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Joint procurement and production decisions in remanufacturing under quality and demand uncertainty

Authors
Journal
International Journal of Production Economics
0925-5273
Publisher
Elsevier
Publication Date
Volume
120
Issue
1
Identifiers
DOI: 10.1016/j.ijpe.2008.07.032
Keywords
  • Remanufacturing
  • Random Yield
  • Procurement
  • Production

Abstract

Abstract In this paper, we address this issue of a hybrid system where both used and new parts can serve as inputs in the production process to satisfy an uncertain market demand. The yield of the used parts is random. A firm needs to make production and procurement decisions in the face of this uncertainty. Three different cases are presented depending on the amount of information the firm has about the yield rate. We determine the optimal procurement and production quantity for the firm. Results of extensive numerical analyses have been presented including sensitivity analyses on various problem parameters.

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