NDLI: Price Decisions for Used-Products Considering Its Impact on New-Product-Demand

Content Provider	IEEE Xplore Digital Library
Author	Qiaolun Gu Tiegang Gao
Copyright Year	2009
Abstract	According to a questionnaire survey, the collecting price of the used-product will affect the demand of the new product. In order to study the price decisions of the used-product considering its impact on the new-product-demand, an influence coefficient in new-product-demand function is introduced. The optimal price decisions of the used-products, including the manufacturer’s reclaiming price and the retailer’s collecting price, are presented by game theory. A numerical example is shown to analyze the relationship of the optimal results and the influence coefficient. The numerical results show that the profits of the manufacturer and the retailer will increase even though the reclaiming price and the collecting price increase when the influence coefficient increases. Moreover, the demand increase of the new product indicates there will be an increase of the used-products in future period. As a result, a benign cycle which the manufacturer and the retailer expected will come true.
Starting Page	489
Ending Page	492
File Size	246433
Page Count	4
File Format	PDF
ISBN	9780769537054
DOI	10.1109/BIFE.2009.117
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2009-07-24
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	reclaiming price collecting price Production systems Educational products Supply chains Educational technology Educational institutions Information technology Game theory Manufacturing processes new-product-demand Pricing Robustness price decision
Content Type	Text
Resource Type	Article

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