Translator Disclaimer
2016 Pricing Strategies in the Remanufacturing Market for the Uncertain Market Size in the Second Period
Liurui Deng, Shenggang Yang
J. Appl. Math. 2016: 1-13 (2016). DOI: 10.1155/2016/4164295

Abstract

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.

Citation

Download Citation

Liurui Deng. Shenggang Yang. "Pricing Strategies in the Remanufacturing Market for the Uncertain Market Size in the Second Period." J. Appl. Math. 2016 1 - 13, 2016. https://doi.org/10.1155/2016/4164295

Information

Received: 20 December 2015; Accepted: 17 March 2016; Published: 2016
First available in Project Euclid: 13 April 2016

zbMATH: 07037274
MathSciNet: MR3484235
Digital Object Identifier: 10.1155/2016/4164295

Rights: Copyright © 2016 Hindawi

JOURNAL ARTICLE
13 PAGES


SHARE
Vol.2016 • 2016
Back to Top