RFID enabled pricing approach in perishable food supply chains

Perishables are increasingly important for grocery retailers as they have become a main reason for many consumers to choose where to shop. However, perishable food waste stemmed from inappropriate quality control and excessive inventories that have to be either marked down before the “sell-by-date” or thrown away after the date, remains a major challenge in grocery retail chains. Recent advances in RFID technology can be beneficially utilized in this context. We develop a methodology to model food quality degradation facilitated by RFID enabled tracking technologies. It can be integrated in a pricing decision. The research aims to maximise food retailer´s profits through a pricing approach based on dynamically identified food quality features.