{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,1,9]],"date-time":"2026-01-09T12:52:26Z","timestamp":1767963146930,"version":"3.49.0"},"reference-count":32,"publisher":"Emerald","issue":"3","license":[{"start":{"date-parts":[[2015,4,13]],"date-time":"2015-04-13T00:00:00Z","timestamp":1428883200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2015,4,13]]},"abstract":"<jats:sec><jats:title content-type=\"abstract-heading\">Purpose<\/jats:title><jats:p>\u2013 The purpose of this paper is to investigate the dynamic acquisition pricing strategy for collecting used products (also known as cores or returns) in a finite planning horizon. In particular, this paper studies a cost-minimization model in which a firm offers acquisition price that impacts the quantity of the returns, and remanufactures the used product to satisfy the customer demand.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Design\/methodology\/approach<\/jats:title><jats:p>\u2013 This paper uses multi-period stochastic dynamic programming theory to model a remanufacturing system that faces the random demand for remanufactured products. The number of the returns at each period is uncertain and increases linearly with the acquisition price offered.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Findings<\/jats:title><jats:p>\u2013 The study shows that when the uncertainty of demand for remanufactured products increases, the remanufacturer should hold a higher core stock level to minimize the expected total cost and thus a higher acquisition price is needed to attract returns. However, given demand uncertainty, the optimal price decreases in the initial core stock level in each period. It also indicates that the optimal acquisition price increases in the variance of the returns, but decreases in the mean of the returns.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Practical implications<\/jats:title><jats:p>\u2013 The findings suggest that a remanufacturer could reduce the expected total cost by adjusting the acquisition price according to the number of returns periodically.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Originality\/value<\/jats:title><jats:p>\u2013 Introducing the impact of supply uncertainty on the acquisition price of used products, this paper uses a multi-period dynamic model, instead of single period model in previous studies, to examine the remanufacturer\u2019s dynamic acquisition pricing policy.<\/jats:p><\/jats:sec>","DOI":"10.1108\/imds-11-2014-0333","type":"journal-article","created":{"date-parts":[[2015,4,8]],"date-time":"2015-04-08T05:04:10Z","timestamp":1428469450000},"page":"521-540","source":"Crossref","is-referenced-by-count":23,"title":["Dynamic acquisition pricing policy under uncertain remanufactured-product demand"],"prefix":"10.1108","volume":"115","author":[{"given":"Jiaping","family":"Xie","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Zhong June","family":"Li","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Yong","family":"Yao","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Ling","family":"Liang","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"140","reference":[{"key":"key2020122502210633100_b2","doi-asserted-by":"crossref","unstructured":"Aras, N. , G\u00fcll\u00fc, R. and Y\u00fcr\u00fclmez, S. (2011), \u201cOptimal inventory and pricing policies for remanufacturable leased products\u201d, International Journal of Production Economics , Vol. 133 No. 1, pp. 262-271.","DOI":"10.1016\/j.ijpe.2010.01.024"},{"key":"key2020122502210633100_b3","doi-asserted-by":"crossref","unstructured":"Atasu, A. , Sarvary, M. and Van Wassenhove, L.N. (2008), \u201cRemanufacturing as a marketing strategy\u201d, Management Science , Vol. 54 No. 10, pp. 1731-1746.","DOI":"10.1287\/mnsc.1080.0893"},{"key":"key2020122502210633100_b4","doi-asserted-by":"crossref","unstructured":"Baines, T. , Lightfoot, H. , Peppard, J. , Johnson, M. , Tiwari, A. , Shehab, E. and Swink, M. (2009), \u201cTowards an operations strategy for product-centric servitization\u201d, International Journal of Operations & Production Management , Vol. 29 No. 5, pp. 494-519.","DOI":"10.1108\/01443570910953603"},{"key":"key2020122502210633100_b5","doi-asserted-by":"crossref","unstructured":"Bakal, I.S. and Akcali, E. (2006), \u201cEffects of random yield in remanufacturing with price-sensitive supply and demand\u201d, Production and Operations Management , Vol. 15 No. 3, pp. 407-420.","DOI":"10.1111\/j.1937-5956.2006.tb00254.x"},{"key":"key2020122502210633100_b6","unstructured":"Bulmus, S.C. , Zhu, S.X. and Teunter, R. (2014). \u201cCompetition for cores in remanufacturing\u201d, European Journal of Operational Research , Vol. 233 No. 1, pp. 105-113."},{"key":"key2020122502210633100_b7","doi-asserted-by":"crossref","unstructured":"Chen, J.M. and Chang, C.I. (2012), \u201cThe economics of a closed-loop supply chain with remanufacturing\u201d, Journal of the Operational Research Society , Vol. 63 No. 10, pp. 1323-1335.","DOI":"10.1057\/jors.2011.142"},{"key":"key2020122502210633100_b8","doi-asserted-by":"crossref","unstructured":"Ciarallo, F.W. , Akella, R. and Morton, T.E. (1994), \u201cA periodic review, production planning model with uncertain capacity and uncertain demand-optimality of extended myopic policies\u201d, Management Science , Vol. 40 No. 3, pp. 320-332.","DOI":"10.1287\/mnsc.40.3.320"},{"key":"key2020122502210633100_b9","doi-asserted-by":"crossref","unstructured":"Ferguson, M.E. and Toktay, L.B. (2006), \u201cThe effect of competition on recovery strategies\u201d, Production and Operations Management , Vol. 15 No. 3, pp. 351-368.","DOI":"10.1111\/j.1937-5956.2006.tb00250.x"},{"key":"key2020122502210633100_b10","doi-asserted-by":"crossref","unstructured":"Ferrer, G. and Swaminathan, J.M. (2006), \u201cManaging new and remanufactured products\u201d, Management Science , Vol. 52 No. l, pp. 15-26.","DOI":"10.1287\/mnsc.1050.0465"},{"key":"key2020122502210633100_b11","doi-asserted-by":"crossref","unstructured":"Fibich, G. , Gavious, A. and Lowengart, O. (2003), \u201cExplicit solutions of optimization models and differential games with nonsmooth (asymmetric) reference-price effects\u201d, Operations Research , Vol. 51 No. 5, pp. 721-734.","DOI":"10.1287\/opre.51.5.721.16758"},{"key":"key2020122502210633100_b12","doi-asserted-by":"crossref","unstructured":"Gallego, G. and Hu, M. (2014), \u201cDynamic pricing of perishable assets under competition\u201d, Management Science , Vol. 60 No. 5, pp. 1241-1259.","DOI":"10.1287\/mnsc.2013.1821"},{"key":"key2020122502210633100_b123","doi-asserted-by":"crossref","unstructured":"Guide, V.D.R. and Wassenhove, L.N. (2001), \u201cManaging product returns for remanufacturing\u201d, Production and Operation Management , Vol. 10 No. 2, pp. 142-155.","DOI":"10.1111\/j.1937-5956.2001.tb00075.x"},{"key":"key2020122502210633100_b13","doi-asserted-by":"crossref","unstructured":"Guide, V.D.R. , Teunter, R.H. and Van Wassenhove, L.N. (2003), \u201cMatching demand and supply to maximize pro\ufb01ts from remanufacturing\u201d, Manufacturing & Service Operations Management , Vol. 5 No. 4, pp. 303-316.","DOI":"10.1287\/msom.5.4.303.24883"},{"key":"key2020122502210633100_b15","doi-asserted-by":"crossref","unstructured":"Kaya, O. (2010), \u201cIncentive and production decisions for remanufacturing operations\u201d, European Journal of Operational Research , Vol. 201 No. 2, pp. 442-453.","DOI":"10.1016\/j.ejor.2009.03.007"},{"key":"key2020122502210633100_b16","doi-asserted-by":"crossref","unstructured":"Klausner, M. and Hendrickson, C.T. (2000), \u201cReverse-logistics strategy for product take-back\u201d, Interfaces , Vol. 30 No. 3, pp. 156-165.","DOI":"10.1287\/inte.30.3.156.11657"},{"key":"key2020122502210633100_b17","doi-asserted-by":"crossref","unstructured":"Kopalle, P.K. , Rao, A.G. and Assuncao, J.L. (1996), \u201cAsymmetric reference price effects and dynamic pricing policies\u201d, Marketing Science , Vol. 15 No. 1, pp. 60-85.","DOI":"10.1287\/mksc.15.1.60"},{"key":"key2020122502210633100_b18","doi-asserted-by":"crossref","unstructured":"Kwak, M. and Kim, H. (2013), \u201cMarket positioning of remanufactured products with optimal planning for part upgrades\u201d, Journal of Mechanical Design , Vol. 135 No. 1, pp. 7-11.","DOI":"10.1115\/1.4023000"},{"key":"key2020122502210633100_b21","doi-asserted-by":"crossref","unstructured":"Liang, Y. , Pokharel, S. and Lim, G.H. (2009), \u201cPricing used products for remanufacturing\u201d, European Journal of Operational Research , Vol. 193 No. 2, pp. 390-395.","DOI":"10.1016\/j.ejor.2007.11.029"},{"key":"key2020122502210633100_b22","doi-asserted-by":"crossref","unstructured":"Lifset, R. , Atasu, A. and Tojo, N. (2013), \u201cExtended producer responsibility\u201d, Journal of Industrial Ecology , Vol. 17 No. 2, pp. 162-166.","DOI":"10.1111\/jiec.12022"},{"key":"key2020122502210633100_b19","doi-asserted-by":"crossref","unstructured":"Li, K.J. , Fong, D.K. and Xu, S.H. (2011), \u201cManaging trade-in programs based on product characteristics and customer heterogeneity in business-to-business markets\u201d, Manufacturing & Service Operations Management , Vol. 13 No. 1, pp. 108-123.","DOI":"10.1287\/msom.1100.0307"},{"key":"key2020122502210633100_b20","doi-asserted-by":"crossref","unstructured":"Li, Q. , Xu, H. and Zheng, S. (2008), \u201cPeriodic-review inventory systems with random yield and demand: bounds and heuristics\u201d, IIE Transactions , Vol. 40 No. 4, pp. 434-444.","DOI":"10.1080\/07408170701598108"},{"key":"key2020122502210633100_b23","doi-asserted-by":"crossref","unstructured":"Olorunniwo, F.O. and Li, X. (2011), \u201cAn overview of some reverse logistics practices in the United States\u201d, In Supply Chain Forum: An International Journal , Vol. 12 No. 3, pp. 2-9.","DOI":"10.1080\/16258312.2011.11517268"},{"key":"key2020122502210633100_b24","doi-asserted-by":"crossref","unstructured":"Raz, G. , Druehl, C.T. and Blass, V. (2013), \u201cDesign for the environment: life cycle approach using a newsvendor model\u201d, Production and Operations Management , Vol. 22 No. 4, pp. 940-957.","DOI":"10.1111\/poms.12011"},{"key":"key2020122502210633100_b25","doi-asserted-by":"crossref","unstructured":"Savaskan, R.C. , Bhattacharya, S. and Van Wassenhove, L.N. (2004), \u201cClosed-loop supply chain models with product remanufacturing\u201d, Management Science , Vol. 50 No. 2, pp. 239-252.","DOI":"10.1287\/mnsc.1030.0186"},{"key":"key2020122502210633100_b27","doi-asserted-by":"crossref","unstructured":"Souza, G.C. (2012), Sustainable Operations and Closed-Loop Supply Chains , Business Expert Press, New York, NY.","DOI":"10.4128\/9781606493700"},{"key":"key2020122502210633100_b26","doi-asserted-by":"crossref","unstructured":"Souza, G.C. (2013), \u201cClosed loop supply chains: a critical review, and future research\u201d, Decision Sciences , Vol. 44 No. 1, pp. 7-38.","DOI":"10.1111\/j.1540-5915.2012.00394.x"},{"key":"key2020122502210633100_b28","unstructured":"Sun, X.C. , Chen, Q.S. , Li, X. and Tu, B.S. (2007), \u201cOptimal control policy for collecting used products in remanufacturing system\u201d, Computer Integrated Manufacturing Systems , Vol. 13 No. 9, pp. 1820-1825."},{"key":"key2020122502210633100_b30","doi-asserted-by":"crossref","unstructured":"Toktay, L.B. and Wei, D. (2011), \u201cCost allocation in manufacturing-remanufacturing operations\u201d, Production and Operations Management , Vol. 20 No. 6, pp. 841-847.","DOI":"10.1111\/j.1937-5956.2011.01236.x"},{"key":"key2020122502210633100_b29","unstructured":"Xie, J.P. and Wang, S. (2011), \u201cOptimal production decision model of the manufacturing\/remanufacturing system in the heterogeneous market\u201d, Journal of Management Sciences in China , Vol. 14 No. 3, pp. 24-33."},{"key":"key2020122502210633100_b31","unstructured":"Zhao, Y. , Pandey, V. , Kim, H. and Thurston, D. (2010), \u201cVarying lifecycle lengths within a product take-back portfolio\u201d, Journal of Mechanical Design , Vol. 132 No. 9, pp. 091012-1-091012-10."},{"key":"key2020122502210633100_b32","doi-asserted-by":"crossref","unstructured":"Zhou, S.X. and Yu, Y. (2011), \u201cTechnical note \u2013 optimal product acquisition, pricing, and inventory management for systems with remanufacturing\u201d, Operations Research , Vol. 59 No. 2, pp. 514-521.","DOI":"10.1287\/opre.1100.0898"},{"key":"key2020122502210633100_frd1","doi-asserted-by":"crossref","unstructured":"Ahn, H.S. , G\u00fcm\u00fcs, M. and Kaminsky, P. (2007), \u201cPricing and manufacturing decisions when demand is a function of prices in multiple periods\u201d, Operations Research , Vol. 55 No. 6, pp. 1039-1057.","DOI":"10.1287\/opre.1070.0411"}],"container-title":["Industrial Management &amp; Data Systems"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/www.emeraldinsight.com\/doi\/full-xml\/10.1108\/IMDS-11-2014-0333","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/IMDS-11-2014-0333\/full\/xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/IMDS-11-2014-0333\/full\/html","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,7,24]],"date-time":"2025-07-24T21:53:59Z","timestamp":1753394039000},"score":1,"resource":{"primary":{"URL":"http:\/\/www.emerald.com\/imds\/article\/115\/3\/521-540\/187154"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2015,4,13]]},"references-count":32,"journal-issue":{"issue":"3","published-print":{"date-parts":[[2015,4,13]]}},"alternative-id":["10.1108\/IMDS-11-2014-0333"],"URL":"https:\/\/doi.org\/10.1108\/imds-11-2014-0333","relation":{},"ISSN":["0263-5577"],"issn-type":[{"value":"0263-5577","type":"print"}],"subject":[],"published":{"date-parts":[[2015,4,13]]}}}