Abstract
New generation of high-technology products are lunched with an intensive innovation rate before the early generation is sold out. While in the market of remanufactured products, upgrading is necessary to keep pace with the technology development. Additionally, the supply of the remanufactured products is restricted by the returned cores. Hence, a problem surfaces because of the unattractive new products belonging to the early generation stock, while the attractive refurbished products belonging to the updated technology are in short supply. Returning number of unsold products for upgrading provides a possible solution. This paper provides a method to price the new and the remanufactured products. How many unsold new products would be returned to remanufacture and how many used products would be acquired are in the scope of this paper. A profit maximization model associated with discrete choice demand function is provided.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: DEStech Transactions on Engineering and Technology Research
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
