Successful New Product Pricing Practices: A Contingency Approach

Robust New Product Pricing

We study the pricing decision for a monopolist launching a new innovation. At the time of launch, we assume that the monopolist has incomplete information about the true demand curve. Despite the lack of objective information the firm must set a retail price to maximize total profits. To model this environment, we develop a novel two-period non-Bayesian framework, where the monopolist sets the ...

A framework for successful new product development

Purpose: The purpose of this paper is to propose a framework of critical success factors, metrics, and tools and techniques for implementing metrics for each stage of the new product development (NPD) process. Design/methodology/approach: To achieve this objective, a literature review was undertaken to investigate decades of studies on NPD success and how it can be achieved. These studies were ...

A new heuristic approach to solve product mix problems in a multi-bottleneck system

Product mix problem (PMP) is one of the most important and complicated problems in production systems. Different approaches have been applied to solve this problem, among them, theory of constraints (TOC) has been widely considered since 1990s. This paper develops a distinguished algorithm to solve product mix prob-lems that is efficient both in single and multi-bottleneck problems. At first, t...

A New Approach to International Arbitrage Pricing

This paper uses a nonlinear arbitrage pricing model, a conditional linear model, and an unconditional linear model to price international equities, bonds, and forward currency contracts. Unlike linear models, the nonlinear arbitrage pricing model requires no restrictions on the payoff space, allowing it to price payoffs of options, forward contracts and other derivative securities. Only the non...

A new approach to wholesale access pricing