Price and Service Competition between New and Remanufactured Products
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-18, 18 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-09-27
Country of Publication
Egypt
No. of Pages
18
Main Subjects
Abstract EN
This paper sets two manufacturers on the market.
One is traditional manufacturer, which produces new products, and the other remanufactures by recycling used products.
Two manufacturers sell products to customers through one retailer and also provide product-related services.
Three participators decide prices and service levels independently.
We discuss the optimal decision of prices, service levels, demands, and profits in three scenarios: Manufacturers Stackelberg, Retailer Stackelberg, and Nash Equilibrium.
We also study the influence of customer acceptance of remanufactured product (θ) on participators’ decisions.
With the increase of θ, new product profit reduces; remanufactured product profit increases at the beginning and then decreases.
Retailer profit grows steadily.
In Manufacturers Stackelberg, new and remanufactured products can get the maximum profits, and retailer only has the minimum profit.
In Retailer Stackelberg, retailer can get the maximum profit; new product only has the minimum profit and remanufactured product has the medium gain.
In Nash Equilibrium, new product and retailer have the medium gains, and remanufactured product has the minimum profit.
American Psychological Association (APA)
Wang, Bin& Wang, Jing. 2015. Price and Service Competition between New and Remanufactured Products. Mathematical Problems in Engineering،Vol. 2015, no. 2015, pp.1-18.
https://search.emarefa.net/detail/BIM-1073525
Modern Language Association (MLA)
Wang, Bin& Wang, Jing. Price and Service Competition between New and Remanufactured Products. Mathematical Problems in Engineering No. 2015 (2015), pp.1-18.
https://search.emarefa.net/detail/BIM-1073525
American Medical Association (AMA)
Wang, Bin& Wang, Jing. Price and Service Competition between New and Remanufactured Products. Mathematical Problems in Engineering. 2015. Vol. 2015, no. 2015, pp.1-18.
https://search.emarefa.net/detail/BIM-1073525
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1073525