Market Segmentation and Product Technology Selection for Remanufacturable Products
Remanufacturing is a production strategy whose goal is to recover the residual value of used products. Used products can be remanufactured at a lower cost than the initial production cost, but consumers value remanufactured products less than new products. The choice of production technology influen...
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| Veröffentlicht in: | Management science 2005-08, Vol.51 (8), p.1193-1205 |
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| creator | Debo, Laurens G Toktay, L. Beril Van Wassenhove, Luk N |
| description | Remanufacturing is a production strategy whose goal is to recover the residual value of used products. Used products can be remanufactured at a lower cost than the initial production cost, but consumers value remanufactured products less than new products. The choice of production technology influences the value that can be recovered from a used product. In this paper, we solve the joint pricing and production technology selection problem faced by a manufacturer that considers introducing a remanufacturable product in a market that consists of heterogeneous consumers. Our analysis discusses the market and technology drivers of product remanufacturability and identifies some phenomena of managerial importance that are typical of a remanufacturing environment. |
| doi_str_mv | 10.1287/mnsc.1050.0369 |
| format | Article |
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Our analysis discusses the market and technology drivers of product remanufacturability and identifies some phenomena of managerial importance that are typical of a remanufacturing environment.</description><identifier>ISSN: 0025-1909</identifier><identifier>EISSN: 1526-5501</identifier><identifier>DOI: 10.1287/mnsc.1050.0369</identifier><identifier>CODEN: MSCIAM</identifier><language>eng</language><publisher>Linthicum, MD: INFORMS</publisher><subject>Analysis ; Applied sciences ; Business management ; Business studies ; Capital costs ; Competition ; Consumer preferences ; Consumer profiles ; Consumers ; Cost control ; Economic models ; Exact sciences and technology ; Fixed costs ; Inventory ; Inventory control ; Inventory management ; Management science ; Manufacturers ; Manufacturing ; Market segmentation ; Marketing ; Material requirements planning ; Mathematical methods ; Operational research. Management science ; Operations management ; Pricing ; Pricing policies ; Product development ; Product lines ; Product management ; product remanufacturing ; Production costs ; Production management ; Production planning ; Remanufactured products ; Remanufacturing ; Studies ; Supply ; Target markets ; Technology ; technology management ; Tires ; Willingness to pay</subject><ispartof>Management science, 2005-08, Vol.51 (8), p.1193-1205</ispartof><rights>Copyright 2005 INFORMS</rights><rights>2005 INIST-CNRS</rights><rights>COPYRIGHT 2005 Institute for Operations Research and the Management Sciences</rights><rights>Copyright Institute for Operations Research and the Management Sciences Aug 2005</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c686t-ed594740f3951d6cb479d809f13794f2ee6b1f6ed320c949ac5cd46bbe34990e3</citedby><cites>FETCH-LOGICAL-c686t-ed594740f3951d6cb479d809f13794f2ee6b1f6ed320c949ac5cd46bbe34990e3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/20110411$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://pubsonline.informs.org/doi/full/10.1287/mnsc.1050.0369$$EHTML$$P50$$Ginforms$$H</linktohtml><link.rule.ids>314,776,780,799,3679,3994,27901,27902,57992,58225,62589</link.rule.ids><backlink>$$Uhttp://pascal-francis.inist.fr/vibad/index.php?action=getRecordDetail&idt=17110902$$DView record in Pascal Francis$$Hfree_for_read</backlink><backlink>$$Uhttp://econpapers.repec.org/article/inmormnsc/v_3a51_3ay_3a2005_3ai_3a8_3ap_3a1193-1205.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Debo, Laurens G</creatorcontrib><creatorcontrib>Toktay, L. Beril</creatorcontrib><creatorcontrib>Van Wassenhove, Luk N</creatorcontrib><title>Market Segmentation and Product Technology Selection for Remanufacturable Products</title><title>Management science</title><description>Remanufacturing is a production strategy whose goal is to recover the residual value of used products. Used products can be remanufactured at a lower cost than the initial production cost, but consumers value remanufactured products less than new products. The choice of production technology influences the value that can be recovered from a used product. In this paper, we solve the joint pricing and production technology selection problem faced by a manufacturer that considers introducing a remanufacturable product in a market that consists of heterogeneous consumers. Our analysis discusses the market and technology drivers of product remanufacturability and identifies some phenomena of managerial importance that are typical of a remanufacturing environment.</description><subject>Analysis</subject><subject>Applied sciences</subject><subject>Business management</subject><subject>Business studies</subject><subject>Capital costs</subject><subject>Competition</subject><subject>Consumer preferences</subject><subject>Consumer profiles</subject><subject>Consumers</subject><subject>Cost control</subject><subject>Economic models</subject><subject>Exact sciences and technology</subject><subject>Fixed costs</subject><subject>Inventory</subject><subject>Inventory control</subject><subject>Inventory management</subject><subject>Management science</subject><subject>Manufacturers</subject><subject>Manufacturing</subject><subject>Market segmentation</subject><subject>Marketing</subject><subject>Material requirements planning</subject><subject>Mathematical methods</subject><subject>Operational research. Management science</subject><subject>Operations management</subject><subject>Pricing</subject><subject>Pricing policies</subject><subject>Product development</subject><subject>Product lines</subject><subject>Product management</subject><subject>product remanufacturing</subject><subject>Production costs</subject><subject>Production management</subject><subject>Production planning</subject><subject>Remanufactured products</subject><subject>Remanufacturing</subject><subject>Studies</subject><subject>Supply</subject><subject>Target markets</subject><subject>Technology</subject><subject>technology management</subject><subject>Tires</subject><subject>Willingness to pay</subject><issn>0025-1909</issn><issn>1526-5501</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2005</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>BENPR</sourceid><recordid>eNqFkt-L1DAQx4souJ6--iYsguJL10nSpM3jcfgLVpTzfA5pOtnN2iZr0ir735tezzsQUcJkYPL5DvMjRfGUwIbQpn49-GQ2BDhsgAl5r1gRTkXJOZD7xQqA8pJIkA-LRykdAKBuarEqLj_q-A3H9RfcDehHPbrg19p3688xdJMZ11do9j70YXfKTI_mGrAhri9x0H6y2oxT1G2PvxXpcfHA6j7hkxt_Vnx9--bq4n25_fTuw8X5tjSiEWOJHZdVXYFlkpNOmLaqZdeAtITVsrIUUbTECuwYBSMrqQ03XSXaFlklJSA7K14ueY8xfJ8wjWpwyWDfa49hSoo1FKSQLIPP_wAPYYo-16YoYZRL0vAMlQu00z0q520YozY79Bh1Hzxal8PnuTZak0pA5jd_4fPpcHDmXwITQ0oRrTpGN-h4UgTUvEA1L1DNC1TzArNguwgiHtHc0s4PIV6jPxTTnOTrlI0C8OxctibbMRshkuXMOb4fh5zuxc0UdDK6t1F749JdETUhIIFm7tnCHdIY4u07hfxeEXI3qLnnOKT_t_Fq4fdut__p4jKsWZj_TzJO5RYaNdfKfgG_5trx</recordid><startdate>20050801</startdate><enddate>20050801</enddate><creator>Debo, Laurens G</creator><creator>Toktay, L. 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Beril ; Van Wassenhove, Luk N</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c686t-ed594740f3951d6cb479d809f13794f2ee6b1f6ed320c949ac5cd46bbe34990e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2005</creationdate><topic>Analysis</topic><topic>Applied sciences</topic><topic>Business management</topic><topic>Business studies</topic><topic>Capital costs</topic><topic>Competition</topic><topic>Consumer preferences</topic><topic>Consumer profiles</topic><topic>Consumers</topic><topic>Cost control</topic><topic>Economic models</topic><topic>Exact sciences and technology</topic><topic>Fixed costs</topic><topic>Inventory</topic><topic>Inventory control</topic><topic>Inventory management</topic><topic>Management science</topic><topic>Manufacturers</topic><topic>Manufacturing</topic><topic>Market segmentation</topic><topic>Marketing</topic><topic>Material requirements planning</topic><topic>Mathematical methods</topic><topic>Operational research. Management science</topic><topic>Operations management</topic><topic>Pricing</topic><topic>Pricing policies</topic><topic>Product development</topic><topic>Product lines</topic><topic>Product management</topic><topic>product remanufacturing</topic><topic>Production costs</topic><topic>Production management</topic><topic>Production planning</topic><topic>Remanufactured products</topic><topic>Remanufacturing</topic><topic>Studies</topic><topic>Supply</topic><topic>Target markets</topic><topic>Technology</topic><topic>technology management</topic><topic>Tires</topic><topic>Willingness to pay</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Debo, Laurens G</creatorcontrib><creatorcontrib>Toktay, L. 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Beril</au><au>Van Wassenhove, Luk N</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Market Segmentation and Product Technology Selection for Remanufacturable Products</atitle><jtitle>Management science</jtitle><date>2005-08-01</date><risdate>2005</risdate><volume>51</volume><issue>8</issue><spage>1193</spage><epage>1205</epage><pages>1193-1205</pages><issn>0025-1909</issn><eissn>1526-5501</eissn><coden>MSCIAM</coden><abstract>Remanufacturing is a production strategy whose goal is to recover the residual value of used products. Used products can be remanufactured at a lower cost than the initial production cost, but consumers value remanufactured products less than new products. The choice of production technology influences the value that can be recovered from a used product. In this paper, we solve the joint pricing and production technology selection problem faced by a manufacturer that considers introducing a remanufacturable product in a market that consists of heterogeneous consumers. Our analysis discusses the market and technology drivers of product remanufacturability and identifies some phenomena of managerial importance that are typical of a remanufacturing environment.</abstract><cop>Linthicum, MD</cop><pub>INFORMS</pub><doi>10.1287/mnsc.1050.0369</doi><tpages>13</tpages></addata></record> |
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| identifier | ISSN: 0025-1909 |
| ispartof | Management science, 2005-08, Vol.51 (8), p.1193-1205 |
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| subjects | Analysis Applied sciences Business management Business studies Capital costs Competition Consumer preferences Consumer profiles Consumers Cost control Economic models Exact sciences and technology Fixed costs Inventory Inventory control Inventory management Management science Manufacturers Manufacturing Market segmentation Marketing Material requirements planning Mathematical methods Operational research. Management science Operations management Pricing Pricing policies Product development Product lines Product management product remanufacturing Production costs Production management Production planning Remanufactured products Remanufacturing Studies Supply Target markets Technology technology management Tires Willingness to pay |
| title | Market Segmentation and Product Technology Selection for Remanufacturable Products |
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