Abstract

The objective of this study is to improve the pricing efficiency of wholesale fish markets by applying the framework of the price decision support system (PDSS). The Pu-Shin wholesale fish market, in Taiwan, is a case used to illustrate this procedure. We first established a simulation model for the operation of the Pu-Shin wholesale fish market, including all possible factors that may affect the auction time. Secondly, we setup a regression model for auction pricing and auction time of each section from the results of the model. Using this information, we established a PDSS for the Pu-Shin wholesale fish market to help decision-makers improve pricing functions.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.