NDLI: Lot-size models for a hybrid system with different sale prices on newly manufactured items and recovered items

Content Provider	IEEE Xplore Digital Library
Author	Yuan, Kaifu
Copyright Year	2011
Description	Author affiliation: School of Business and Management, and Guizhou Key Lab of Economics System Simulation, Guizhou Colleg of Finance and Economics, Guiyang, China (Yuan, Kaifu)
Abstract	To determine the optimal manufacture and recovery policy, a hybrid system is investigated in which manufacturing and recovering operations co-exist. In this system, the constant demand of customers is fulfilled by newly manufactured products or recovered products. However, only a part of return used products from customers are recovered and the rest are disposed off due to the lower price of the recovered products. The inventory decision-making models on the unit time total profit are formulated under one manufacturing setup and one recovering setup policy, and these models are reduced to the functions with respect only to recovery ratio and recovering lot-size by the elimination theory, and finally the formulae on the optimal manufacturing and recovering lot-sizes, recovery ratio and others are derived. Compared with the related literatures, this study is closer to the reality.
Starting Page	1
Ending Page	4
File Size	449858
Page Count	4
File Format	PDF
ISBN	9781424486915
e-ISBN	9781424486946
DOI	10.1109/ICEBEG.2011.5882615
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-05-06
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Lot-size Industrial economics Biological system modeling Production Maintenance engineering Manufacturing Manufacture Sale price Modeling Recovery Hybrid system
Content Type	Text
Resource Type	Article

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