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Full-Text Articles in Mechanical Engineering
Analysis Of Remanufacturing Policy With Consideration For Returned Products Quality, Kenichi Nakashima, Surendra M. Gupta
Analysis Of Remanufacturing Policy With Consideration For Returned Products Quality, Kenichi Nakashima, Surendra M. Gupta
Surendra M. Gupta
This paper deals with the product acquisition control problem and considers returned product quality with two types of classes. The system includes the flow of the product returns from customers to the factory as well as the forward flow of the sales. We formulate the acquisition problem together with product quality and stochastic demand using the Markov decision process. A numerical example is given to show the implementation of the methodology.
Use Of Crystal Ball® To Predict Profitability Of A Reverse Supply Chain, Kishore K. Pochampally, Surendra M. Gupta, Tej S. Dhakar
Use Of Crystal Ball® To Predict Profitability Of A Reverse Supply Chain, Kishore K. Pochampally, Surendra M. Gupta, Tej S. Dhakar
Surendra M. Gupta
Traditionally, firms have been spending significant time and money in improving their forward supply chains while ignoring their potential reverse supply chains. However, in today’s competitive business environment, it is important that firms study the profitability and benefits of implementing a reverse supply chain while considering the uncertainties associated with the supply and composition of used products, disassembly time, recycling/remanufacturing time, and demand for recycled/remanufactured goods. In this paper, we demonstrate how a simulation software package, Crystal Ball®, can be used to help a firm predict whether investment in a reverse supply chain is profitable with respect to a given …