Dynamic Pricing and warranty Length optimization in product’ s life cycle (A Case study in SANAM Electronic Company)

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Afsahi Mohsen; Hosseinzadeh Kashan ali; OSTADI BAKHTIAR; Zegordi Hessamedin

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: MODERN RESEARCHES IN DECISION MAKING Year:2018 | Volume:3 | Issue:2 Page(s): 27-53

Download Full-Text

Persian Verion

View:

447

Download:

Cites:

Information Journal Paper

Title

Dynamic Pricing and warranty Length optimization in product’ s life cycle (A Case study in SANAM Electronic Company)

Author(s)

Afsahi Mohsen | Hosseinzadeh Kashan ali | OSTADI BAKHTIAR | Zegordi Hessamedin | Issue Writer Certificate

Keywords

warrantyQ1

dynamic pricingQ1

life cycleQ2

Particle Swarm OptimizationQ1

optics-inspired optimizationQ1

Abstract

warranty is an important element of new products’ marketing. It is obvious that longer warranty length has direct effect on product’ s demand, but it can increase manufacturer's costs. The problem of this paper is maximizing the profit of the manufacturer, which consists of a set of revenue and cost elements. Although, most of researches in warranty area just examine the decisions for under-warranty products, in this research we proposed a model considering the role of both under-and out-of-warranty products on manufacturer’ s profit. For this, we propose a model for calculating the number of under-warranty and out-of-warranty failures in each spare part production period. The demand itself is dependent upon the time, sales price, and length of warranty. Sales price and warranty length are, respectively, inversely and directly proportional to the market demand. Therefore, the simultaneous decision about sales price and length of warranty is of considerable significance in order to maximize the profit. We solve the problem with the Particle Swarm Optimization and Optics Inspired Optimization algorithms. Through a systematic analysis and comparison, some interesting and valuable managerial insights are derived which are applicable for companies such as SANAM Electronic Company for which we test our proposed model.

Cites

No record.

References

No record.

Cite

APA: Copy

Afsahi, Mohsen, Hosseinzadeh Kashan, ali, OSTADI, BAKHTIAR, & Zegordi, Hessamedin. (2018). Dynamic Pricing and warranty Length optimization in product’ s life cycle (A Case study in SANAM Electronic Company). MODERN RESEARCHES IN DECISION MAKING, 3(2 ), 27-53. SID. https://sid.ir/paper/369377/en

Vancouver: Copy

Afsahi Mohsen, Hosseinzadeh Kashan ali, OSTADI BAKHTIAR, Zegordi Hessamedin. Dynamic Pricing and warranty Length optimization in product’ s life cycle (A Case study in SANAM Electronic Company). MODERN RESEARCHES IN DECISION MAKING[Internet]. 2018;3(2 ):27-53. Available from: https://sid.ir/paper/369377/en

IEEE: Copy

Mohsen Afsahi, ali Hosseinzadeh Kashan, BAKHTIAR OSTADI, and Hessamedin Zegordi, “Dynamic Pricing and warranty Length optimization in product’ s life cycle (A Case study in SANAM Electronic Company),” MODERN RESEARCHES IN DECISION MAKING, vol. 3, no. 2 , pp. 27–53, 2018, [Online]. Available: https://sid.ir/paper/369377/en

Related Journal Papers