Hybrid Manufacturing / Remanufacturing Inventory Model with Two Markets and Price Sensitive Demands with Competition

Matthieu Godichaud, Lionel Amodeo

2024

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.

Paper Citation

in Harvard Style

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 - Volume 1: ICORES; ISBN 978-989-758-681-1, SciTePress, pages 146-157. DOI: 10.5220/0012429900003639

in Bibtex Style

@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 - Volume 1: ICORES},
year={2024},
pages={146-157},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012429900003639},
isbn={978-989-758-681-1},
}

in EndNote Style

TY - CONF

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