Dynamic pricing for new and remanufactured products in a closed-loop supply chain

Chen, Jen Ming; Chang, Chia I.

doi:10.1016/j.ijpe.2013.06.017

Cited by 145 publications

(53 citation statements)

References 31 publications

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“…Zanoni et al (2012) study the multi-product economic lot scheduling problem with manufacturing and remanufacturing. Similarly, the issues of manufacturing-remanufacturing production and pricing decisions are also researched by Cetinkaya (2011), Chen andChang (2013), Karakayali et al (2007), Kenne et al (2012), Mahmoudzadeh et al (2013), Shi et al (2011) and Xiong et al (2014). These researches focus on the minimization of costs subject to operational constraints and draw some unique results, but they do not consider carbon emission constraint regulations.…”

Section: Introductionmentioning

confidence: 99%

Production decisions in a hybrid manufacturing–remanufacturing system with carbon cap and trade mechanism

Chang

Xia

Zhu

et al. 2015

International Journal of Production Economics

143

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Section: Introductionmentioning

confidence: 99%

Production decisions in a hybrid manufacturing–remanufacturing system with carbon cap and trade mechanism

Chang

Xia

Zhu

et al. 2015

International Journal of Production Economics

143

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“…Sun et al (2013) examined a dynamic acquisition pricing problem and the remanufacturing quantity in a multi-period problem with random returns sensitive to price. Chen and Chang (2013) presented an unconstrained static model and two constrained dynamic models using the Lagrangian procedures and the dynamic programming and the pricing strategy in multi-period settings. Mahmoudzadeh et al (2013) applied a robust optimization procedure for a dynamic manufacturing and pricing problem in a multi-period hybrid manufacturing and remanufacturing system, faced with returns and demand uncertainty.…”

Section: Literature Reviewmentioning

confidence: 99%

A Model for Pricing Used Products and Replacement Parts in Reverse Logistics

Banihashemi¹,

Bafruei²,

Tarokh³

2016

IJMVSC

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ABSTRACT:A unique specification in remanufacturing is the uncertainty of returned flows. This makes the coordination between supply and demand difficult for the firm. As a result, remanufacturers typically use pricing tools to control the return flow of used products. In this study, a model is presented for optimal quantity and price of used products and the price of used products with replacement parts after collection and consolidation based on their quality levels. This model

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“…In this model, manufacturer is the only member of supply chain considered, and he balances remanufacturing cost, demand cannibalization for new products, and additional revenue from offering remanufactured products. Another study that take product differentiation approach in the pricing model is conducted by Chen and Chang [12], where they propose dynamic pricing for new and remanufactured products under limited supply of used product, for attaining maximum profit. Even though the products are differentiated, but they are considered to be partially substitutable.…”

Section: Introductionmentioning

confidence: 99%

Pricing and Warranty Level Decisions for New and Remanufactured Short Life-Cycle Products

San

Pujawan

2017

jti

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Abstract:Remanufacturing has become more prominent as a recovery process to mitigate the massive disposal of short life-cycle product at its end-of-use. However, remanufactured product is often perceived to be inferior to new product, and it has lower value in consumer's willingness to pay. To increase the perceived quality of the remanufactured product, manufacturer offers a warranty, since one of the three roles possessed in warranty is being a signal to product reliability. This paper studies the pricing decisions and warranty level decision for new and remanufactured products in a closed-loop supply chain consists of a manufacturer and a retailer. The optimization modeling is performed under Stackelberg game with manufacturer as the leader. We found that higher expansion effectiveness coefficient would increase the supply chain profit. Also, there is an interval of demand's speed of change, where the total profit would be at its highest. The optimum warranty level can be achieved regardless the initial warranty level set at the beginning of retailer's optimization. Furthermore, the remanufactured product's wholesale and retail prices are influenced by the expansion effectiveness coefficient.

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Dynamic pricing for new and remanufactured products in a closed-loop supply chain

Cited by 145 publications

References 31 publications

Production decisions in a hybrid manufacturing–remanufacturing system with carbon cap and trade mechanism

Production decisions in a hybrid manufacturing–remanufacturing system with carbon cap and trade mechanism

A Model for Pricing Used Products and Replacement Parts in Reverse Logistics

Pricing and Warranty Level Decisions for New and Remanufactured Short Life-Cycle Products

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