Dynamic pricing models for used products in remanufacturing with lost-sales and uncertain quality

Xiong, Yu; Li, Gendao; Zhou, Yu; Fernandes, Kiran; Harrison, Richard; Xiong, Zhongkai

doi:10.1016/j.ijpe.2013.04.025

Cited by 67 publications

(27 citation statements)

References 29 publications

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“…Xiong and Li [112], Xiong et al [113] assume that return is a Poisson process with a rate λ(p), 0≤λ p ð Þ≤ λ, and the rate λ(p) increases with the acquisition effort p. In Zeng [116], there are three segments of customers assumed according the survey of Bai [11], the proportion of the three segments are ω 1 (incentive driven), ω 2 (awareness driven), and ω 3 (who never returns) respectively. For the incentive driven customers the return rate r 1 p ð Þ ¼ 1−β p 0 p ω 1 , where p 0 is the minimum effort for a customer starts to return, β is a scale factor to ensure r 1 > 0.…”

Section: Nonlinear Relationmentioning

confidence: 99%

Core (product) Acquisition Management for remanufacturing: a review

2015

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractCore acquisition is essential for the success of remanufacturing business. To describe the current status of the quantitative research in Core Acquisition Management and to indicate possible future research directions, a literature review is conducted in this paper about the quantitative modeling in Core Acquisition Management research area. The activities included in Core Acquisition Management are categorized into topics such as acquisition control, forecasting return, return strategies, quality classification and reverse channel design. While most of the studies focus on acquisition control, studies on return strategies and return forecast are relatively limited. Furthermore, this paper analyzes the research papers according to the key assumptions such as, hybrid/non-hybrid remanufacturing systems, acquisition functions, quality classification methods and perfect/imperfect substitutions. In conclusion, studies based on the assumptions of non-hybrid remanufacturing systems and imperfect substitution should gain more attentions, since these situations frequently occur in practice but are less investigated in the existing literature. In addition, empirical validation of the various forms of the acquisition function (relations between acquisition incentives and acquisition volume) should be important for further investigations.

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Section: Nonlinear Relationmentioning

confidence: 99%

Core (product) Acquisition Management for remanufacturing: a review

2015

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“…Equation (1) captures the dynamics of the product return process, but it does not consider random disturbance in the process. Actually, there are many factors that can disturb the return rate, such as the wide geographic spread of used products to be returned, and the complexity of reverse transportation [40]. Considering stochastic disturbance, we model the return rate τ(t) by the Itô equation as shown:…”

Section: The Modelmentioning

confidence: 99%

Dynamic Collection Strategy and Coordination of a Remanufacturing Closed-Loop Supply Chain under Uncertainty

2017

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This paper aims to investigate the uncertainty factors that impact the collection strategy of a remanufacturing closed-loop supply chain. The basis of this type of supply chain is the collection of used products, without which the remanufacturing of new products would be out of the question. In this paper, we considered the effect of stochastic disturbance on the collection process in a closed-loop supply chain consisting of a manufacturer and a retailer, in which the manufacturer is responsible for collecting the used products. Considering stochastic disturbance, in this research, we proposed a stochastic collection model, and derived the feedback control strategies for both the manufacturer and retailer. Next, we investigated the evolutionary path and probability distribution of the stochastic return rate. Finally, we proposed a contract to coordinate the decentralized closed-loop supply chain. The results showed that the manufacturer would improve the level of return effort as the intensity of stochastic disturbance increases. However, the disturbance would not affect the pricing strategies of the supply chain members. As a result of the stochastic disturbance, the return rate always hovered around the expected return rate, while the expectation and variance of the return rate remained stable from a long-term perspective. The expected value and variance of the return rate could decrease or increase with time, depending on the value of the initial return rate of the system.

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“…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. Xiong et al (2014) provided a study on dynamic pricing of used products for a car engine remanufacturer faced with price-dependent random returns and random demand.…”

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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Dynamic pricing models for used products in remanufacturing with lost-sales and uncertain quality

Cited by 67 publications

References 29 publications

Core (product) Acquisition Management for remanufacturing: a review

Core (product) Acquisition Management for remanufacturing: a review

Dynamic Collection Strategy and Coordination of a Remanufacturing Closed-Loop Supply Chain under Uncertainty

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

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