Document Zbl 1549.91058

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Price and service decisions for electric vehicle manufacturers.</strong> <i>(English)</i> <a class="label nowrap" href="/1549.91058">Zbl 1549.91058</a> </h2> <div class="source"> <a href="/serials/3293" title="Journal Profile">J. Ind. Manag. Optim.</a> <a href="/?q=in%3A508013" title="Articles in this Issue">20, No. 3, 1090-1113 (2024)</a>. </div> <div class="abstract">Summary: Innovative business models are emerging to promote the popularization of electric vehicles. This study investigates a firm’s service innovation strategy and the choice between sales and rental business models in the presence of consumer behavioral preferences and service innovation subsidies within a given supply chain. The optimal price and service quality decisions are unique and determined by a profit-maximization model. We find that when customers have an obvious preference for high quality service or a relatively low preference for traditional sales model, the firm will profitably invest in service innovation. The firm will choose the rental model and offer a higher level of service rather than the sales model when the customer preference for traditional sales is relatively low or customers are more constrained by the initial purchase price. We also examine the efficiency of service innovation subsidy policy and find that service innovation subsidy will promote the adoption of electric vehicles and improve service quality. Our analysis also suggests that policy makers should set the appropriate service innovation subsidy rather than the higher the better.</div> <div class="clear"></div> <div class="classification"> <h3>MSC:</h3> <table><tr> <td> <a class="mono" href="/classification/?q=cc%3A91B24" title="MSC2020">91B24</a> </td> <td class="space"> Microeconomic theory (price theory and economic markets) </td> </tr><tr> <td> <a class="mono" href="/classification/?q=cc%3A91B54" title="MSC2020">91B54</a> </td> <td class="space"> Special types of economic markets (including Cournot, Bertrand) </td> </tr></table> </div><div class="keywords"> <h3>Keywords:</h3><a href="/?q=ut%3Aprice+decisions">price decisions</a>; <a href="/?q=ut%3Abusiness+model">business model</a>; <a href="/?q=ut%3Aservice+innovation">service innovation</a>; <a href="/?q=ut%3Agovernment+subsidy">government subsidy</a>; <a href="/?q=ut%3Acustomer+preference">customer preference</a></div>  <div class="modal fade" id="metadataModal" tabindex="-1" role="dialog" aria-labelledby="myModalLabel"> <div class="modal-dialog" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">Cite</h4> </div> <div class="modal-body"> <div class="form-group"> <label for="select-output" class="control-label">Format</label> <select id="select-output" class="form-control" aria-label="Select Metadata format"></select> </div> <div class="form-group"> <label for="metadataText" class="control-label">Result</label> <textarea class="form-control" id="metadataText" rows="10" style="min-width: 100%;max-width: 100%"></textarea> </div> <div id="metadata-alert" class="alert alert-danger" role="alert" style="display: none;">  </div> </div> <div class="modal-footer"> <button type="button" class="btn btn-primary" onclick="copyMetadata()">Copy to clipboard</button> <button type="button" class="btn btn-default" data-dismiss="modal">Close</button> </div> </div> </div> </div> <div class="functions clearfix"> <div class="function">  <a type="button" class="btn btn-default btn-xs pdf" data-toggle="modal" data-target="#metadataModal" data-itemtype="Zbl" data-itemname="Zbl 1549.91058" data-ciurl="/ci/07799958" data-biburl="/bibtex/07799958.bib" data-amsurl="/amsrefs/07799958.bib" data-xmlurl="/xml/07799958.xml" > Cite </a> <a class="btn btn-default btn-xs pdf" data-container="body" type="button" href="/pdf/07799958.pdf" title="Zbl 1549.91058 as PDF">Review PDF</a> </div> <div class="fulltexts"> <span class="fulltext">Full Text:</span> <a class="btn btn-default btn-xs" type="button" href="https://doi.org/10.3934/jimo.2023116" aria-label="DOI for “Sales or rentals? Price and service decisions for electric vehicle manufacturers”" title="10.3934/jimo.2023116">DOI</a> </div> <div class="sfx" style="float: right;"> </div> </div> <div class="references"> <h3>References:</h3> <table><tr> <td>[1]</td> <td class="space">V. J. A. Z. Abhishek Guajardo Zhang, Business models in the sharing economy: Manufacturing durable goods in the presence of peer-to-peer rental markets, Information Systems Research, 32, 1450-1469 (2021) · <a href="https://doi.org/10.1287/isre.2021.1034" class="nowrap">doi:10.1287/isre.2021.1034</a></td> </tr><tr> <td>[2]</td> <td class="space">V. V. A. S. Agrawal Atasu Ülkü, Leasing, modularity, and the circular economy, Management Science, 67, 6782-6802 (2021) · <a href="https://doi.org/10.1287/mnsc.2020.3829" class="nowrap">doi:10.1287/mnsc.2020.3829</a></td> </tr><tr> <td>[3]</td> <td class="space">V. V. I. 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