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All products eventually reach a point in their life cycle where they should be eliminated from the product line but this decision is generally ignored by management for several reasons. However, current developments in new manufacturing technology will force management to implement strategies for eliminating a product at an appropriate time in its life cycle. A model is presented based on the Theory of Shock Models which could help management decide when to terminate a product.
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Yash P. Gupta (1987) studied this question.
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