Article ID: | iaor200834 |
Country: | United Kingdom |
Volume: | 35 |
Issue: | 5 |
Start Page Number: | 553 |
End Page Number: | 562 |
Publication Date: | Oct 2007 |
Journal: | OMEGA |
Authors: | Mitra Subrata |
Keywords: | supply & supply chains, manufacturing industries, yield management |
Revenue management for remanufactured products has not been addressed in literature so far. There could be more than one quality level of the recovered products, which would draw different prices in the secondary markets. In this paper, we develop a pricing model to maximize the expected revenue from the recovered products. Numerical examples are included for illustration.