Remanufacturing and pricing decisions with random yield and random demand

Li, Xiang; Li, Yongjian; Cai, Xiaoqiang

doi:10.1016/j.cor.2014.01.005

Cited by 86 publications

(30 citation statements)

References 30 publications

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“…Qiang et al (2013) investigated a CLSC network with decentralized decision makers consisting of raw material suppliers, retail outlets and manufacturers and then derived the optimality conditions of the various decision makers under uncertain market demand and yield rate. Li et al (2015) addressed the issue of random remanufacturing yield assuming the market demand to be price sensitive and stochastic and explored the remanufacturing and pricing decisions in such uncertain circumstances. Guo and Ya (2015) studied the optimal recycling production strategy considering the minimum quality level of the recycled products in the manufacturing and remanufacturing systems.…”

Section: A N U S C R I P Tmentioning

confidence: 99%

“…Many remanufacturing industries such as automobiles, cell phones and other electronic appliances face the uncertainty in the percentage of used items that can actually meet the quality criteria for remanufacturing. This percentage is usually called the remanufacturing yield (Li et al, 2015). Uncertainty in remanufacturing yield combined with uncertain quantity of used product (Guide Jr. and Wassenhove, 2001;Akcali and Cetinkaya, 2011;Zeballos et al, 2012) and uncertain market demand add new dimensions of complexity and difficulty to the management of firms having hybrid production systems.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Optimal production policy for a closed-loop hybrid system with uncertain demand and return under supply disruption

Giri

Sharma

2016

Journal of Cleaner Production

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Section: A N U S C R I P Tmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Optimal production policy for a closed-loop hybrid system with uncertain demand and return under supply disruption

Giri

Sharma

2016

Journal of Cleaner Production

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“…Mahmoodi and Eshghi [23] studied this pricing problem in duopoly supply chains with stochastic demand and explored the effects of competition and demand indeterminacy intensity on the equilibria of the structures by a numerical experiment. Li et al [24] studied the pricing and remanufacturing decision problem with random yield and demand.…”

Section: Literature Reviewmentioning

confidence: 99%

Pricing Decision in a Two-Echelon Supply Chain with Competing Retailers Under Uncertain Environment

et al. 2017

J. Uncertain. Anal. Appl.

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This paper explores a supply chain pricing competition problem in a two-echelon supply chain with one manufacturer and two competing retailers. The manufacturing costs, sales costs, and market bases are all characterized as uncertain variables whose distributions are estimated by experts' experienced data. In consideration of channel members' different market powers, three decentralized game models are employed to explore the equilibrium behaviors in corresponding decision circumstances. How the channel members should choose their most profitable pricing strategies in face of uncertainties is derived from these models. Numerical experiments are conducted to examine the effects of power structures and parameters' uncertain degrees on the pricing decisions of the members. The results show that the existence of dominant powers in the supply chain will increase the sales prices and reduce the profit of the whole supply chain. It is also found that the supply chain members may benefit from higher uncertain degrees of their own costs while the other supply chain members will gain less profits. Additionally, the results demonstrate that the uncertainty of the supply chain will make end consumers pay more. Some other interesting managerial highlights are also obtained in this paper.

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“…The effects of uncertain demand and supply on the network are analyzed. Li et al [23] consider the remanufacturing and pricing decisions when both the remanufacturing yield and the demand for remanufactured products are random. They explore two typical decision strategies as first remanufacturing and then pricing and first pricing and then remanufacturing.…”

Section: Introductionmentioning

confidence: 99%

A Marketing Strategy in a Closed-Loop Supply Chain with Loss-Averse Consumers

Liao

2018

Mathematical Problems in Engineering

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The importance of remanufacturing system has been extensively investigated in recent years. Taking into account the consumer valuation uncertainty and the demand uncertainty, this paper addresses the issue of closed-loop supply chain with remanufacturing by game theory. We consider two types of consumers in the market: loss-neutral consumers and loss-averse consumers. The lossneutral consumers are completely rational. The loss-averse consumers, on the other hand, are with losses being more painful than equal-sized gains being pleasant. When multichannel structure can be chosen, the manufacturer has three pricing strategies in direct market: (1) keeping the price high with a small discount, no customers choose the online store; (2) keeping the price high with a moderate discount, only the loss-neutral customers choose the online store; (3) keeping the price low with a big discount, all customers choose the online store. Consumers make up their decisive selections through comparing the price and channel attributes. We introduce utility function for analyzing the market demand and then identify the optimal pricing and channel strategy to maximize the manufacturer's profit. Finally, the rationality and validities of the proposed model are illustrated by numerical examples, and sensitivity analyses of the parameters are also presented.

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Remanufacturing and pricing decisions with random yield and random demand

Cited by 86 publications

References 30 publications

Optimal production policy for a closed-loop hybrid system with uncertain demand and return under supply disruption

Optimal production policy for a closed-loop hybrid system with uncertain demand and return under supply disruption

Pricing Decision in a Two-Echelon Supply Chain with Competing Retailers Under Uncertain Environment

A Marketing Strategy in a Closed-Loop Supply Chain with Loss-Averse Consumers

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