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1 – 3 of 3Xigang Yuan, Zujun Ma and Xiaoqing Zhang
This paper investigates the dynamic pricing strategy of a firm for the successive-generation products under the conditions of the limited trade-in duration and strategic…
Abstract
Purpose
This paper investigates the dynamic pricing strategy of a firm for the successive-generation products under the conditions of the limited trade-in duration and strategic customers. Further, it explores the effect of a limited trade-in duration on the choice of the myopic and strategic customers, besides the optimal dynamic pricing and trade-in strategy of the firm.
Design/methodology/approach
Based on the choice behavior of the myopic and strategic customers, the authors have developed a two-period game-theoretic analytical model to decide the optimal retail prices of the successive-generation products and the optimal trade-in rebate when the firm adopts a dynamic pricing strategy and then investigate three extensions of the basic model to discuss the change in the results owing to the relaxation of certain conditions.
Findings
The authors find from the results that, in terms of profit maximization, it is better to extend the limited trade-in duration, and hence, the firm should implement a dynamic pricing strategy. However, in the situation of using a static pricing strategy, the firm should extend the limited trade-in duration only if the incremental value of the new generation products is below a certain threshold. Moreover, the firm should use a dual rollover strategy instead of a single rollover one. If all customers in the market are myopic, then the firm should also extend the limited trade-in duration.
Research limitations/implications
This study mainly discusses the impact of limited trade-in duration on the firm's dynamic pricing strategy when facing strategic customers, which provides several directions for future research. First, if the government offers subsidies to consumers, how will strategic consumers make purchase decisions? How would the enterprise make its pricing decision? Second, when asymmetric information exists between consumers and firms, how will it affect consumers' choice behavior and firms' pricing decisions? All these issues are worth exploring in the future.
Practical implications
These results offer certain managerial insights for the firm in the decision making on pricing within the trade-in program.
Originality/value
This is the first work to study the dynamic pricing strategy of the firm for the successive-generation products under the conditions of the limited trade-in duration and strategic customers. Further, this work discusses the changes in results owing to the relaxation of certain conditions.
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Keywords
Xiaoqing Zhang, Genliang Xiong, Peng Yin, Yanfeng Gao and Yan Feng
To ensure the motion attitude and stable contact force of massage robot working on unknown human tissue environment, this study aims to propose a robotic system for autonomous…
Abstract
Purpose
To ensure the motion attitude and stable contact force of massage robot working on unknown human tissue environment, this study aims to propose a robotic system for autonomous massage path planning and stable interaction control.
Design/methodology/approach
First, back region extraction and acupoint recognition based on deep learning is proposed, which provides a basis for determining the working area and path points of the robot. Second, to realize the standard approach and movement trajectory of the expert massage, 3D reconstruction and path planning of the massage area are performed, and normal vectors are calculated to control the normal orientation of robot-end. Finally, to cope with the soft and hard changes of human tissue state and body movement, an adaptive force tracking control strategy is presented to compensate the uncertainty of environmental position and tissue hardness online.
Findings
Improved network model can accomplish the acupoint recognition task with a large accuracy and integrate the point cloud to generate massage trajectories adapted to the shape of the human body. Experimental results show that the adaptive force tracking control can obtain a relatively smooth force, and the error is basically within ± 0.2 N during the online experiment.
Originality/value
This paper incorporates deep learning, 3D reconstruction and impedance control, the robot can understand the shape features of the massage area and adapt its planning massage path to carry out a stable and safe force tracking control during dynamic robot–human contact.
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Ying-Jie Guan and Yong-Ping Li
To solve the shortcomings of existed search and rescue drones, search and rescue the trapped people trapped in earthquake ruins, underwater and avalanches quickly and accurately…
Abstract
Purpose
To solve the shortcomings of existed search and rescue drones, search and rescue the trapped people trapped in earthquake ruins, underwater and avalanches quickly and accurately, this paper aims to propose a four-axis eight-rotor rescue unmanned aerial vehicle (UAV) which can carry a radar life detector. As the design of propeller is the key to the design of UAV, this paper mainly designs the propeller of the UAV at the present stage.
Design/methodology/approach
Based on the actual working conditions of UAVs, this paper preliminarily estimated the load of UAVs and the diameters of propellers and designed the main parameters of propellers according to the leaf element theory and momentum theory. Based on the low Reynolds number airfoil, this paper selected the airfoil with high lift drag ratio from the commonly used low Reynolds number airfoils. The chord length and twist angle of propeller blades were calculated according to the Wilson method and the maximum wind energy utilization coefficient and were optimized by the Asymptotic exponential function. The aerodynamic characteristics of the designed single propeller and coaxial propeller under different installation pitch angles and different installation distances were analyzed.
Findings
The results showed that the design of coaxial twin propellers can increase the load capacity by about 1.5 times without increasing the propeller diameter. When the installation distance between the two propellers was 8 cm and the tilt angle was 15° counterclockwise, the aerodynamic characteristics of the coaxial propeller were optimal.
Originality/value
The novelty of this work came from the conceptual design of the new rescue UAV and its numerical optimization using the Wilson method combined with the maximum wind energy utilization factor and the exponential function. The aerodynamic characteristics of the common shaft propeller were analyzed under different mounting angles and different mounting distances.
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