Assessing the benefits of remanufacturing option under one-way substitution

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2005-03-01

Author

Bayındır, Zeynep Pelin
Gullu, R

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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In this study, we consider a segmented market for a product that can either be manufactured or remanufactured. It is assumed that the remanufactured products can be substituted by the new ones. A steady-state profit model is constructed under certain environmental assumptions on capacity requirements of operations, and revenue and cost schemes. Exact steady-state probabilities of the Markovian model constructed are solved via matrix geometric techniques. An extensive computational study is performed to investigate the conditions under which the utilization of remanufacturing option and the use of one-way substitution policy increase the average expected profit.

Subject Keywords

Marketing, Management Science and Operations Research, Strategy and Management, Management Information Systems

URI

https://hdl.handle.net/11511/46784

Journal

JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY

DOI

https://doi.org/10.1057/palgrave.jors.2601799

Collections

Department of Industrial Engineering, Article

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Citation Formats

Z. P. Bayındır and R. Gullu, “Assessing the benefits of remanufacturing option under one-way substitution,” JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, pp. 286–296, 2005, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/46784.