Design and pricing of extended warranty menus based on the multinomial logit choice model

Wang, Xiaolin; Zhao, Xiujie; Liu, Bin

doi:10.1016/j.ejor.2020.05.012

Cited by 58 publications

(19 citation statements)

References 48 publications

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“…Bian et al [2] studied the impact of traditional and new extended warranty strategies on the benefits of supply chain, and worked out the best pricing strategy. Wang et al [47] designed the optimal extended warranty period and extended warranty price from the perspective of product failure rate. Wang et al [48] studied the decision-making and coordination of e-commerce supply chain that are dominated by e-commerce platforms and provide extended warranty services.…”

Section: Extended Warranty Servicementioning

confidence: 99%

Decision and coordination analysis of extended warranty service in a remanufacturing closed-loop supply chain with dual price sensitivity under different channel power structures

et al. 2022

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This paper studies the impact of dual price sensitivity (product price sensitivity and extended warranty service price sensitivity) on the decision of the closed-loop supply chain(CLSC) where manufacturers are responsible for recycling and providing extended warranty service under different channel power structures. First, the dynamic game model is used to describe the three channel power structure models of centralized (C), Manufacturer-led Stackelberg (MS), and Retailer-led Stackelberg (RS); then mathematical optimization and reverse induction are used to derive supply chain decision-making and performance levels. On this basis, we further designed a contract to coordinate the supply chain, and use numerical examples to analyze and verify the impact of remanufacturing cost savings and dual price sensitivity on the supply chain system. Research shows that channel power structures, remanufacturing cost savings and dual price sensitivity all have an important impact on the supply chain and corporate profits.

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Section: Extended Warranty Servicementioning

confidence: 99%

Decision and coordination analysis of extended warranty service in a remanufacturing closed-loop supply chain with dual price sensitivity under different channel power structures

et al. 2022

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“…Regresi logistik multinomial digunakan untuk memeriksa hubungan antara variabel terikat yang berupa data kualitatif dengan variabel bebas yang terdiri dari data kualitatif dan kuantitatif. Regresi logis-tik multinomial melibatkan variabel terikat yang mempunyai kategori lebih dari dua dengan variabel bebas kategorik dan atau kontinu (Wang et al, 2020). Suatu variabel terikat j kategori akan membentuk persamaan logit j-1 dimana masing-masing persamaan ini membentuk regresi logistik biner yang membandingkan suatu kategori terhadap kategori acuannya.…”

Section: Metode Penelitianunclassified

Peran Perempuan Dalam Meningkatkan Ketahanan Pangan Rumah Tangga Di Provinsi Nusa Tenggara Barat

Pujilestari

Haryanto²

2020

Mediatrend

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Food security at the national or regional level does not ensure food security at the household level. The study aim to analyze the influence of economic, demographic and social characteristics including the level of mother's education, mother's age, mother's occupation, access to the internet, household size, residential area, and household expenditure on the food security household level at NTB Province. Based on the data of The National Socioeconomic Survey (SUSENAS) March 2018 from Statistics Indonesia (BPS), this study is conducted by using multinomial logistic regression method to archieve the objective. The results show that the level of mother's education, mother's age, access to the internet, household size and household expenditure have significant effect to the food security household level at NTB province.

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“…In calculating the sharing rate of different transportation modes P n , the most mature method recognized by academia is the multinomial logit model, which is introduced in this paper. Multinomial logit models have been widely used in various industries and have achieved remarkable success [32][33][34][35]. As a mode choice model, the application of the multinomial logit model in the field of transportation is numerous [36][37][38].…”

Section: Defining Decision Variablesmentioning

confidence: 99%

Research on the Coordination Model of Passenger Transportation Mode in the Intercity Comprehensive Transportation Corridor

Liao

2022

Mathematical Problems in Engineering

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At present, the study of comprehensive transportation corridors primarily focuses on the planning and construction of transportation corridors. There are few studies on the coordinated operation of all modes of transportation after the construction of the transportation corridor is completed. Comprehensive transportation corridor takes on the characteristics that the volume of transport demand and supply is large, the number of transportation modes is not only one, and competition among different transportation modes is fierce. In order to prevent unhealthy competition among different transportation modes from disrupting the transportation market, this paper takes the passenger transportation modes within the intercity comprehensive transportation corridor as the studied object and establishes a coordination model for them. The model introduces the disaggregate model as the research theory, takes the quantizable attributes of transportation modes as the decision variables, takes the reasonable distribution of passenger flow among different transportation modes as the objective function, and takes the supply capacity of different transportation modes and the reasonable value range of decision variables as the constraints. This model is a multiobjective nonlinear programming problem. The multiobjective genetic algorithm is designed to solve the model. The real number encoding method is adopted to encode the decision variables; the penalty function method is used to eliminate the solutions that do not meet the nonlinear constraints after crossover and mutation; the repairment algorithm is used to convert the solutions that do not satisfy the linear constraints and bound constraints after crossover and mutation into the feasible region. Pareto optimal solution set is obtained through continuous selection, crossover, and mutation. Finally, a numeric example is made to demonstrate that the method proposed in this paper is effective and feasible.

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Design and pricing of extended warranty menus based on the multinomial logit choice model

Cited by 58 publications

References 48 publications

Decision and coordination analysis of extended warranty service in a remanufacturing closed-loop supply chain with dual price sensitivity under different channel power structures

Decision and coordination analysis of extended warranty service in a remanufacturing closed-loop supply chain with dual price sensitivity under different channel power structures

Peran Perempuan Dalam Meningkatkan Ketahanan Pangan Rumah Tangga Di Provinsi Nusa Tenggara Barat

Research on the Coordination Model of Passenger Transportation Mode in the Intercity Comprehensive Transportation Corridor

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