model of market competition with boundedly rational consumers due to Spiegler (2006), in which firms compete in price distributions and consumers use a naive sampling procedure to evaluate them. I assume that firms can assign weight to arbitrarily low prices, and consumers have a non-trivial ex ante outside option. In symmetric Nash equilibrium, firms charge a high ‘‘regular price...

متن کامل

Consumer choice and revealed bounded rationality

We study two boundedly rational procedures in consumer behavior. We show that these procedures can be detected by conditions on observable demand data of the same type as standard revealed preference axioms. This provides the basis for a non-parametric analysis of boundedly rational consumer behavior mirroring the classical one for utility maximization.

متن کامل

Benchmarking Retail Productivity Considering Retail Pricing and Format Strategy

With increased competitive pressures in the grocery retailing industry, managers have greater interest in measuring the productivity of the stores of their own chain relative to the other similar stores. In this paper, we measure and compare the inefficiencies of major grocery retailers across various formats and pricing strategies using stochastic frontier (SF) methodology. Using a unique data...

متن کامل

on the comparison of keyword and semantic-context methods of learning new vocabulary meaning

the rationale behind the present study is that particular learning strategies produce more effective results when applied together. the present study tried to investigate the efficiency of the semantic-context strategy alone with a technique called, keyword method. to clarify the point, the current study seeked to find answer to the following question: are the keyword and semantic-context metho...

15 صفحه اول

Bounded Rationality, Strategy Simplification, and Equilibrium

It is frequently suggested that predictions made by game theory could be improved by considering computational restrictions when modeling agents. Under the supposition that players in a game may desire to balance maximization of payoff with minimization of strategy complexity, Rubinstein and co-authors studied forms of Nash equilibrium where strategies are maximally simplified in that no strate...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Industrial and Management Optimization

سال: 2023

ISSN: ['1547-5816', '1553-166X']

DOI: https://doi.org/10.3934/jimo.2021217