Optimal replenishment policies for the case of a demand function with product-life-cycle shape in a finite planning horizon

2007 ◽  
Vol 32 (1) ◽  
pp. 65-76 ◽  
Author(s):  
Cheng-Kang Chen ◽  
Chechen Liao ◽  
Tzu-Chun Weng
Author(s):  
Ardeshir Raihanian Mashhadi ◽  
Sara Behdad ◽  
Jun Zhuang

The profitability of Electronic waste (e-waste) recovery operations is quite challenging due to various sources of uncertainties in quantity, quality and timing of returns originating from consumers’ behavior. The cloud-based remanufacturing concept, data collection and information tracking technologies seems a promising solution toward proper collection and recovery of product life cycle data under uncertainty. A comprehensive model that takes every aspect of recovery systems into account will help policy makers perform better decisions over a planning horizon. The objective of this study is to develop an Agent Based Simulation (ABS) framework to model the overall product take-back and recovery system based on the product identity data available through cloud-based remanufacturing infrastructure. Socio-demographic properties of the consumers, attributes of the take-back programs, specific characteristics of the recovery process and product life cycle information have been considered to capture the optimum buyback price proposed for a product with the aim of controlling the timing and quality of incoming used products to collection sites for recovery. A numerical example of an electronic product take-back system and a simulation-based optimization are provided to illustrate the application of the model.


2010 ◽  
Vol 27 (04) ◽  
pp. 437-456 ◽  
Author(s):  
JONAS C. P. YU ◽  
HUI-MING WEE ◽  
GEDE A. WIDYADANA ◽  
JER-YUAN CHANG

In Moon and Lee's model (2000), they developed a finite planning horizon economic order quantity (EOQ) model with time value of money and inflation. This paper extends Moon and Lee's model to examine a production system with a random life cycle. Two conditions are discussed: the first is when the product life cycle ends in the production stage and the second is when the product life cycle ends in the non-production stage. We develop an algorithm to derive the optimal period time and expected total cost. Numerical examples and sensitivity analyses are given to validate the results of the production model.


Author(s):  
Ardeshir Raihanian Mashhadi ◽  
Sara Behdad ◽  
Jun Zhuang

The profitability of electronic waste (e-waste) recovery operations is quite challenging due to various sources of uncertainties in the quantity, quality, and timing of returns originating from consumers' behavior. The cloud-based remanufacturing concept, data collection, and information tracking technologies seem promising solutions toward the proper collection and recovery of product life cycle data under uncertainty. A comprehensive model that takes every aspect of recovery systems into account will help policy makers perform better decisions over a planning horizon. The objective of this study is to develop an agent based simulation (ABS) framework to model the overall product take-back and recovery system based on the product identity data available through cloud-based remanufacturing infrastructure. Sociodemographic properties of the consumers, attributes of the take-back programs, specific characteristics of the recovery process, and product life cycle information have all been considered to capture the optimum buy-back price (bbp) proposed for a product with the aim of controlling the timing and quality of incoming used products to collection sites for recovery. A numerical example of an electronic product take-back system and a simulation-based optimization are provided to illustrate the application of the model.


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