scholarly journals Optimal Decision-Making Model of Agricultural Product Information Based on Three-Way Decision Theory

Agriculture ◽  
2021 ◽  
Vol 12 (1) ◽  
pp. 41
Author(s):  
Yifan Gu ◽  
Zishang Yang ◽  
Tailong Zhu ◽  
Junshu Wang ◽  
Yuxing Han
Keyword(s):  
Decision Making ◽  
Decision Theory ◽  
Product Information ◽  
Heuristic Method ◽  
Agricultural Products ◽  
Semantic Interpretation ◽  
Optimal Decision ◽  
Agricultural Product ◽  
Product Attribute ◽  
Attribute Information

As an effective heuristic method, three-way decision theory gives a new semantic interpretation to the three fields of the rough set, which has a huge application space. To classify the information of agricultural products more accurately under certain thresholds, this paper first makes a comprehensive evaluation of the decision, particularly the influence of the attributes of the event itself on the results and their interactions. By using fuzzy sets corresponding to membership and non-membership degree, this paper analyzes and puts forward two cases of proportional correlation coefficients in the transformation of a delayed decision domain, and selects the corresponding coefficients to compare the results directly. Finally, consumers can conveniently grasp product attribute information to make decisions. On this basis, this paper analyzed the standard data to verify the accuracy of the model. After that, the proposed algorithm, based on three decision-making agricultural product information classification processing, is applied to the relevant data of agricultural products. The experimental results showed that the algorithm can obtain more accurate results through a more straightforward calculation process. It can be concluded that the algorithm proposed in this paper can enable people to make more convenient and accurate decisions based on product attribute information.

Decision-Making on the Supply Chain of Fresh Agricultural Products with Two-Period Price and Option Contract

2020 ◽  
pp. 2050038
Author(s):  
Bo Yan ◽  
Gaodi Liu ◽  
Xiaohua Wu ◽  
Jiwen Wu
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Wholesale Price ◽  
Agricultural Products ◽  
Optimal Decision ◽  
Optimal Order ◽  
Agricultural Product ◽  
Fixed Cost ◽  
Option Contract ◽  
Decentralized Decision Making

The price risk of fresh agricultural products has been a significant topic in recent years. Taking the two-level fresh agricultural product supply chain as the research object, this paper studies the optimal ordering and coordination of supply chain based on two-period price, wholesale price and option contract. The optimal order decision of the retailer at the single period price and the optimal decision corresponding to the supplier are obtained when the output of the supplier is uncertain under decentralized decision-making. The range of penalty cost parameter that avoids supplier default is also obtained. The effect of two-period price on the optimal order decision and supply chain profits is discussed when the production yield of the supplier is fixed. Cost-sharing contract is introduced to increase the order quantity and achieve coordination because the option contract cannot completely make the supply chain coordination with two-period price. This paper provides a low-cost approach that can be applied in fresh agricultural supply chain to solve financing and order problems.

scholarly journals Regret and the rationality of choices

2010 ◽  
Vol 365 (1538) ◽  
pp. 249-257 ◽  
Author(s):  
Sacha Bourgeois-Gironde
Keyword(s):  
Decision Making ◽  
Decision Theory ◽  
Clinical Studies ◽  
Optimal Decision ◽  
Error Signal ◽  
Predictive Error ◽  
Optimal Decision Making ◽  
Choice Regret

Regret helps to optimize decision behaviour. It can be defined as a rational emotion. Several recent neurobiological studies have confirmed the interface between emotion and cognition at which regret is located and documented its role in decision behaviour. These data give credibility to the incorporation of regret in decision theory that had been proposed by economists in the 1980s. However, finer distinctions are required in order to get a better grasp of how regret and behaviour influence each other. Regret can be defined as a predictive error signal but this signal does not necessarily transpose into a decision-weight influencing behaviour. Clinical studies on several types of patients show that the processing of an error signal and its influence on subsequent behaviour can be dissociated. We propose a general understanding of how regret and decision-making are connected in terms of regret being modulated by rational antecedents of choice. Regret and the modification of behaviour on its basis will depend on the criteria of rationality involved in decision-making. We indicate current and prospective lines of research in order to refine our views on how regret contributes to optimal decision-making.

scholarly journals Research on Coordination of Fresh Agricultural Product Supply Chain considering Fresh-Keeping Effort Level under Retailer Risk Avoidance

2021 ◽  
Vol 2021 ◽  
pp. 1-15
Author(s):  
Yangang Feng ◽  
Yi Hu ◽  
Lin He
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Cost Sharing ◽  
Cost Benefit ◽  
Agricultural Products ◽  
Benefit Sharing ◽  
Agricultural Product ◽  
Effort Level ◽  
Pricing Decision ◽  
Decentralized Decision Making

Considering that the demand for fresh agricultural products is affected by product freshness and price, a two-level fresh agricultural product supply chain decision model consisting of a risk-neutral supplier and a risk-averse retailer is constructed. In order to increase consumer demand for fresh agricultural products, the supplier will make appropriate efforts to preserve the freshness of agricultural products. The optimal fresh-keeping effort level of the supplier and the optimal pricing decision of the retailer under the centralized decision-making and decentralized decision-making modes were studied, respectively; through the design of traditional cost-sharing contracts, traditional cost and revenue-sharing contracts, and cost-sharing and compensation strategies, the supplier was encouraged to improve their fresh-keeping effort. The research shows that the traditional cost-sharing contract and the traditional cost-benefit sharing contract cannot coordinate the supply chain. Under the strategy of cost sharing and compensation, when the amount of compensation meets certain conditions, the coordination of supply chain can be realized. Finally, the important parameters of the model are analyzed by numerical simulation.

The Research of Supply Chain Based on the Order Agriculture

2014 ◽  
Vol 945-949 ◽  
pp. 3195-3198
Author(s):  
Hai Dong ◽  
Qing Sen Lv
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Agricultural Products ◽  
Optimal Decision ◽  
Supply Chain System ◽  
Chain Management ◽  
Decentralized Decision Making ◽  
Set Up ◽  
Decision Making Model

Based on the analysis of the development of agriculture in our country, and the application of supply chain management in agriculture, the centralized decision-making model and the decentralized decision-making model without contract are established for a two-level supply chain made by a farmer and an enterprise processing agricultural products, figuring out that the decentralized decision-making model without contract cannot achieve the optimal decision for the sake of the whole supply chain. Then the order contract is set up, and through the analysis of the decentralized decision based on the order contract we can find that the order contract leads to the output of agricultural products to achieve the optimal supply chain system.

scholarly journals A Heterogeneous Graph Enhanced LSTM Network for Hog Price Prediction Using Online Discussion

Agriculture ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. 359
Author(s):  
Kai Ye ◽  
Yangheran Piao ◽  
Kun Zhao ◽  
Xiaohui Cui
Keyword(s):  
Decision Making ◽  
Essential Role ◽  
Online Discussion ◽  
Professional Community ◽  
Experimental Results ◽  
Agricultural Products ◽  
Price Prediction ◽  
Price Data ◽  
Rich Information ◽  
Lstm Network

Forecasting the prices of hogs has always been a popular field of research. Such information has played an essential role in decision-making for farmers, consumers, corporations, and governments. It is hard to predict hog prices because too many factors can influence them. Some of the factors are easy to quantify, but some are not. Capturing the characteristics behind the price data is also tricky considering their non-linear and non-stationary nature. To address these difficulties, we propose Heterogeneous Graph-enhanced LSTM (HGLTSM), which is a method that predicts weekly hog price. In this paper, we first extract the historical prices of necessary agricultural products in recent years. Then, we utilize discussions from the online professional community to build heterogeneous graphs. These graphs have rich information of both discussions and the engaged users. Finally, we construct HGLSTM to make the prediction. The experimental results demonstrate that forum discussions are beneficial to hog price prediction. Moreover, our method exhibits a better performance than existing methods.

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