{"title":"Optimal pricing and trade-in remanufacturing policies considering the secondary market","authors":"L. Wu, Qiang Guo, Fuchang Li","doi":"10.1080/03155986.2021.1971432","DOIUrl":null,"url":null,"abstract":"Abstract As global environmental problems worsen, issues related to the closed-loop supply chain and trade-in program have gained wide attention. We construct a dual-market model to explore trade-in program and remanufacturing strategies under two scenarios: original equipment manufacturer (OEM) recycling and retailer recycling. We find that under single market strategies, OEM recycling consumers benefit more with the reduction of new product costs. Interestingly, the opposite is true under dual-market strategies with an increase in consumers' maximum willingness to pay in the secondary market. Optimal choices regarding trade-in program strategies and remanufacturing strategies depend on different value ranges of consumers’ maximum willingness to pay in the secondary market, and the cost of the new product.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"124 3 1","pages":"547 - 571"},"PeriodicalIF":1.1000,"publicationDate":"2021-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Infor","FirstCategoryId":"94","ListUrlMain":"https://doi.org/10.1080/03155986.2021.1971432","RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"COMPUTER SCIENCE, INFORMATION SYSTEMS","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract As global environmental problems worsen, issues related to the closed-loop supply chain and trade-in program have gained wide attention. We construct a dual-market model to explore trade-in program and remanufacturing strategies under two scenarios: original equipment manufacturer (OEM) recycling and retailer recycling. We find that under single market strategies, OEM recycling consumers benefit more with the reduction of new product costs. Interestingly, the opposite is true under dual-market strategies with an increase in consumers' maximum willingness to pay in the secondary market. Optimal choices regarding trade-in program strategies and remanufacturing strategies depend on different value ranges of consumers’ maximum willingness to pay in the secondary market, and the cost of the new product.
期刊介绍：
INFOR: Information Systems and Operational Research is published and sponsored by the Canadian Operational Research Society. It provides its readers with papers on a powerful combination of subjects: Information Systems and Operational Research. The importance of combining IS and OR in one journal is that both aim to expand quantitative scientific approaches to management. With this integration, the theory, methodology, and practice of OR and IS are thoroughly examined. INFOR is available in print and online.
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