Title :
Joint pricing and production decisions for new and remanufactured products
Author :
Hua-yi Li ; Xiao-Song Ding ; Ji-hong Zhang
Author_Institution :
Int. Bus. Sch., Beijing Foreign Studies Univ. Beijing, Beijing, China
Abstract :
This paper studies a two-period model in which a monopolistic manufacturer needs to decide the quantity of new products in the first period, as well as the selling price and quantity of remanufactured products in the second period, in order to maximize his total profit. The market size is fixed and the market segmentation is realized by the consumer´s net utility. We focus on the competition between new and remanufactured products, and provide the manufacturer´s optimal pricing and production strategies with respect to different parameter settings.
Keywords :
manufactured products; pricing; production management; recycling; consumer net utility; manufacturer optimal pricing; market segmentation; monopolistic manufacturer; pricing decisions; production decisions; production strategies; profit; remanufactured products; two-period model; market segmentation; pricing; remanufacturing; return rate;
Conference_Titel :
Operations Research and its Applications in Engineering, Technology and Management 2013 (ISORA 2013), 11th International Symposium on
Conference_Location :
Huangshan
Electronic_ISBN :
978-1-84919-713-7
DOI :
10.1049/cp.2013.2255