Simultaneous consideration of remanufactured and new products in optimal product line design

R. Aydin, Chun Kit Kwong, Ping Ji

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

Remanufactured products are normally remanufactured from returned new products. Thus, they can be considered together with new products in product line design to obtain the maximum profit and market share of the product line. This paper proposes a methodology for optimal product line design with simultaneous consideration of remanufactured and new products which mainly involves development of dynamic demand models and multi-objective optimization. The optimization model is solved by nondominated sorting genetic algorithm II (NSGA-II) and optimal Pareto solutions of product line design that include specifications and prices of both remanufactured and new products, estimated profits and market share as well as the time of launching remanufactured products. A case study was conducted to illustrate the effectiveness of the proposed methodology.
Original languageEnglish
Title of host publicationIEEM 2014 - 2014 IEEE International Conference on Industrial Engineering and Engineering Management
PublisherIEEE Computer Society
Pages1-5
Number of pages5
Volume2015-January
ISBN (Electronic)9781479964109
DOIs
Publication statusPublished - 1 Jan 2014
Event2014 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2014 - Selangor, Malaysia
Duration: 9 Dec 201412 Dec 2014

Conference

Conference2014 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2014
CountryMalaysia
CitySelangor
Period9/12/1412/12/14

Keywords

  • Dynamic demand model
  • multiobjective optimization
  • product line design
  • remanufacturing

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Industrial and Manufacturing Engineering
  • Safety, Risk, Reliability and Quality

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