| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5470504 | Procedia CIRP | 2017 | 6 Pages |
Abstract
In this study, we develop a model that addresses the issue of pricing the latest generation remanufactured products and old generation new products. The demands are time-dependent and price sensitive. The market is separated from that of the brand new product of latest generation. The system consists of a retailer and a manufacturer. Two scenarios are evaluated in the system. First, each party tries to optimize profit independently. Second, the joint profit is optimized. The results provide optimal pricing decisions in different selling periods.
Keywords
Related Topics
Physical Sciences and Engineering
Engineering
Industrial and Manufacturing Engineering
Authors
Liangchuan Zhou, Surendra M. Gupta, Yuki Kinoshita, Tetsuo Yamada,