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

Lei Jing; Boray Huang

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

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

Lei Jing, Boray Huang

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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
Editors	Andrew Y.C. Nee, Bin Song, Soh-Khim Ong
Place of Publication	Singapore
Publisher	Springer
Pages	597-602
Number of pages	6
ISBN (Electronic)	9789814451482
ISBN (Print)	9789814451475
DOIs	https://doi.org/10.1007/978-981-4451-48-2_97
Publication status	Published - 2013
Event	20th CIRP International Conference on Life Cycle Engineering, LCE 2013 - Singapore, Singapore Duration: 17 Apr 2013 → 19 Apr 2013

Conference

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

Keywords

Price discrimination
Remanufacturing
Return acquisition
Yield rate

ASJC Scopus subject areas

Industrial and Manufacturing Engineering
Renewable Energy, Sustainability and the Environment

UN SDGs

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

Access to Document

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

Cite this

Jing, L., & Huang, B. (2013). Jointly consider acquisition price, trade in rebate and selling price in remanufacturing. In A. Y. C. Nee, B. Song, & S.-K. Ong (Eds.), Re-Engineering Manufacturing for Sustainability: Proceedings of the 20th CIRP International Conference on Life Cycle Engineering, Singapore 17-19 April, 2013 (pp. 597-602). Springer . https://doi.org/10.1007/978-981-4451-48-2_97

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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.",

keywords = "Price discrimination, Remanufacturing, Return acquisition, Yield rate",

author = "Lei Jing and Boray Huang",

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language = "English",

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pages = "597--602",

editor = "Nee, {Andrew Y.C.} and Bin Song and Soh-Khim Ong",

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Jing, L & Huang, B 2013, Jointly consider acquisition price, trade in rebate and selling price in remanufacturing. in AYC Nee, B Song & S-K Ong (eds), Re-Engineering Manufacturing for Sustainability: Proceedings of the 20th CIRP International Conference on Life Cycle Engineering, Singapore 17-19 April, 2013. Springer , Singapore, 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, Boray.
Re-Engineering Manufacturing for Sustainability: Proceedings of the 20th CIRP International Conference on Life Cycle Engineering, Singapore 17-19 April, 2013. ed. / Andrew Y.C. Nee; Bin Song; Soh-Khim Ong. Singapore: Springer , 2013. p. 597-602.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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

AU - Jing, Lei

AU - Huang, Boray

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

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BT - Re-Engineering Manufacturing for Sustainability

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A2 - Song, Bin

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PB - Springer

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

Y2 - 17 April 2013 through 19 April 2013

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Jing L, Huang B. Jointly consider acquisition price, trade in rebate and selling price in remanufacturing. In Nee AYC, Song B, Ong SK, editors, Re-Engineering Manufacturing for Sustainability: Proceedings of the 20th CIRP International Conference on Life Cycle Engineering, Singapore 17-19 April, 2013. Singapore: Springer . 2013. p. 597-602 doi: 10.1007/978-981-4451-48-2_97

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

Abstract

Conference

Keywords

ASJC Scopus subject areas

UN SDGs

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