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Matching Demand and Supply to Maximize Profits from Remanufacturing
Abstract
The profitability of remanufacturing depends on the quantity and quality of product returns and on the demand for remanufactured products. The quantity and quality of product returns can be influenced by varying quality-dependent acquisition prices, i.e., by using product acquisition management. Demand can be influenced by varying the selling price. We develop a simple framework for determining the optimal prices and the corresponding profitability. We motivate and illustrate our framework using an application from the cellular telephone industry.
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Citations
Cited by
Examining the role of procurement 4.0 towards remanufacturing operations and circular economy
Bag, S., Dhamija, P., Gupta, S., & Sivarajah, U. (2021) · Production Planning & Control · doi:10.1080/09537287.2020.1817602 · Cited by 94
Optimal Pricing, Ordering, and Return Policies for Consumer Goods
Ketzenberg, M. E., & Zuidwijk, R. A. (2009) · Production and Operations Management · doi:10.1111/j.1937-5956.2009.01017.x · Cited by 83
Adaptive remanufacturing for multiple lifecycles: A case study in office furniture
Krystofik, M., Luccitti, A., Parnell, K., & Thurston, M. (2018) · Resources, Conservation and Recycling · doi:10.1016/j.resconrec.2017.07.028 · Cited by 74
Dindarian, A., Gibson, A. A. P., & Quariguasi-Frota-Neto, J. (2012) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2012.03.015 · Cited by 64
Metadata
- Authors
- Guide, V. D. R., Teunter, R. H., & Van Wassenhove, L. N.
- Venue
- Manufacturing & Service Operations Management
- Published
- 2003-10
- Volume
- 5
- Issue
- 4
- Pages
- 303-316
- ISSN
- 1523-4614 (ISSN-L)
- 1526-5498
- OpenAlex
- W2134449461
- Cited by
- 525
- References
- 0
- FWCI
- 34.66
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
