Jointly consider acquisition price, trade in rebate and selling price in remanufacturing

Lei Jing; B. Huang

doi:10.1007/978-981-4451-48-2_97

Jointly consider acquisition price, trade in rebate and selling price in remanufacturing

Lei Jing
, B. Huang

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

1 Citation (Scopus)

Abstract

In remanufacturing business of durable products, a special feature is the correlation between supply and demand. This is because customers who return their end-of-life products usually need to do replacement purchase. At the same time, pricing strategies have been widely adopted by remanufacturing companies to balance the supply and demand. In this study, we consider the pricing strategies with the presence of replacement purchase. We argue that despite the acquisition price for return products and the selling price to new customers, remanufacturing company should offer a trade in program to the replacement customer segment. We study the optimal pricing policies when return yield rate is uncertain. We also compare the profitability of different pricing schemes under different yield variations.

Original language	English
Title of host publication	Re-engineering manufacturing for sustainability
Subtitle of host publication	Proceedings of the 20th CIRP International Conference on Life Cycle Engineering, Singapore 17-19 April 2013
Place of Publication	Signapore
Publisher	Springer
Pages	597-602
Number of pages	6
ISBN (Electronic)	978-981-4451-48-2
ISBN (Print)	978-981-4451-47-5
DOIs	https://doi.org/10.1007/978-981-4451-48-2_97
Publication status	Published - 2013
Externally published	Yes
Event	20th CIRP International Conference on Life Cycle Engineering (LCE 2013) - Singapore, Singapore Duration: 17 Apr 2013 → 19 Apr 2013 Conference number: 20

Conference

Conference	20th CIRP International Conference on Life Cycle Engineering (LCE 2013)
Abbreviated title	LCE 2013
Country/Territory	Singapore
City	Singapore
Period	17/04/13 → 19/04/13

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Price discrimination
Remanufacturing
Return acquisition
Yield rate

Access to Document

10.1007/978-981-4451-48-2_97

Cite this

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title = "Jointly consider acquisition price, trade in rebate and selling price in remanufacturing",

abstract = "In remanufacturing business of durable products, a special feature is the correlation between supply and demand. This is because customers who return their end-of-life products usually need to do replacement purchase. At the same time, pricing strategies have been widely adopted by remanufacturing companies to balance the supply and demand. In this study, we consider the pricing strategies with the presence of replacement purchase. We argue that despite the acquisition price for return products and the selling price to new customers, remanufacturing company should offer a trade in program to the replacement customer segment. We study the optimal pricing policies when return yield rate is uncertain. We also compare the profitability of different pricing schemes under different yield variations.",

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language = "English",

isbn = "978-981-4451-47-5",

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booktitle = "Re-engineering manufacturing for sustainability",

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}

Jing, L & Huang, B 2013, Jointly consider acquisition price, trade in rebate and selling price in remanufacturing. in Re-engineering manufacturing for sustainability : Proceedings of the 20th CIRP International Conference on Life Cycle Engineering, Singapore 17-19 April 2013. Springer, Signapore, pp. 597-602, 20th CIRP International Conference on Life Cycle Engineering (LCE 2013), Singapore, Singapore, 17/04/13. https://doi.org/10.1007/978-981-4451-48-2_97

Jointly consider acquisition price, trade in rebate and selling price in remanufacturing. / Jing, Lei; Huang, B.
Re-engineering manufacturing for sustainability : Proceedings of the 20th CIRP International Conference on Life Cycle Engineering, Singapore 17-19 April 2013. Signapore: Springer, 2013. p. 597-602.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

TY - GEN

T1 - Jointly consider acquisition price, trade in rebate and selling price in remanufacturing

AU - Jing, Lei

AU - Huang, B.

N1 - Conference code: 20

PY - 2013

Y1 - 2013

N2 - In remanufacturing business of durable products, a special feature is the correlation between supply and demand. This is because customers who return their end-of-life products usually need to do replacement purchase. At the same time, pricing strategies have been widely adopted by remanufacturing companies to balance the supply and demand. In this study, we consider the pricing strategies with the presence of replacement purchase. We argue that despite the acquisition price for return products and the selling price to new customers, remanufacturing company should offer a trade in program to the replacement customer segment. We study the optimal pricing policies when return yield rate is uncertain. We also compare the profitability of different pricing schemes under different yield variations.

AB - In remanufacturing business of durable products, a special feature is the correlation between supply and demand. This is because customers who return their end-of-life products usually need to do replacement purchase. At the same time, pricing strategies have been widely adopted by remanufacturing companies to balance the supply and demand. In this study, we consider the pricing strategies with the presence of replacement purchase. We argue that despite the acquisition price for return products and the selling price to new customers, remanufacturing company should offer a trade in program to the replacement customer segment. We study the optimal pricing policies when return yield rate is uncertain. We also compare the profitability of different pricing schemes under different yield variations.

KW - Price discrimination

KW - Remanufacturing

KW - Return acquisition

KW - Yield rate

UR - https://www.scopus.com/pages/publications/84926198898

U2 - 10.1007/978-981-4451-48-2_97

DO - 10.1007/978-981-4451-48-2_97

M3 - Conference contribution

AN - SCOPUS:84926198898

SN - 978-981-4451-47-5

SP - 597

EP - 602

BT - Re-engineering manufacturing for sustainability

PB - Springer

CY - Signapore

T2 - 20th CIRP International Conference on Life Cycle Engineering (LCE 2013)

Y2 - 17 April 2013 through 19 April 2013

ER -

Jointly consider acquisition price, trade in rebate and selling price in remanufacturing

Abstract

Conference

UN SDGs

Keywords

Access to Document

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Cite this