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Authors: Matthieu Godichaud and Lionel Amodeo

Affiliation: LIST3N (Computer and Digital Society) Laboratory, University of Technology of Troyes, Troyes, France

Keyword(s): Remanufacturing, EPQ, Pricing with Competition, Non-Linear Programming, Single Machine.

Abstract: A hybrid system that produces new and remanufactured products on a common line for two distinct markets is studied in this article. We consider price sensitive demands with competition between the two types of products. The problem is to maximize a profit as a function of economic production quantities and demands or prices decisions. The resulting model is a mixed nonlinear model with linear and nonlinear constraints. A mathematical analysis is proposed to develop an efficient resolution approaches. Numerical study shows that sequential decisions, determining demands first and reorder intervals after, provides solutions closed to optimum. Sensitivity analysis highlights the importance of demand parameters compared to those related to inventory and the importance of considering all costs, not just setup and holding costs, when evaluating order or production quantities.

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Paper citation in several formats:
Godichaud, M. and Amodeo, L. (2024). Hybrid Manufacturing / Remanufacturing Inventory Model with Two Markets and Price Sensitive Demands with Competition. In Proceedings of the 13th International Conference on Operations Research and Enterprise Systems - ICORES; ISBN 978-989-758-681-1; ISSN 2184-4372, SciTePress, pages 146-157. DOI: 10.5220/0012429900003639

@conference{icores24,
author={Matthieu Godichaud. and Lionel Amodeo.},
title={Hybrid Manufacturing / Remanufacturing Inventory Model with Two Markets and Price Sensitive Demands with Competition},
booktitle={Proceedings of the 13th International Conference on Operations Research and Enterprise Systems - ICORES},
year={2024},
pages={146-157},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012429900003639},
isbn={978-989-758-681-1},
issn={2184-4372},
}

TY - CONF

JO - Proceedings of the 13th International Conference on Operations Research and Enterprise Systems - ICORES
TI - Hybrid Manufacturing / Remanufacturing Inventory Model with Two Markets and Price Sensitive Demands with Competition
SN - 978-989-758-681-1
IS - 2184-4372
AU - Godichaud, M.
AU - Amodeo, L.
PY - 2024
SP - 146
EP - 157
DO - 10.5220/0012429900003639
PB - SciTePress

- Science and Technology Publications, Lda.
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