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Pricing Strategies in the Remanufacturing Market for the Uncertain Market Size in the Second Period
Joint Authors
Source
Journal of Applied Mathematics
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-03-31
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Abstract EN
Our main endeavor is to investigate the effect of the uncertain market size in the second period on the pricing strategies in the remanufacturing market.
Observing the previous research, we find that the market size in the second period is always supposed to be certain.
However, there is substantial empirical and experimental evidence that the market size in reality deviates from this assumption.
In fact, though the market size in the first period is definitized, it is difficult to confirm the change of the market scale in the second period, since this change is affected by all kinds of elements, such as the awareness of environmental protection, some consumers’ psychological factors, and the related governments’ policies.
Hence, we pay attention to the case in which the change rate of the market scale in the second period is random variable.
We suppose that this rate satisfies uniform distribution on [ 0,2 ] .
Underlying this assumption, we further provide an insight into the game-playing relationship between original equipment manufacturers (OEMs) and remanufacturers.
Moreover, we delicately and subtly incorporate the game theory, stochastic analysis, adversarial risk analysis (ARA), and optimization methods into the pricing strategies in the remanufacturing market.
Last but not least, considerable efforts and attempts have been made to subtly test the sensitivity of an optimal solution to the different parameters.
American Psychological Association (APA)
Deng, Liurui& Yang, Shenggang. 2016. Pricing Strategies in the Remanufacturing Market for the Uncertain Market Size in the Second Period. Journal of Applied Mathematics،Vol. 2016, no. 2016, pp.1-13.
https://search.emarefa.net/detail/BIM-1107199
Modern Language Association (MLA)
Deng, Liurui& Yang, Shenggang. Pricing Strategies in the Remanufacturing Market for the Uncertain Market Size in the Second Period. Journal of Applied Mathematics No. 2016 (2016), pp.1-13.
https://search.emarefa.net/detail/BIM-1107199
American Medical Association (AMA)
Deng, Liurui& Yang, Shenggang. Pricing Strategies in the Remanufacturing Market for the Uncertain Market Size in the Second Period. Journal of Applied Mathematics. 2016. Vol. 2016, no. 2016, pp.1-13.
https://search.emarefa.net/detail/BIM-1107199
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1107199