Price and service competition with maintenance service bundling

In many equipment manufacturing industries, firms compete with each other not only on products price, but also on maintenance service. More and more traditional products oriented firms are offering their customers products bundled with maintenance service (P&S bundles). In this study, we examine...

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Main Authors: Wang, Yi, Sun, Linyan, Qu, Rong, Li, Gang
Format: Article
Published: Springer 2015
Subjects:
Online Access:https://eprints.nottingham.ac.uk/31075/
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author Wang, Yi
Sun, Linyan
Qu, Rong
Li, Gang
author_facet Wang, Yi
Sun, Linyan
Qu, Rong
Li, Gang
author_sort Wang, Yi
building Nottingham Research Data Repository
collection Online Access
description In many equipment manufacturing industries, firms compete with each other not only on products price, but also on maintenance service. More and more traditional products oriented firms are offering their customers products bundled with maintenance service (P&S bundles). In this study, we examine firms’ incentive to offer customers products bundling with long-term maintenance or repair support service in a duopoly competitive environment. When providing P&S bundles, a firm need to determine the service level (in terms of average response time guarantee for the service in this paper) to offer and needs to build a service facility to handle the maintenance service requirements. Based on the analysis of three sub-game models, we characterize the market conditions in which only one firm, both firms or neither firm will offer P&S bundles. Finally, we analyze the affects of several market factors on firms’ strategy choices.
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spelling nottingham-310752020-05-04T17:07:39Z https://eprints.nottingham.ac.uk/31075/ Price and service competition with maintenance service bundling Wang, Yi Sun, Linyan Qu, Rong Li, Gang In many equipment manufacturing industries, firms compete with each other not only on products price, but also on maintenance service. More and more traditional products oriented firms are offering their customers products bundled with maintenance service (P&S bundles). In this study, we examine firms’ incentive to offer customers products bundling with long-term maintenance or repair support service in a duopoly competitive environment. When providing P&S bundles, a firm need to determine the service level (in terms of average response time guarantee for the service in this paper) to offer and needs to build a service facility to handle the maintenance service requirements. Based on the analysis of three sub-game models, we characterize the market conditions in which only one firm, both firms or neither firm will offer P&S bundles. Finally, we analyze the affects of several market factors on firms’ strategy choices. Springer 2015-06-01 Article PeerReviewed Wang, Yi, Sun, Linyan, Qu, Rong and Li, Gang (2015) Price and service competition with maintenance service bundling. Journal of Systems Science and Systems Engineering, 24 (2). pp. 168-189. ISSN 1861-9576 Service Competition Queues Products and service bundles Product differentiation http://link.springer.com/article/10.1007/s11518-015-5267-z doi:10.1007/s11518-015-5267-z doi:10.1007/s11518-015-5267-z
spellingShingle Service Competition
Queues
Products and service bundles
Product differentiation
Wang, Yi
Sun, Linyan
Qu, Rong
Li, Gang
Price and service competition with maintenance service bundling
title Price and service competition with maintenance service bundling
title_full Price and service competition with maintenance service bundling
title_fullStr Price and service competition with maintenance service bundling
title_full_unstemmed Price and service competition with maintenance service bundling
title_short Price and service competition with maintenance service bundling
title_sort price and service competition with maintenance service bundling
topic Service Competition
Queues
Products and service bundles
Product differentiation
url https://eprints.nottingham.ac.uk/31075/
https://eprints.nottingham.ac.uk/31075/
https://eprints.nottingham.ac.uk/31075/