A model to evaluate acquisition price and quantity of used products for remanufacturing
In this paper, an analytical model is proposed to evaluate optimal acquisition price and quantity policy based on the quality of returned used products that are subsequently used for remanufacturing. The model is developed from the perspective of a consolidation center, which facilitates the collect...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/104995 http://hdl.handle.net/10220/17019 http://dx.doi.org/10.1016/j.ijpe.2012.03.019 |
| _version_ | 1826118086193840128 |
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| author | Pokharel, Shaligram. Liang, Yijiong. |
| author2 | School of Mechanical and Aerospace Engineering |
| author_facet | School of Mechanical and Aerospace Engineering Pokharel, Shaligram. Liang, Yijiong. |
| author_sort | Pokharel, Shaligram. |
| collection | NTU |
| description | In this paper, an analytical model is proposed to evaluate optimal acquisition price and quantity policy based on the quality of returned used products that are subsequently used for remanufacturing. The model is developed from the perspective of a consolidation center, which facilitates the collection of used products in various collection centers by offering an acquisition price based on the quality of used products, receive all of the collected used products and consolidate them with replacement parts before sending the consignment to the remanufacturer. It is assumed that the consolidation center receives an order from the remanufacturer for a set quantity and an associated price for used products in a quality level. The consolidation center then evaluates optimal acquisition price and quantity policy for used products based on the available information on stochastic return quantity and quality, and the cost of predefined set of replacement parts. The policy so obtained is offered to the collection centers to initiate the collection of used products in their respective area of operation. The impact of the model is studied through a numerical study. The authors believe that the model developed here is the first such pricing model in a reverse logistics setting. |
| first_indexed | 2024-10-01T04:37:58Z |
| format | Journal Article |
| id | ntu-10356/104995 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T04:37:58Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | ntu-10356/1049952019-12-06T21:44:13Z A model to evaluate acquisition price and quantity of used products for remanufacturing Pokharel, Shaligram. Liang, Yijiong. School of Mechanical and Aerospace Engineering DRNTU::Social sciences::Economic theory In this paper, an analytical model is proposed to evaluate optimal acquisition price and quantity policy based on the quality of returned used products that are subsequently used for remanufacturing. The model is developed from the perspective of a consolidation center, which facilitates the collection of used products in various collection centers by offering an acquisition price based on the quality of used products, receive all of the collected used products and consolidate them with replacement parts before sending the consignment to the remanufacturer. It is assumed that the consolidation center receives an order from the remanufacturer for a set quantity and an associated price for used products in a quality level. The consolidation center then evaluates optimal acquisition price and quantity policy for used products based on the available information on stochastic return quantity and quality, and the cost of predefined set of replacement parts. The policy so obtained is offered to the collection centers to initiate the collection of used products in their respective area of operation. The impact of the model is studied through a numerical study. The authors believe that the model developed here is the first such pricing model in a reverse logistics setting. 2013-10-30T02:34:53Z 2019-12-06T21:44:13Z 2013-10-30T02:34:53Z 2019-12-06T21:44:13Z 2012 2012 Journal Article Pokharel, S., & Liang, Y. (2012). A model to evaluate acquisition price and quantity of used products for remanufacturing. International journal of production economics, 138(1), 170-176. 0925-5273 https://hdl.handle.net/10356/104995 http://hdl.handle.net/10220/17019 http://dx.doi.org/10.1016/j.ijpe.2012.03.019 en International journal of production economics |
| spellingShingle | DRNTU::Social sciences::Economic theory Pokharel, Shaligram. Liang, Yijiong. A model to evaluate acquisition price and quantity of used products for remanufacturing |
| title | A model to evaluate acquisition price and quantity of used products for remanufacturing |
| title_full | A model to evaluate acquisition price and quantity of used products for remanufacturing |
| title_fullStr | A model to evaluate acquisition price and quantity of used products for remanufacturing |
| title_full_unstemmed | A model to evaluate acquisition price and quantity of used products for remanufacturing |
| title_short | A model to evaluate acquisition price and quantity of used products for remanufacturing |
| title_sort | model to evaluate acquisition price and quantity of used products for remanufacturing |
| topic | DRNTU::Social sciences::Economic theory |
| url | https://hdl.handle.net/10356/104995 http://hdl.handle.net/10220/17019 http://dx.doi.org/10.1016/j.ijpe.2012.03.019 |
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