Price setting for green design

Price setting for green design

Although much has been said about promoting industrial ecology, little has been done to specify how to incorporate the broad goals of promoting environmental friendliness into a model of profit maximizing behavior for the firm. We outline such a model for products that can be repaired, remanufacture...

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Bibliographic Details
Published in:Proceedings of the 1995 IEEE International Symposium on Electronics and the Environment ISEE (Cat. No.95CH35718) pp. 304 - 309
Main Authors: Matthews, H.S., Lave, L.B.
Format: Conference Proceeding
Language:English
Published: IEEE 1995
Subjects:
Animals
Assembly
Biological system modeling
Costs
Environmental factors
Green products
Guidelines
Manufacturing
Marketing and sales
Recycling
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Summary:Although much has been said about promoting industrial ecology, little has been done to specify how to incorporate the broad goals of promoting environmental friendliness into a model of profit maximizing behavior for the firm. We outline such a model for products that can be repaired, remanufactured, or recycled. One way to promote optimal product use is to set a price that declines each time the product is reused. Another is a deposit fee that declines with each use. This simple model encourages the firm to find if products as reusable, remanufacturable, or recyclable and focuses on interactions between the firm and the consumer.
ISBN:9780780321373
0780321375
DOI:10.1109/ISEE.1995.514995