نوع مقاله : مقاله پژوهشی
عنوان مقاله English
نویسندگان English
Pricing is a critical element in supply chain decisions across strategic, tactical, and operational levels. Rapid technological innovation accelerates product introductions while empowering consumers to anticipate prices and performance. This paper develops a two-period mathematical model for optimizing pricing and product innovation decisions in markets with heterogeneous customers (myopic and strategic). Key contributions include: (1) determining optimal new product innovation level considering R&D costs, (2) introducing a comprehensive, behaviorally-informed customer utility function, and (3) jointly analyzing the impact of both customer types. Modeled within a dynamic game framework, the solution determines optimal first- and second-period prices, trade-in discounts, reduced prices for old products, and new product innovation levels. To solve this nonlinear problem, we develop a customized algorithm based on the spatial branch and bound method. Sensitivity analyses reveal that innovation level, strategic customer behavior, and pricing policy significantly impact profitability. Key findings indicate: (1) pre-determined pricing generates higher profits in 70% of scenarios, (2) dynamic pricing becomes superior under high product development costs or high proportions of strategic customers, and (3) trade-in program effectiveness increases with higher recycled product value. The analysis quantifies the distinct impacts of strategic customers, myopic customers, and trade-in programs. These insights provide managers with actionable guidance for selecting pricing strategies based on specific customer compositions and market conditions.
کلیدواژهها English
https://doi.org/10.1155/2019/3272875 Wang, X., P. Ma, and Y. Zhang, Pricing and inventory strategies under quick response with strategic and myopic consumers. International Transactions in Operational Research, 2020. 27(3): p. 1729-1750. https://doi.org/10.1111/itor.12453