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Academic Journal of Business & Management, 2023, 5(17); doi: 10.25236/AJBM.2023.051711.

Effect of Return Policy on the Circulation of Remanufactured Products in the Market

Author(s)

Xiaoyao Li1, Xueying Meng1, Yao Xiao1, Qingchen Zhou2

Corresponding Author:
Xueying Meng
Affiliation(s)

1Business School, Shandong University of Technology, Zibo, China

2Graduate College, Heilongjiang University of Science and Technology, Harbin, China

Abstract

With the increasing number of products produced in the market, the supply of recycled products has become more and more concerned by people. People have a preference for the pricing aspect of recycled products, but there is still some psychological barrier towards them. In fact, the quality of recycled products is comparable to that of new products. This article studies the equilibrium problem of return policies for new and remanufactured products, so that resources can be used more rationally and the profits of all parties in the supply chain can be maximized.

Keywords

Return policy, Remanufactured products, Supply chain, Recovery, Profit maximization, Balanced

Cite This Paper

Xiaoyao Li, Xueying Meng, Yao Xiao, Qingchen Zhou. Effect of Return Policy on the Circulation of Remanufactured Products in the Market. Academic Journal of Business & Management (2023) Vol. 5, Issue 17: 68-70. https://doi.org/10.25236/AJBM.2023.051711.

References

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