Retailer's optimal pricing and replenishment policy for new product and optimal take-back quantity of used product
Retailer's optimal pricing and replenishment policy for new product and optimal take-back quantity of used product
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.