Proceedings of the 1st International Conference on Business, Economics, Management Science (BEMS 2019)

Dynamic Pricing of Obsolete Mobile Phones for Online Recycling Platforms based on Optimal Control Theory

Authors
Xuemin Wang, Kai Liu
Corresponding Author
Xuemin Wang
Available Online May 2019.
DOI
https://doi.org/10.2991/bems-19.2019.59How to use a DOI?
Keywords
Online recycling platform, Optimal control theory, Dynamic pricing, Recycling willingness.
Abstract
Currently, the number of obsolete mobile phones are being generated in China. However, the obsolete mobile phones are not effectively recycled through online recycling platforms. According to consumers’ recycling willingness, this paper shows how the dynamic optimal control model was established. On the basis of this model, a pricing strategy was proposed, which set an optimal recycling price. The result shows that (1) the information leakage is the most crucial to pricing strategy; (2) consumers’ sensitivity to service level is the next. (3) environmental awareness will greatly promote consumers to recycle obsolete mobile phones voluntarily.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
1st International Conference on Business, Economics, Management Science (BEMS 2019)
Part of series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
978-94-6252-720-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/bems-19.2019.59How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Xuemin Wang
AU  - Kai Liu
PY  - 2019/05
DA  - 2019/05
TI  - Dynamic Pricing of Obsolete Mobile Phones for Online Recycling Platforms based on Optimal Control Theory
BT  - 1st International Conference on Business, Economics, Management Science (BEMS 2019)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/bems-19.2019.59
DO  - https://doi.org/10.2991/bems-19.2019.59
ID  - Wang2019/05
ER  -