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Pricing strategies for new product and remanufactured product considering emission sensitive demand
With the rapidly increasing concern on environmental pollution and resource shortage, remanufactured products attract many attentions. In order to determine the optimal production and pricing strategy, we construct decision models for both single-product market and mixed-product market. Consumers’ d...
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Published in: | PloS one 2023-09, Vol.18 (9), p.e0288225-e0288225 |
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description | With the rapidly increasing concern on environmental pollution and resource shortage, remanufactured products attract many attentions. In order to determine the optimal production and pricing strategy, we construct decision models for both single-product market and mixed-product market. Consumers’ different preferences for new products and remanufactured products are considered. First, we construct pricing models for a single-product market, and achieve a judging condition to determine the optimal strategy. Second, we develop a pricing model for a multiple-product market and put forward a suppose to show that the multiple-product strategy is not always optimal. Finally, numerical illustrations are designed to examine the impacts of the two crucial factors and obtain the dominant regions for each strategy. By introducing an emission sensitive demand, we show the superiority of the remanufactured product when the extra demand attracted by the emission saving is large. |
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In order to determine the optimal production and pricing strategy, we construct decision models for both single-product market and mixed-product market. Consumers’ different preferences for new products and remanufactured products are considered. First, we construct pricing models for a single-product market, and achieve a judging condition to determine the optimal strategy. Second, we develop a pricing model for a multiple-product market and put forward a suppose to show that the multiple-product strategy is not always optimal. Finally, numerical illustrations are designed to examine the impacts of the two crucial factors and obtain the dominant regions for each strategy. By introducing an emission sensitive demand, we show the superiority of the remanufactured product when the extra demand attracted by the emission saving is large.</description><identifier>ISSN: 1932-6203</identifier><identifier>EISSN: 1932-6203</identifier><identifier>DOI: 10.1371/journal.pone.0288225</identifier><identifier>PMID: 37672557</identifier><language>eng</language><publisher>San Francisco: Public Library of Science</publisher><subject>Carbon ; Consumers ; Decision analysis ; Demand ; Ecology and Environmental Sciences ; Economic aspects ; Emission ; Emissions ; Emissions (Pollution) ; Engineering and Technology ; Environmental aspects ; Environmental pollution ; Environmental tax ; Fiscal policy ; Manufacturers ; Manufacturing ; Markets ; Pollution ; Preferences ; Pricing ; Product development ; Recycling ; Remanufacturing ; Social Sciences ; Subsidies ; Supply chains ; Sustainable development ; Tax rates ; Willingness to pay</subject><ispartof>PloS one, 2023-09, Vol.18 (9), p.e0288225-e0288225</ispartof><rights>COPYRIGHT 2023 Public Library of Science</rights><rights>2023 Huang et al. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><rights>2023 Huang et al 2023 Huang et al</rights><rights>2023 Huang et al. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. 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In order to determine the optimal production and pricing strategy, we construct decision models for both single-product market and mixed-product market. Consumers’ different preferences for new products and remanufactured products are considered. First, we construct pricing models for a single-product market, and achieve a judging condition to determine the optimal strategy. Second, we develop a pricing model for a multiple-product market and put forward a suppose to show that the multiple-product strategy is not always optimal. Finally, numerical illustrations are designed to examine the impacts of the two crucial factors and obtain the dominant regions for each strategy. By introducing an emission sensitive demand, we show the superiority of the remanufactured product when the extra demand attracted by the emission saving is large.</description><subject>Carbon</subject><subject>Consumers</subject><subject>Decision analysis</subject><subject>Demand</subject><subject>Ecology and Environmental Sciences</subject><subject>Economic aspects</subject><subject>Emission</subject><subject>Emissions</subject><subject>Emissions (Pollution)</subject><subject>Engineering and Technology</subject><subject>Environmental aspects</subject><subject>Environmental pollution</subject><subject>Environmental tax</subject><subject>Fiscal policy</subject><subject>Manufacturers</subject><subject>Manufacturing</subject><subject>Markets</subject><subject>Pollution</subject><subject>Preferences</subject><subject>Pricing</subject><subject>Product development</subject><subject>Recycling</subject><subject>Remanufacturing</subject><subject>Social 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one</jtitle><date>2023-09-06</date><risdate>2023</risdate><volume>18</volume><issue>9</issue><spage>e0288225</spage><epage>e0288225</epage><pages>e0288225-e0288225</pages><issn>1932-6203</issn><eissn>1932-6203</eissn><notes>ObjectType-Article-1</notes><notes>SourceType-Scholarly Journals-1</notes><notes>ObjectType-Feature-2</notes><notes>content type line 23</notes><notes>Competing Interests: The authors have declared that no competing interests exist.</notes><abstract>With the rapidly increasing concern on environmental pollution and resource shortage, remanufactured products attract many attentions. In order to determine the optimal production and pricing strategy, we construct decision models for both single-product market and mixed-product market. Consumers’ different preferences for new products and remanufactured products are considered. First, we construct pricing models for a single-product market, and achieve a judging condition to determine the optimal strategy. Second, we develop a pricing model for a multiple-product market and put forward a suppose to show that the multiple-product strategy is not always optimal. Finally, numerical illustrations are designed to examine the impacts of the two crucial factors and obtain the dominant regions for each strategy. By introducing an emission sensitive demand, we show the superiority of the remanufactured product when the extra demand attracted by the emission saving is large.</abstract><cop>San Francisco</cop><pub>Public Library of Science</pub><pmid>37672557</pmid><doi>10.1371/journal.pone.0288225</doi><tpages>e0288225</tpages><orcidid>https://orcid.org/0009-0006-2496-5327</orcidid><oa>free_for_read</oa></addata></record> |
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subjects | Carbon Consumers Decision analysis Demand Ecology and Environmental Sciences Economic aspects Emission Emissions Emissions (Pollution) Engineering and Technology Environmental aspects Environmental pollution Environmental tax Fiscal policy Manufacturers Manufacturing Markets Pollution Preferences Pricing Product development Recycling Remanufacturing Social Sciences Subsidies Supply chains Sustainable development Tax rates Willingness to pay |
title | Pricing strategies for new product and remanufactured product considering emission sensitive demand |
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