Research Article

Pricing and Ordering Strategies for Fresh Food Based on Quality Grading

Table 1

Notations description.

NotationsDescription

Potential total demand for fresh food
The minimum quality level of fresh food
The unit cost of fresh food
The total supply of fresh food from the retailer
The fresh food quality grading standard,
Price of high quality fresh food
Price of low quality fresh food
Actual demand for fresh food with quality level ,
Actual supply for fresh food with quality level ,
The probability that consumers buy fresh food with quality level ,
The quality level of fresh food,
Profit of the retailer