{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,2,21]],"date-time":"2025-02-21T10:42:55Z","timestamp":1740134575143,"version":"3.37.3"},"reference-count":22,"publisher":"Wiley","license":[{"start":{"date-parts":[[2014,1,1]],"date-time":"2014-01-01T00:00:00Z","timestamp":1388534400000},"content-version":"unspecified","delay-in-days":0,"URL":"http:\/\/creativecommons.org\/licenses\/by\/3.0\/"}],"funder":[{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["71371191","71221061","71210003"],"award-info":[{"award-number":["71371191","71221061","71210003"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["71371191","71221061","71210003"],"award-info":[{"award-number":["71371191","71221061","71210003"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["71371191","71221061","71210003"],"award-info":[{"award-number":["71371191","71221061","71210003"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Journal of Applied Mathematics"],"published-print":{"date-parts":[[2014]]},"abstract":"<jats:p>We introduce a demand forecasting model for a monopolistic company selling products to consumers with double-entry mental accounting, which means consumers experience pleasure when consuming goods or service and feel pains when paying for them. Moreover, as the monopolist changes prices, consumers form a reference price that adjusts an anchoring standard based on the lowest price that they perceived, namely, the peak-end anchoring. We obtain the steady state prices under three different payment schemes for two- and infinite-period. We also analyze the relationship between these steady prices and maximal profit and compare the steady state prices of different payment schemes by changing the double-entry mental accounting\u2019s parameters through numerical examples. The proposed model is computationally tractable for demand forecasting of realistic size.<\/jats:p>","DOI":"10.1155\/2014\/139030","type":"journal-article","created":{"date-parts":[[2014,9,2]],"date-time":"2014-09-02T17:00:29Z","timestamp":1409677229000},"page":"1-10","source":"Crossref","is-referenced-by-count":5,"title":["Product Demand Forecasting and Dynamic Pricing considering Consumers\u2019 Mental Accounting and Peak-End Reference Effects"],"prefix":"10.1155","volume":"2014","author":[{"given":"Wenjie","family":"Bi","sequence":"first","affiliation":[{"name":"Business School, Central South University, Changsha 410083, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Mengqi","family":"Liu","sequence":"additional","affiliation":[{"name":"Business School, Hunan University, Changsha 410082, China"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","reference":[{"key":"1","doi-asserted-by":"publisher","DOI":"10.1504\/IJISE.2013.055508"},{"key":"2","doi-asserted-by":"publisher","DOI":"10.1016\/j.knosys.2012.06.007"},{"key":"3","doi-asserted-by":"publisher","DOI":"10.1111\/deci.12021"},{"key":"4","doi-asserted-by":"publisher","DOI":"10.1155\/2014\/840725"},{"key":"5","doi-asserted-by":"publisher","DOI":"10.1155\/2014\/791656"},{"issue":"3","key":"6","doi-asserted-by":"crossref","first-page":"183","DOI":"10.1002\/(SICI)1099-0771(199909)12:3<183::AID-BDM318>3.0.CO;2-F","volume":"12","year":"1999","journal-title":"Journal of Behavioral Decision Making"},{"key":"8","doi-asserted-by":"publisher","DOI":"10.1287\/mksc.1070.0330"},{"key":"9","doi-asserted-by":"publisher","DOI":"10.1287\/mksc.17.1.4"},{"key":"10","doi-asserted-by":"publisher","DOI":"10.1111\/0022-1082.00367"},{"issue":"5","key":"11","doi-asserted-by":"crossref","first-page":"716","DOI":"10.1287\/mnsc.47.5.716.10483","volume":"47","year":"2001","journal-title":"Management Science"},{"key":"12","doi-asserted-by":"publisher","DOI":"10.1257\/002205102320161311"},{"key":"13","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2004.10.006"},{"key":"14","doi-asserted-by":"publisher","DOI":"10.1155\/2014\/536576"},{"key":"15","doi-asserted-by":"publisher","DOI":"10.1016\/j.joep.2006.05.008"},{"key":"16","doi-asserted-by":"publisher","DOI":"10.1177\/0956797612459762"},{"key":"17","doi-asserted-by":"publisher","DOI":"10.1287\/mksc.1120.0731"},{"key":"18","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.1120.1638"},{"key":"19","doi-asserted-by":"publisher","DOI":"10.1155\/2014\/157865"},{"key":"20","doi-asserted-by":"publisher","DOI":"10.1287\/opre.1070.0393"},{"issue":"2","key":"21","doi-asserted-by":"crossref","first-page":"250","DOI":"10.1086\/209064","volume":"13","year":"1986","journal-title":"Journal of Consumer Research"},{"issue":"1","key":"22","doi-asserted-by":"crossref","first-page":"82","DOI":"10.1287\/mksc.14.1.82","volume":"14","year":"1995","journal-title":"Marketing Science"},{"key":"29","doi-asserted-by":"publisher","DOI":"10.1287\/opre.1110.0952"}],"container-title":["Journal of Applied Mathematics"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/downloads.hindawi.com\/journals\/jam\/2014\/139030.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/jam\/2014\/139030.xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/journals\/jam\/2014\/139030.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,6,22]],"date-time":"2017-06-22T15:46:00Z","timestamp":1498146360000},"score":1,"resource":{"primary":{"URL":"http:\/\/www.hindawi.com\/journals\/jam\/2014\/139030\/"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2014]]},"references-count":22,"alternative-id":["139030","139030"],"URL":"https:\/\/doi.org\/10.1155\/2014\/139030","relation":{},"ISSN":["1110-757X","1687-0042"],"issn-type":[{"type":"print","value":"1110-757X"},{"type":"electronic","value":"1687-0042"}],"subject":[],"published":{"date-parts":[[2014]]}}}