TY - CHAP
T1 - Production and remanufacturing strategies in a closed-loop supply chain
T2 - A two-period newsvendor problem
AU - Reimann, Marc
AU - Lechner, Gernot
PY - 2012
Y1 - 2012
N2 - Effective and efficient closed-loop supply chain processes can constitute a significant competitive edge for companies. However, the integration of forward and reverse processes poses some challenges both on the supply side— e.g., availability of remanufacturable products—and on the demand side, e.g., cannibalization between new and remanufactured products. In this paper a two-period newsvendor-type approach is presented. The model is used to characterize the optimal production and remanufacturing policies. The main emphasis is on studying supply side interactions, in particular, the link between production and sales of new products and the resulting subsequent supply of used products. Further, the issue of storing excess production is addressed. The relationship between inventory and remanufacturing decisions is quantified.
AB - Effective and efficient closed-loop supply chain processes can constitute a significant competitive edge for companies. However, the integration of forward and reverse processes poses some challenges both on the supply side— e.g., availability of remanufacturable products—and on the demand side, e.g., cannibalization between new and remanufactured products. In this paper a two-period newsvendor-type approach is presented. The model is used to characterize the optimal production and remanufacturing policies. The main emphasis is on studying supply side interactions, in particular, the link between production and sales of new products and the resulting subsequent supply of used products. Further, the issue of storing excess production is addressed. The relationship between inventory and remanufacturing decisions is quantified.
KW - Closed-loop supply chain
KW - Inventory carryover
KW - Remanufacturable products
KW - Remanufacturing policies
KW - Two-period newsvendor
UR - https://www.scopus.com/pages/publications/84955080894
U2 - 10.1007/978-1-4614-3600-3_9
DO - 10.1007/978-1-4614-3600-3_9
M3 - Chapter
AN - SCOPUS:84955080894
SN - 978-1-4614-3599-0
T3 - International Series in Operations Research and Management Science
SP - 219
EP - 247
BT - Handbook of Newsvendor Problems
A2 - Choi, Tsan-Ming
PB - Springer
ER -
