Matching demand and supply to maximise profits and remanufacturing

Matching demand and supply to maximise profits and remanufacturing

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Article ID: iaor20043415
Country: United States
Volume: 5
Issue: 4
Start Page Number: 303
End Page Number: 316
Publication Date: Sep 2003
Journal: Manufacturing & Service Operations Management
Authors: , ,
Keywords: supply
Abstract:

The profitability of remanufacturing depends on the quantity and quality of product returns and on the demand for remanufactured products. The quantity and quality of product returns can be influenced by varying quality-dependent acquisition prices, i.e., by using product acquisition management. Demand can be influenced by varying the selling price. We develop a simple framework for determining the optimal prices and the corresponding profitability. We motivate and illustrate our framework using an application from the cellular telephone industry.

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