Geodesic
Retailer's Optimal Pricing and Replenishment Policy for New Product and Optimal Take-Back Quantity of Used Product
Yugoslav journal of operations research, Tome 28 (2018) no. 3, p. 345 .

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In the world of limited resources, recovery of used products for reselling or recycling is a critical issue from the economic and environmental point of view. In this paper, we have assumed that a retailer sells the new product to customers as well as collects and sells the used products. We adopt a price dependent quadratic demand function, and the return of used product as a price and time-dependent linear function. The proposed problem is formulated as a pro t maximization problem for the retailer. The objective is to find the optimal selling price, the optimal ordering quantity for the new product, and the optimal quantity of used product simultaneously such that the retailers total pro t is maximized. The model is validated by a numerical example and sensitivity analysis is performed for the key parameters.
Classification : 90B05
Keywords: Inventory, Replenishment quantity, Price-dependent demand, Used product 
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     author = {Nita H. Shah and Chetansinh R. Vaghela},
     title = {Retailer's {Optimal} {Pricing} and {Replenishment} {Policy} for {New} {Product} and {Optimal} {Take-Back} {Quantity} of {Used} {Product}},
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Nita H. Shah; Chetansinh R. Vaghela. Retailer's Optimal Pricing and Replenishment Policy for New Product and Optimal Take-Back Quantity of Used Product. Yugoslav journal of operations research, Tome 28 (2018) no. 3, p. 345 . http://geodesic.mathdoc.fr/item/YJOR_2018_28_3_a3/