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Revenue management for remanufactured products


  • Mitra, Subrata


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.

Suggested Citation

  • Mitra, Subrata, 2007. "Revenue management for remanufactured products," Omega, Elsevier, vol. 35(5), pages 553-562, October.
  • Handle: RePEc:eee:jomega:v:35:y:2007:i:5:p:553-562

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    References listed on IDEAS

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    Cited by:

    1. Li, Kate J. & Xu, Susan H., 2015. "The comparison between trade-in and leasing of a product with technology innovations," Omega, Elsevier, vol. 54(C), pages 134-146.
    2. Liu, Huihui & Lei, Ming & Deng, Honghui & Keong Leong, G. & Huang, Tao, 2016. "A dual channel, quality-based price competition model for the WEEE recycling market with government subsidy," Omega, Elsevier, vol. 59(PB), pages 290-302.
    3. Gan, Shu San & Pujawan, I. Nyoman & Suparno, & Widodo, Basuki, 2015. "Pricing decision model for new and remanufactured short-life cycle products with time-dependent demand," Operations Research Perspectives, Elsevier, vol. 2(C), pages 1-12.
    4. Agata Mesjasz-Lech, 2009. "Selected Problems Of Reverse Logistics In Poland," Advanced Logistic systems, University of Miskolc, Department of Material Handling and Logistics, vol. 3(1), pages 181-190, December.
    5. repec:eee:proeco:v:190:y:2017:i:c:p:120-132 is not listed on IDEAS
    6. Ferguson, M. & Fleischmann, M. & Souza, G.C., 2008. "Applying Revenue Management to the Reverse Supply Chain," ERIM Report Series Research in Management ERS-2008-052-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    7. Niknejad, A. & Petrovic, D., 2014. "Optimisation of integrated reverse logistics networks with different product recovery routes," European Journal of Operational Research, Elsevier, vol. 238(1), pages 143-154.
    8. Schulz, Tobias & Voigt, Guido, 2014. "A flexibly structured lot sizing heuristic for a static remanufacturing system," Omega, Elsevier, vol. 44(C), pages 21-31.
    9. Melo, M.T. & Nickel, S. & Saldanha-da-Gama, F., 2009. "Facility location and supply chain management - A review," European Journal of Operational Research, Elsevier, vol. 196(2), pages 401-412, July.
    10. Kadambala, Dinesh K. & Subramanian, Nachiappan & Tiwari, Manoj K. & Abdulrahman, Muhammad & Liu, Chang, 2017. "Closed loop supply chain networks: Designs for energy and time value efficiency," International Journal of Production Economics, Elsevier, vol. 183(PB), pages 382-393.
    11. Govindan, Kannan & Soleimani, Hamed & Kannan, Devika, 2015. "Reverse logistics and closed-loop supply chain: A comprehensive review to explore the future," European Journal of Operational Research, Elsevier, vol. 240(3), pages 603-626.
    12. Gaur, Jighyasu & Amini, Mehdi & Rao, A.K., 2017. "Closed-loop supply chain configuration for new and reconditioned products: An integrated optimization model," Omega, Elsevier, vol. 66(PB), pages 212-223.
    13. Tsai, Wen-Hsien & Hung, Shih-Jieh, 2009. "Dynamic pricing and revenue management process in Internet retailing under uncertainty: An integrated real options approach," Omega, Elsevier, vol. 37(2), pages 471-481, April.
    14. Vadde, Srikanth & Zeid, Abe & Kamarthi, Sagar V., 2011. "Pricing decisions in a multi-criteria setting for product recovery facilities," Omega, Elsevier, vol. 39(2), pages 186-193, April.
    15. García-Rodríguez, Francisco J. & Castilla-Gutiérrez, Carlos & Bustos-Flores, Carlos, 2013. "Implementation of reverse logistics as a sustainable tool for raw material purchasing in developing countries: The case of Venezuela," International Journal of Production Economics, Elsevier, vol. 141(2), pages 582-592.
    16. Hua, Zhongsheng & Zhang, Xuemei & Xu, Xiaoyan, 2011. "Product design strategies in a manufacturer-retailer distribution channel," Omega, Elsevier, vol. 39(1), pages 23-32, January.
    17. Poles, Roberto, 2013. "System Dynamics modelling of a production and inventory system for remanufacturing to evaluate system improvement strategies," International Journal of Production Economics, Elsevier, vol. 144(1), pages 189-199.
    18. Ku, Cheng-Yuan & Chang, Yi-Wen, 2012. "Optimal production and selling policies with fixed-price contracts and contingent-price offers," International Journal of Production Economics, Elsevier, vol. 137(1), pages 94-101.
    19. Srivastava, Samir K., 2008. "Network design for reverse logistics," Omega, Elsevier, vol. 36(4), pages 535-548, August.
    20. Aras, Necati & Güllü, Refik & Yürülmez, Sevil, 2011. "Optimal inventory and pricing policies for remanufacturable leased products," International Journal of Production Economics, Elsevier, vol. 133(1), pages 262-271, September.
    21. repec:eee:jomega:v:78:y:2018:i:c:p:205-221 is not listed on IDEAS
    22. Besiou, Maria & Georgiadis, Patroklos & Van Wassenhove, Luk N., 2012. "Official recycling and scavengers: Symbiotic or conflicting?," European Journal of Operational Research, Elsevier, vol. 218(2), pages 563-576.
    23. Wu, Cheng-Han, 2013. "OEM product design in a price competition with remanufactured product," Omega, Elsevier, vol. 41(2), pages 287-298.
    24. Dev, Navin K. & Shankar, Ravi & Choudhary, Alok, 2017. "Strategic design for inventory and production planning in closed-loop hybrid systems," International Journal of Production Economics, Elsevier, vol. 183(PB), pages 345-353.
    25. Xiong, Yu & Li, Gendao & Zhou, Yu & Fernandes, Kiran & Harrison, Richard & Xiong, Zhongkai, 2014. "Dynamic pricing models for used products in remanufacturing with lost-sales and uncertain quality," International Journal of Production Economics, Elsevier, vol. 147(PC), pages 678-688.


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