Broader product line: a necessity to achieve success?
Management Science
Communication and Uncertainty in Concurrent Engineering
Management Science
Multi-Objective Optimization Using Evolutionary Algorithms
Multi-Objective Optimization Using Evolutionary Algorithms
Competitive Pricing Behavior in the Auto Market: A Structural Analysis
Marketing Science
Product Development Decisions: A Review of the Literature
Management Science
Product Customization and Price Competition on the Internet
Management Science
New Product Introduction: Timing, Design, and Pricing
Manufacturing & Service Operations Management
Reasoning About Competitive Reactions: Evidence from Executives
Marketing Science
Complex Adaptive Systems: An Introduction to Computational Models of Social Life (Princeton Studies in Complexity)
New Product Development Under Channel Acceptance
Marketing Science
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We examine, in a strategic setting, the broad issue of how retail channel structures---retail monopoly versus retail duopoly---impact a manufacturer's optimal new product design, both in terms of engineering design specifications as well as manufacturer and retailer profits. Our strategic framework enables manufacturers in specific contexts to anticipate the reactions of the retailers and competitive manufacturers to new designs in terms of the retail and wholesale pricing and to understand how different channel structures and channel strategies (such as an exclusive channel strategy) impact the engineering design of the new product, conditional on consumer preference distributions and competitor product attributes. Based on a simple numerical and a power tool design example, we illustrate how the insight from the framework translates to design guidelines; specifically, understanding which designs are optimal under differing channel structure conditions, and which design variables need precise targeting given their profit sensitivity. This paper was accepted by Christoph Loch, R&D and product development.