Title: Considering Holding Cost in Optimal Core Acquisition and Remanufacturing Policy under Deterministic Process Times
Abstract: This paper considers holding cost in core acquisition policy. High variability in quality of returned products complicates decision making on the quantity of products to acquire and remanufacture each period. On the other hand, inventory costs are considered only in multi-period or inventory control models, while WIP costs (charged due to waiting times for products in the intermediate storage areas) are ignored. In this research work, holding cost for finished and unfinished products is considered with two different approaches in two MINLP models, under the assumption of deterministic process times. It is found that, although different products go through different production lines, reducing the time of the process with the lowest production rate has the largest impact on the total holding cost.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
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Cited By Count: 1
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