Jonas C. P. Yu

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In this study, we develop a pricing policy for reuse items that return with receiving an incentive subsidy. The probability of selling is assumed to be a decreasing function of price and availability; thus, not all units are sold. Due to the complexity of the non-linear problem, the Karush-Kuhn-Tucker (KKT) conditions are applied to determine the optimal(More)
In Moon and Lee's model (2000), they developed a finite planning horizon economic order quantity (EOQ) model with time value of money and inflation. This paper extends Moon and Lee's model to examine a production system with a random life cycle. Two conditions are discussed: the first is when the product life cycle ends in the production stage and the(More)
In this study, we develop a collaborative inventory system consisting of one supplier and one buyer. The objective is to maximize the total profit of the whole system when shortage caused by the imperfect quality can be completely backordered. To ensure mutual benefits to every player, a negotiation mechanism is incorporated to share the profit between both(More)