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We investigate an automobile supply chain where a manufacturer and a retailer serve heterogeneous consumers with electric vehicles (EVs) under a government's price-discount incentive scheme that involves a price discount rate and a subsidy ceiling. We show that the subsidy ceiling is more e¤ective in in ‡uencing the optimal wholesale pricing decision of the(More)
We investigate an automobile supply chain where a manufacturer and a retailer serve a market with a fuel-e¢ cient automobile under a scrappage program by the government. The program awards a subsidy to each consumer who trades in his or her used automobile with a new fuel-e¢ cient automobile, if the manufacturer's suggested retail price (MSRP) for the new(More)
This paper develops a model of dynamic pricing when the consumers are heterogeneous in their valuation. In this model, there is a monopolist who sells a finite inventory over a finite time horizon. The seller adjusts prices dynamically in order to maximize the expected profit. Unlike the traditional research which states that the consumer make a purchasing(More)
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