The effect of product substitution at non-boundary inventory states
Environmentally Conscious Manufacturing IV, Philadelphia, PA, Amerika Birleşik Devletleri, 26 - 27 Ekim 2004, cilt.5583, ss.224-233, (Tam Metin Bildiri)
- Yayın Türü: Bildiri / Tam Metin Bildiri
- Cilt numarası: 5583
- Doi Numarası: 10.1117/12.571167
- Basıldığı Şehir: Philadelphia, PA
- Basıldığı Ülke: Amerika Birleşik Devletleri
- Sayfa Sayıları: ss.224-233
- Anahtar Kelimeler: Hybrid systems, Optimal substitution policies, Remanufacturing
- Boğaziçi Üniversitesi Adresli: Evet
Özet
In this study, we aim to analyze the effect of substitution policies on the on-hand inventory of finished goods for hybrid manufacturing/remanufacturing systems, where both new and remanufactured versions of a product coexist. We consider the case where the remanufactured products are offered to the market for a fraction of the new product price. Here we propose a model that quantitatively measures the pros and cons of supplying a particular demand for a version of the product with a different version in terms of immediate and average long-run costs and benefits. Then using this model we compare the effectiveness of one way and mutual substitution policies both at boundary and non-boundary inventory states.