Optimal prices and trade-in rebates for successive-generation products with strategic consumers and limited trade-in duration

Author(s):  
Shu Hu ◽  
Zu-Jun Ma ◽  
Jiuh-Biing Sheu
2021 ◽  
Vol 49 (2) ◽  
pp. 191-196
Author(s):  
Chen Jin ◽  
Qian Liu ◽  
Chenguang (Allen) Wu

Author(s):  
Qin Zhang ◽  
Zijian He ◽  
Junhai Ma

Consumers' strategic purchasing behavior has a great influence on the pricing and sales of new products. In order to study the impact of strategic consumers on the sales of 5G mobile phones, we establish a two-period pricing model. The supply chain contains two manufacturers, a communications operator and a mobile phone retailer. Cases where two manufacturers have the same or different pricing rights are researched by using the Stackelberg game and the Nash game model. Our research results are as follows:(1) We obtain the optimal 5G communication fees in two periods and find out how they change with the proportion of consumers changing. (2) We figure out the profits of the supply chain in two periods and analyze them. We find that the communication operator earns more than the others most of the time. (3) We investigate how the proportion of strategic consumer impact on supply chain profits and conclude that the optimal price and demand in a period will decrease as the proportion of consumers who only purchase products in the other period increases.


1957 ◽  
Vol 16 (4) ◽  
pp. 503-527 ◽  
Author(s):  
Robert H. Brower ◽  
Earl Roy Miner

The poetry of every nation and age is a complex expression of the history, spirit, and individual genius of a people; and, as each successive generation evaluates a native or an alien poetic tradition from its own historical and cultural vantage-point, it discovers meanings and values as well as limitations and weaknesses in the poetry it reads. Each generation must reassess for itself the glory that was Greece or the grandeur of Japan—so that the attempt to describe the formative elements which underlie Japanese poetic expression is more than a single essay, individual, or generation can accomplish. But the undertaking nevertheless seems necessary today, when we can no longer be satisfied with the older extremes of Victorian condescension towards “Japanese epigrams”; the exclusively historical or biographical treatment which evades direct analysis of the poetry; or that simple-minded exoticism which prefers ignorant rapture to the disciplined effort of literary criticism. For the Westerner as well as for the Japanese, poetry lives only as it is understood and felt, and our experience of Japanese poetry today must reflect contemporary critical standards and techniques of analysis—the means of understanding given us by our own age and culture.


2018 ◽  
Vol 274 (1-2) ◽  
pp. 131-154 ◽  
Author(s):  
Gerardo Berbeglia ◽  
Gautam Rayaprolu ◽  
Adrian Vetta

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