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An Integrated Inventory Models for Independent Remanufacturers

초록/요약

Recently, remanufacturing issues has received much attention due to a circular economy, thereby resulting in diverse types of remanufacturers. Among the types of remanufacturers, this paper investigates the case of independent remanufacturers in which they purchase returned/used items, inspect the quality level, and then sell them as is or remanufactured. Based on EOQ model for used items and EPQ model for remanufactured items, we examine optimal lot size that maximizes the profit of independents remanufacturers. Then, we present a numerical example and conduct sensitivity analysis considering the probability of unacceptable quality level and remanufacturing fraction among screened items to provide managerial insights into practices.

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목차

1. Introduction
2. Literature review
3. Model formulation
3.1 Problem description and assumptions
3.2 Model formulation
3.3 Optimal solution
4. Numerical examples
5. Sensitivity analysis
6. Conclusion
Reference

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