Pricing used products for remanufacturing

Liang, Yijiong; Pokharel, Shaligram; Lim, G.H.

doi:10.1016/j.ejor.2007.11.029

Cited by 138 publications

(59 citation statements)

References 12 publications

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“…In the investment market, the stock price is a Geometric Brownian Motion (GBM). We believe that the major mathematical studies on pricing at remanufacturing have been done by Mitra [23], Vorasayan and Ryan [24], Liang, Pokharel, and Lim [25], and Guide, Teunter, and Wassenhove [15]. In Table 1 we compare four models that are introduced by these researchers.…”

Section: Related Research: Pricing In Remanufacturingmentioning

confidence: 99%

A Hybrid Genetic Algorithm-Neural Network Approach for Pricing Cores and Remanufactured Cores

Seidi

Kimiagari

2012

The South African Journal of Industrial Engineering

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Sustainability has become a major issue in most economies, causing many leading companies to focus on product recovery and reverse logistics. Remanufacturing is an industrial process that makes used products reusable. One of the important aspects in both reverse logistics and remanufacturing is the pricing of returned and remanufactured products (called cores). In this paper, we focus on pricing the cores and remanufactured cores. First we present a mathematical model for this purpose. Since this model does not satisfy our requirements, we propose a simulation optimisation approach. This approach consists of a hybrid genetic algorithm based on a neural network employed as the fitness function. We use automata learning theory to obtain the learning rate required for training the neural network. Numerical results demonstrate that the optimal value of the acquisition price of cores and price of remanufactured cores is obtained by this approach. OPSOMMINGVolhoubaarheid het 'n belangrike saak geword in die meeste ekonomieë, wat verskeie maatskappye genoop het om produkherwinning en omgekeerde logistiek te onder oë te neem. Hervervaardiging is 'n industriële proses wat gebruikte produkte weer bruikbaar maak. Een van die belangrike aspekte in beide omgekeerde logistiek en hervervaardiging is die prysbepaling van herwinne en hervervaardigde produkte. Hierdie artikel fokus op die prysbepalingsaspekte by wyse van 'n wiskundige model.

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Section: Related Research: Pricing In Remanufacturingmentioning

confidence: 99%

A Hybrid Genetic Algorithm-Neural Network Approach for Pricing Cores and Remanufactured Cores

Seidi

Kimiagari

2012

The South African Journal of Industrial Engineering

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“…Many scholars have established a closed-loop supply chain model from the perspective of operational research and game theory. Liang et al [1] held the view that new products and reproducing products have different prices in market and the retail price of remanufacturing products follows geometric Brownian motion. Based on this opinion, they introduced a model to connect recycling price with selling price.…”

Section: Introductionmentioning

confidence: 99%

Research on the Complexity and Chaos Control about a Closed‐Loop Supply Chain with Dual‐Channel Recycling and Uncertain Consumer Perception

Ren

et al. 2018

Complexity

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According to game theory, chaotic dynamics theory, and complexity based on the literature review about the pricing strategy and recycling channels of the closed-loop supply chain, on the background of the widespread hybrid recycling channels in Chinese electronic products market, this paper builds a closed-loop supply chain model with dual-channel recycling composed of one manufacturer and one third-party. We assume that the consumer perception towards the remanufacturing products is uncertain and limited. We carry on theoretical analysis of this model and perform numerical simulations from the perspective of entropy theory. Results show that a precipitous speed of recycling price adjustment of the manufacturer or the third-party will both lead the system into a chaotic state and cause the entropy of the system to increase. The system is sensitive to initial conditions in this chaotic condition. Focusing on the harmful effects of chaotic system, we introduce adjustment parameter to efficiently control the chaos. The results have a strong reference value to practical problems, so it has a great value in both theory and application.

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“…Na remanufatura os produtos passiveis de recuperação são integrados a fabricação de novos itens ou destinados a mercados secundários (ALINOVE; BOTTANI; MONTANARI, 2012). No entanto, como a remanufatura requer um suprimento contínuo de produtos usados, o incentivo econômico é necessário para atrair clientes para retornar seus produtos usados (LIANG;LIM, 2009). Quando não há meios para remanufaturar os produtos usados os fabricantes devem assumir a responsabilidade pela reciclagem e eliminação dos produtos que atingiram o fim de seus ciclos de vida (DINLERA; GÜNGÖR,2017).…”

Section: Resultsunclassified

O cenário da logística reversa em empresas multinacionais do município de Ponta Grossa-PR de 2010 e 2012

Pilatti

Picinin²,

Nascimento³

2017

R. Gest. Industr.

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A Logística Reversa (LR) ganhou impulso em todo o mundo devido à consciência global da degradação ambiental e do esgotamento dos recursos naturais. O presente artigo tem como objetivo apresentar o cenário da LR de sete empresas multinacionais do município de Ponta Grossa-PR de 2010 e 2012, de maneira adicional, avaliar o faturamento das empresas com relação as quantidades de práticas de LR com a quantidade de atividades com produtos retornados adotadas pelas mesmas. Requisitos essenciais -como a caracterização da empresa, faturamento, gestão de planejamento para produtos retornados, barreiras para uma gestão eficiente, avaliação do uso da logística reversa, foram abordados no trabalho por meio de um questionário aplicado em dois períodos: nos anos de 2010 e 2012. Todas as empresas contatadas responderam o questionário nas duas etapas. Os dados foram avaliados através da correlação de Spearman, considerando que estas variáveis apresentaram dados não normais. Porem os dados se mostraram significativos da relação faturamento e as atividades da LR. PALAVRAS-CHAVE:Logística Reversa. Atividades da Logística Reversa. Multinacionais.

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Pricing used products for remanufacturing

Cited by 138 publications

References 12 publications

A Hybrid Genetic Algorithm-Neural Network Approach for Pricing Cores and Remanufactured Cores

A Hybrid Genetic Algorithm-Neural Network Approach for Pricing Cores and Remanufactured Cores

Research on the Complexity and Chaos Control about a Closed‐Loop Supply Chain with Dual‐Channel Recycling and Uncertain Consumer Perception

O cenário da logística reversa em empresas multinacionais do município de Ponta Grossa-PR de 2010 e 2012

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