Mean-Life Indifference Pricing for Quantity Purchases
作者:
J.W. Foster,
B.L. Deuermeyer,
Tak-Chai Ip,
期刊:
IIE Transactions
(Taylor Available online 1983)
卷期:
Volume 15,
issue 2
页码: 150-155
ISSN:0740-817X
年代: 1983
DOI:10.1080/05695558308974626
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
Traditionally, consumers pay a fixed price for a quantity of items based on a presumed mean life. In many cases (i.e., federal government procurement) a sample of items is pretested to determine mean life and hence conformance to the contract. This paper suggests an alternative scheme based on a price indifference curve h(φ) which specifies the unit cost given mean life φ, which is estimated based on the actual performance of the firstritems that fail. The paper develops a specific form for the indifference function and a procedure for estimating both φ andh(φ) and presents an example.
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