{"title":"Application of PDSS to improve the pricing efficiency of wholesale fish markets","authors":"Tzong-Ru Lee , Jui-Sheng Kao , Ching-Yi Wu","doi":"10.1016/S0928-4869(01)00043-X","DOIUrl":null,"url":null,"abstract":"<div><p>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.</p></div>","PeriodicalId":101162,"journal":{"name":"Simulation Practice and Theory","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2002-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0928-4869(01)00043-X","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Simulation Practice and Theory","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S092848690100043X","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 3
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.
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