Manufacturer's pricing strategy and return policy for a single-period commodity

Article Abstract:

Manufacturers' setting of prices for their products should consider the manufacturing cost, the demand for the product, as well as their own and their prospective customers' risk averseness. Risk averseness refers to people's unwillingness to lose expected profits from a certain product. Manufacturers' should also analyze the impact of their product return policies on their pricing. While it may seem a loss to the manufacturers if they allow their customers to return products, it actually redounds to their benefit as such a policy eliminates customers' risk averseness.

All Other Miscellaneous Manufacturing, Manufacturing industries, not elsewhere classified, Manufacturing Industries NEC, Customer Relations, Warranties, Warranty, Manufacturing industry, Manufacturing industries, Product quality, Finance, Customer satisfaction, Unit pricing

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Fuzziness in valuing financial instruments by certainty equivalents

Article Abstract:

A fuzzy framework for pricing a future uncertain amount is considered based on the utility theory of von Neumann and Morgenstern and the certainty equivalent approach.

Fuzzy logic, Fuzzy systems, Von Neumann algebras

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Price and delay competition between two service providers

Article Abstract:

Usage of Nash equilibrium to determine methods of optimal queueing and pricing for services provided by competing firms in a duopoly is described.

Australia, Israel, Commodity & service prices, Prices and rates, Customer service, Queuing theory, Support services, Company pricing policy, Econometric models, Product price

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