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The role of ambiguity tolerance in consumer perception of remanufactured products

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  • Hazen, Benjamin T.
  • Overstreet, Robert E.
  • Jones-Farmer, L. Allison
  • Field, Hubert S.
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    Abstract

    This study examines ambiguity tolerance, perceived quality, and willingness to pay for remanufactured products. We found evidence to support a direct relationship between a consumer's tolerance for ambiguity and their willingness to pay for remanufactured products. There was also support for an indirect relationship between ambiguity tolerance and willingness to pay that is mediated through perceived quality. Extant literature often lacks an empirical justification regarding costing and quality assumptions for remanufactured products. This research provides such justification while also offering an explanation as to why consumers view remanufactured products as being of lower quality and are less willing to pay for them. Those employed in the remanufacturing industry are advised to reduce the level of ambiguity associated with their remanufacturing processes in order to command higher prices for their products in the marketplace.

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    Bibliographic Info

    Article provided by Elsevier in its journal International Journal of Production Economics.

    Volume (Year): 135 (2012)
    Issue (Month): 2 ()
    Pages: 781-790

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    Handle: RePEc:eee:proeco:v:135:y:2012:i:2:p:781-790

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    Web page: http://www.elsevier.com/locate/ijpe

    Related research

    Keywords: Remanufacturing; Quality; Ambiguity; Willingness to pay; Structural equation modeling;

    References

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    Cited by:
    1. Ancarani, A. & Di Mauro, C. & D'Urso, D., 2013. "A human experiment on inventory decisions under supply uncertainty," International Journal of Production Economics, Elsevier, vol. 142(1), pages 61-73.

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