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)