Differential evolution algorithm for bundle pricing of remanufacturing products

To the best of our knowledge, no one has studied the pricing problem of remanufactured products.To cover this field, in this research the problem is formulated as a mixed-integer nonlinear programming model to maximize the revenue of a hybrid company that produces both new and remanufactured products, in a competitive environment with heterogeneous consumer segments. The model is solved by exact methods in GAMS software and DEA1 that is a metaheuristic method, and by the help of sensitivity analysis, reaction of total firm’s revenue to the population of segments,introduction cost for bundles and involving competitors is studied.

Keywords:

Bundle pricing , Remanufacturing , Reverse Supply chain , Mixed integer nonlinear programming , Differential evolution algorithm