Download or read book Competitive Quality Choice and Remanufacturing written by Adem Orsdemir and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider an original equipment manufacturer (OEM) who faces competition from an independent remanufacturer(IR). The OEM decides the quality of the new product, which also determines the quality of the competing remanufactured product. The OEM and the IR then competitively determine their production quantities. We explicitly characterize how the OEM competes with the IR in equilibrium. Specifically, we show that the OEM relies more on quality as a strategic lever when it has a stronger competitive position (determined by the relative cost and value of new and remanufactured products), and in contrast it relies more heavily on limiting quantity of cores when it has a weaker competitive position. The IR's entry threat as well as its successful entry can decrease the consumer surplus. Furthermore, our results illustrate that ignoring the competition or the OEM's quality choice leads to overestimating benefits of remanufacturing for consumer and social welfare. In addition, we show an IR with either a sufficiently weak competitive position (so the OEM deters entry) or a sufficiently strong one (so the OEM is forced to limit quantity of cores) is desirable for reducing the environmental impact. Comparing our results with the benchmark in which the OEM remanufactures suggests that encouraging IRs to remanufacture in lieu of the OEMs may not benefit the environment. Furthermore, the benchmark illustrates that making remanufacturing more attractive improves the environmental impact when the remanufacturer is the OEM, while worsening it when remanufacturing is done by the IR.
Download or read book When should an Original Equipment Manufacturer OEM remanufacture written by Julia Berhard and published by GRIN Verlag. This book was released on 2015-11-11 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2015 in the subject Business economics - Supply, Production, Logistics, grade: 7,5, Erasmus University Rotterdam (Rotterdam School of Management), course: Supply Chain Management, language: English, abstract: An increasing rate of return, raw material prices and carbon emissions urge companies to look for sustainable solutions. The value of returned products can be recaptured through closed-loop supply chain activities and in particular through reconditioning, of which remanufacturing is one option that retains a high value. The definition must be clear, however, as the term is not yet common. This recovery type ensures that a restored product fulfils an equivalent or even superior function than the original product. Furthermore, it receives the same warranty as a new product and secures profits while minimizing the environmental impact. When a company decides whether remanufacturing is a viable option, several factors have to be considered. Therefore, the aim of this thesis was to provide guidance for the remanufacturing decision, while bridging the gap between research and practice. An extensive literature review provided general remanufacturing benefits and issues, as well as a selection of the most important influencing characteristics. Subsequently, hypotheses were formulated per characteristic category, which were product, internal and external, and tested via surveys and statistically. The analysis yielded that a product should be highly modular, have a long product life cycle and a residual value. The internal processes require sufficient return quantities as a starting point, low processing costs compared to the original production and the processing time has to be weighed against other benefits. In addition, a market demand has to be established and the cannibalization effect should be taken into account. Finally, a positive perception of remanufactured products and sufficient market channels to commercialize them are favourable for remanufacturing. Using the survey means of the influencing characteristics a ranking was created, irrespective of the signs, but with regard to the strength. The top five are processing costs, residual value, customer perception, product life cycle and processing time. These rankings are slightly different depending on the industry. Lastly, interviews with experts further supplemented the analysis and a managerial framework was created to provide guidance for the remanufacturing decision process.
Download or read book Closed Loop Supply Chains written by Mark E. Ferguson and published by CRC Press. This book was released on 2010-04-21 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Closed-loop supply chain activities such as remanufacturing, recycling, dismantling for spare parts, and reverse logistics have helped many companies tap into new revenue streams by finding secondary markets for their products, all while reducing their overall carbon footprint. Written by academic experts, in language that is accessible to practitioners, this authoritative resource examines recent research and case studies of companies running profitable reuse/remanufacture operations in various industries. It illustrates profitable practices in returned and recovered products, clearly explaining how to: design a reverse logistics network, conduct production planning, implement effective marketing strategies, and apply closed-loop supply chain strategies in industries besides manufacturing. From product development to materials to assembly and profitability, this complete resource explores the impact of these processes across all aspects of the supply chain.
Download or read book Remanufacturing Modeling and Analysis written by Mehmet Ali Ilgin and published by CRC Press. This book was released on 2016-04-19 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: New, Now, Next. Consumers' ever growing appetite to acquire new products and their short courtship with them has kept manufacturers busy not only expending resources at an alarming rate, but also depleting these resources and giving rise to waste and pollution at a correspondingly increasing and disturbing rate. Traditional manufacturing methods th
Download or read book Remanufacturing in the Circular Economy written by Nabil Nasr and published by John Wiley & Sons. This book was released on 2019-11-12 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth and rising levels of consumption in developing and developed countries has been observed as being deeply coupled with natural resource usage and material consumption. The increasing need for natural resources has raised concerns regarding issues such as resource scarcity, undesirable environmental impacts due to material extraction, primary production, and suboptimal product disposal, and social or political tensions. Product End-of-Life (EoL) options, such as reusing or recycling, attempt to limit or reduce the amount of waste sent to a landfill, providing strategic means to decouple the link between economic growth and resource usage. These EoL options have the potential to close material loops, further utilizing wastes as resources, reducing environmental impacts, conserving natural resources, reducing material prices, and providing job opportunities in developing countries. Remanufacturing, on the other hand, is a unique EoL option due to increasing the number of life cycles of a product before final disposal. First, recurring environmental benefits, such as emission and raw material extraction avoidance are obtained with each additional product life cycle. Second, individual resource efficiency yields increase through product remanufacture. Resource efficiency or, using more with less will continue to compound with each additional life cycle. Third, recirculating products decreases the demand and dependency for primary resource production, further closing the material loop and creating a more circular economy. In addition, remanufacturing can initiate more preferable EoL options such as recovery, recycling, and waste reduction. While remanufacturing offers numerous benefits, there is significant lack of literature and books covering the fundamentals of operations, technologies and business models. The proposed book will provide in-depth coverage of remanufacturing fundamentals and its strong link to circular economy and resource efficiency.
Download or read book Remanufacturing and Remanufacturability Assessment for the Circular Economy written by Yang Shanshan and published by CRC Press. This book was released on 2022-12-02 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents decision support tools that can be used in the early design stage to analyze the feasibility of a product and its components for remanufacturing. It also covers how to design a product specifically for remanufacturing and offers supporting case studies. This is a comprehensive solutions guide for remanufacturing decision-making. The book illustrates an approach that can be used at the product End-of-Life (EOL) stage to generate optimized recovery plans for the returned products. Opportunities for Industry 4.0 to support remanufacturing along with case studies are included to showcase the decision-making tools. Remanufacturing and Remanufacturability Assessment for the Circular Economy: A Solutions Guide will be of interest to practitioners, business professionals, and researchers that work in the industrial and manufacturing sectors. Those involved with supply chain management and advanced technologies associated with Industry 4.0, sustainability, and integrated techniques of circular supply chains will also find this book very useful.
Download or read book Remanufacturing Third Party Competition and Consumers Perceived Value of New Products written by Vishal Agrawal and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we investigate whether and how the presence of remanufactured products and the identity of the remanufacturer influence the perceived value of new products through a series of behavioral experiments. Our results demonstrate that the presence of products remanufactured and sold by the Original Equipment Manufacturer (OEM) can reduce the perceived value of new products by up to 8%. However, the presence of third-party remanufactured products can increase the perceived value of new products by up to 7%. These results suggest that deterring third-party competition via preemptive remanufacturing may reduce profits, while the presence of third-party competition may actually be beneficial for an OEM.
Download or read book Optimization and Decision Support Systems for Supply Chains written by Ana Paula Barbosa Póvoa and published by Springer. This book was released on 2016-09-13 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contributed volume presents a collection of materials on supply chain management including industry-based case studies addressing petrochemical, pharmaceutical, manufacturing and reverse logistics topics. Moreover, the book covers sustainability issues, as well as optimization approaches. The target audience comprises academics, industry managers, and practitioners in the field of supply chain management, being the book also beneficial for graduate students
Download or read book Advances in Service Science written by Hui Yang and published by Springer. This book was released on 2018-12-28 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers the state-of-the-art research and developments in service science and related research, education and practice areas. It showcases emerging technology and applications in fields including healthcare, information technology, transportation, sports, logistics, and public services. Regardless of size and service, a service organization is a service system. Because of the socio-technical nature of a service system, a systems approach must be adopted to design, develop, and deliver services, aimed at meeting end users' both utilitarian and socio-psychological needs. Effective understanding of service and service systems often requires combining multiple methods to consider how interactions of people, technology, organizations, and information create value under various conditions. The papers in this volume highlight ways to approach such technical challenges in service science and are based on submissions from the 2018 INFORMS International Conference on Service Science.
Download or read book Remanufactured Goods written by United States International Trade Commis and published by CreateSpace. This book was released on 2015-04-10 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Remanufacturing is an industrial process that restores end-of-life goods to their original working condition. This report provides an overview of U.S. remanufactured goods industries and markets, estimates U.S. trade in remanufactured goods, and examines major factors that affected U.S. sales, trade, and investment during 2009-11. The United States is the largest remanufacturer in the world, and between 2009 and 2011, the value of U.S. remanufactured production grew by 15 percent to at least $43.0 billion, supporting 180,000 full-time U.S. jobs. The remanufacturing-intensive sectors that account for the majority of remanufacturing activity in the United States include aerospace, consumer products, electrical apparatus, heavy-duty and off-road equipment, information technology products, locomotives, machinery, medical devices, motor vehicle parts, office furniture, restaurant equipment, and retreaded tires. U.S. exports of remanufactured goods totaled $11.7 billion in 2011; almost 40 percent of the total went to free trade agreement partners. Foreign remanufacturers that have invested in the United States account for about one-sixth of U.S. trade in remanufactured goods and cores (the used or discarded component that is remanufactured). Although the United States and Europe currently account for the bulk of remanufacturing activities and associated trade, other countries are developing their own remanufacturing industries. In foreign markets, regulatory barriers, import bans, and the lack of a common definition of remanufactured goods limit trade in remanufactured goods and cores.
Download or read book Remanufacturing Planning with Different Quality Levels for Product Returns written by Mark Ferguson and published by . This book was released on 2014 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we consider a tactical production planning problem for remanufacturing when returned products have different quality levels due to different conditions of the returns. The remanufacturing cost increases as the quality level decreases, and any unused returns may be salvaged at a fixed salvage value per unit. Decision variables include the amount to remanufacture each period for each return quality level and the amount of inventory to carry over for future periods for both returns (unremanufactured), and finished remanufactured products. Our model is grounded with data collected at Pitney Bowes from their mailing systems remanufacturing operations. The problem may be formulated as a linear program, given demand forecasts over a planning horizon, and it has a network-like structure. We derive some analytic properties for the optimal solution. We find that, given some conditions on holding costs, the firm always remanufactures the exact demand in each period. We also study the value of a nominal quality grading system in planning production. Based on data obtained from Pitney Bowes and other large remanufacturers, we analyze, via a numerical study, the increase in costs observed by the firm if it does not maintain separate inventory levels for each quality grade. The results show that a grading system decreases cost by 11% over a wide range of parameter values commonly found in the remanufacturing industry. We also numerically explore the case where there are capacity constraints and find the average improvement of a grading system remains around 11%. Finally, we test a simple heuristic policy where a grading system is utilized but no inventory may be carried for demand in future periods. Our numerical tests show a cost increase of only 3% over the cost of the optimal policy.
Download or read book Proceedings of the Eleventh International Conference on Management Science and Engineering Management written by Jiuping Xu and published by Springer. This book was released on 2017-06-27 with total page 1808 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is organized in 2 volumes and 6 parts. Part I is Big Data Analytics, which is about new advances of analysis, statistics, coordination and data mining of big data; Part II is Information Systems Management, which is about the development of big data information system or cloud platform. Part III is Computing Methodology with Big Data, which is about the improvements of traditional computation technologies in the background of big data; Part IV is Uncertainty Decision Making, which is about the decision making methods with various uncertain information, such as fuzzy, random, rough, gray, unascertained. Part V is Intelligence Algorithm. Part VI is Data Security, which is a particularly important aspect in the modern management environment.
Download or read book Competition in Remanufacturing written by Pranab Majumder and published by . This book was released on 2001 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Sustainable Engineering written by Joanne Kauffman and published by Springer. This book was released on 2013-04-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The efficient utilization of energy, sustainable use of natural resources, and large-scale adoption of sustainable technologies is the key to a sustainable future. The Handbook of Sustainable Engineering provides tools that will help us achieve these goals". Nobel Prize Winner Dr. R.K. Pachauri, Chairman, UN Intergovernmental Panel on Climate Change As global society confronts the challenges of diminishing resources, ecological degradation, and climate change, engineers play a crucial role designing and building technologies and products that fulfil our needs for utility and sustainability. The Handbook of Sustainable Engineering equips readers with the context and the best practices derived from both academic research and practical examples of successful implementations of sustainable technical solutions. The handbook’s content revolves around the two themes, new ways of thinking and new business models, including sustainable production, products, service systems and consumption while addressing key assets based on new materials, optimized resource management, and new energy sources. Contributions reflect a focus on state-of-the art insights into employing smart materials, recycling e-waste, water utilization, solar cells, product lifecycles, transportation and reverse manufacturing. Supportive of this, underlying issues such as engineering education, consumer behaviour and the regulatory climate complete the handbook’s comprehensive treatment of the problems and most promising solutions.
Download or read book Managing Closed Loop Supply Chains written by Simme D.P. Flapper and published by Springer Science & Business Media. This book was released on 2006-03-06 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Closed-Loop Supply Chains (CLSC) offer companies a unique opportunity to improve their profits whilst serving societal responsibility. The management of CLSC differs in a number of ways from managing supply chains in general. The book examines these differences and how these differences may be dealt with in practice, by offering a concrete framework, introducing the different aspects related to CLSC and their mutual relations, in a systematic logical way as well as cases clustered according to the inputs for a CLSC. The framework and especially the cases from successful companies offer the reader an invaluable help to build and improve CLSC.
Download or read book Pursuing Sustainability written by Chialin Chen and published by Springer Nature. This book was released on 2021-03-03 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook includes three parts, corresponding to the following three domains of OR/MS research related to sustainability: (i) Systems Design, Innovation, and Technology, (ii) Manufacturing, Logistics, and Transportation, and (iii) Sustainable Natural Resource Management. The first part of the handbook (Chapters 2-6) will focus on the creation and development of sustainable products, services, value chains, and organizations from a systems perspective. Key areas to be covered include Green Design & Innovation, Technology and Engineering Management, Sustainable Value Chain Systems, Sustainability Standards and Performance Evaluation, and Circular Economy and New Research Directions in Sustainability. The second part of the handbook (Chapters 7-11) will concentrate on the major operational and logistic issues faced by today’s industries in pursuing sustainability. Key areas to be covered include Remanufacturing, Reverse Logistics, Closed-Loop Supply Chains, Sustainable Transportation, and New Research Directions in Green Supply Chain Management. The third part of the proposed handbook (Chapters 12-16) will center on major sustainability issues in managing engineering infrastructure and natural resources. Key areas to be covered include Renewable Energy, Sustainable Water Resource, Biofuel Infrastructure, Natural Gas, and New Research Direction in Sustainable Resource Management. The handbook aims to bridge the three main OR/MS research domains in sustainability: “Systems Design, Innovation, and Technology,” “Manufacturing, Logistics, and Transportation,” and “Sustainable Natural Resource Management.” Traditionally, these domains are treated separately in the OR/MS literature. By combining the three domains, the handbook will provide a more holistic treatment of MS/OR methodologies to address critical sustainability issues faced by today’s society. Unlike most existing handbooks which only focus on current OR/MS research in sustainability within a domain, this handbook will include a concluding chapter in each of the three parts to discuss and identify potential future research directions in each of the three main domains.
Download or read book Emerging Green Theories to Achieve Sustainable Development Goals written by Syed Abdul Rehman Khan and published by Springer Nature. This book was released on with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt:
