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

DOI10.1016/J.EJOR.2020.05.012MaRDI QIDQ2189933zbMATH OpenOpenAlexFDO

Authors Xiujie Zhao, Bin Liu, Xiaolin Wang

Publication date 17 June 2020

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2020.05.012

zbMATH Keywords

extended warrantymultinomial logit modelpricingwarranty menu

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Marketing, advertising (90B60) Consumer behavior, demand theory (91B42)

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Cites work

• A customized two-dimensional extended warranty with preventive maintenance
• A failure process model with the exponential smoothing of intensity functions
• A flexible extended warranty and related optimal strategies
• A review of choice-based revenue management: theory and methods
• An extended warrantly policy with options open to consumers
• An unpunctual preventive maintenance policy under two-dimensional warranty
• Decentralization versus coordination in competing supply chains under retailers' extended warranties
• Designing and pricing menus of extended warranty contracts
• Discovering heterogeneous consumer groups from sales transaction data
• Extended warranties, maintenance service and lease contracts. Modeling and analysis for decision-making
• How does a retailer's service plan affect a manufacturer's warranty?
• On pricing of multiple bundles of products and services
• Optimal extended warranty strategy: offering trade-in service or not?
• Optimal pricing and composition of multiple bundles: a two-step approach
• Pricing a motor extended warranty with limited usage cover
• Quality coordination with extended warranty for store-brand products
• Revenue Management Under a General Discrete Choice Model of Consumer Behavior
• The effect of product misperception on economic outcomes: evidence from the extended warranty market

Cited in

(15)

• Optimal bundle composition in competition for continuous attributes
• A finite-horizon condition-based maintenance policy for a two-unit system with dependent degradation processes
• Stable allocations for choice-based collaborative price setting
• Extended warranty pricing considering the time of money
• A flexible extended warranty and related optimal strategies
• Designing and pricing menus of extended warranty contracts
• Optimal pricing of online products based on customer anchoring‐adjustment psychology
• Generalized non-renewing replacement warranty policy and an age-based post-warranty maintenance strategy
• A tractable online learning algorithm for the multinomial logit contextual bandit
• Design and pricing of extended warranty menus with reference effects
• Extended warranty pricing in a competitive aftermarket under logit demand
• Optimal pricing and warranty strategies of a closed-loop supply chain under government subsidies
• Fifty years of maintenance optimization: reflections and perspectives
• Green innovation in logistics service supply chain: the impacts of relationship strength and overconfidence
• Optimal warranty policy with repair time threshold under repair-replacement warranty considering the expected total profit

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