Remanufacturing with innovative features: A strategic analysis.
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| Title: | Remanufacturing with innovative features: A strategic analysis. |
|---|---|
| Authors: | Cetin, Can Baris1 (AUTHOR) can-baris.cetin@hec.ca, Zaccour, Georges1,2 (AUTHOR) georges.zaccour@gerad.ca |
| Source: | European Journal of Operational Research. Oct2023, Vol. 310 Issue 2, p655-669. 15p. |
| Subjects: | Remanufacturing, Original equipment manufacturers, Newsvendor model, Consumers' surplus, Consumer goods, Young consumers, Product quality |
| Abstract: | • We consider an innovative industry with an OEM and an independent remanufacturer. • We characterize when the OEM should remanufacture or leave it to the IR. • We study the effect of who remanufactures on the remanufactured quantity. • We assess the impact on the different strategies on the environment and consumers. In this study, we investigate the best remanufacturing strategy for the original equipment manufacturer (OEM) and independent remanufacturer (IR) in an innovative industry where the consumer valuation of the products increases with the level of innovation, and we characterize how the best strategy changes with the identity of the remanufacturer. Our work differs from existing articles that investigate the remanufacturing strategy in the presence of quality decisions, by actively including the innovative features in the remanufactured products, as opposed to passively carrying over product quality to the remanufactured products. We consider three remanufacturing strategies: (i) not remanufacturing, (ii) remanufacturing without adding innovative features, and (iii) remanufacturing adding innovative features (upgrading). To analyze the problem, we create a single-period model where the OEM determines the level of innovation and the quantity of new products, in both competitive settings, and either the OEM or IR determines the remanufacturing quantity depending on the competitive setting. We investigate how the firms' environmental impact and the consumer surplus are affected by the competition and the remanufacturing strategy. [ABSTRACT FROM AUTHOR] |
| Copyright of European Journal of Operational Research is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Engineering Source |
| FullText | Text: Availability: 0 |
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| Header | DbId: egs DbLabel: Engineering Source An: 163948079 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Remanufacturing with innovative features: A strategic analysis. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Cetin%2C+Can+Baris%22">Cetin, Can Baris</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> can-baris.cetin@hec.ca</i><br /><searchLink fieldCode="AR" term="%22Zaccour%2C+Georges%22">Zaccour, Georges</searchLink><relatesTo>1,2</relatesTo> (AUTHOR)<i> georges.zaccour@gerad.ca</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22European+Journal+of+Operational+Research%22">European Journal of Operational Research</searchLink>. Oct2023, Vol. 310 Issue 2, p655-669. 15p. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Remanufacturing%22">Remanufacturing</searchLink><br /><searchLink fieldCode="DE" term="%22Original+equipment+manufacturers%22">Original equipment manufacturers</searchLink><br /><searchLink fieldCode="DE" term="%22Newsvendor+model%22">Newsvendor model</searchLink><br /><searchLink fieldCode="DE" term="%22Consumers'+surplus%22">Consumers' surplus</searchLink><br /><searchLink fieldCode="DE" term="%22Consumer+goods%22">Consumer goods</searchLink><br /><searchLink fieldCode="DE" term="%22Young+consumers%22">Young consumers</searchLink><br /><searchLink fieldCode="DE" term="%22Product+quality%22">Product quality</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: • We consider an innovative industry with an OEM and an independent remanufacturer. • We characterize when the OEM should remanufacture or leave it to the IR. • We study the effect of who remanufactures on the remanufactured quantity. • We assess the impact on the different strategies on the environment and consumers. In this study, we investigate the best remanufacturing strategy for the original equipment manufacturer (OEM) and independent remanufacturer (IR) in an innovative industry where the consumer valuation of the products increases with the level of innovation, and we characterize how the best strategy changes with the identity of the remanufacturer. Our work differs from existing articles that investigate the remanufacturing strategy in the presence of quality decisions, by actively including the innovative features in the remanufactured products, as opposed to passively carrying over product quality to the remanufactured products. We consider three remanufacturing strategies: (i) not remanufacturing, (ii) remanufacturing without adding innovative features, and (iii) remanufacturing adding innovative features (upgrading). To analyze the problem, we create a single-period model where the OEM determines the level of innovation and the quantity of new products, in both competitive settings, and either the OEM or IR determines the remanufacturing quantity depending on the competitive setting. We investigate how the firms' environmental impact and the consumer surplus are affected by the competition and the remanufacturing strategy. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of European Journal of Operational Research is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1016/j.ejor.2023.03.027 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 15 StartPage: 655 Subjects: – SubjectFull: Remanufacturing Type: general – SubjectFull: Original equipment manufacturers Type: general – SubjectFull: Newsvendor model Type: general – SubjectFull: Consumers' surplus Type: general – SubjectFull: Consumer goods Type: general – SubjectFull: Young consumers Type: general – SubjectFull: Product quality Type: general Titles: – TitleFull: Remanufacturing with innovative features: A strategic analysis. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Cetin, Can Baris – PersonEntity: Name: NameFull: Zaccour, Georges IsPartOfRelationships: – BibEntity: Dates: – D: 16 M: 10 Text: Oct2023 Type: published Y: 2023 Identifiers: – Type: issn-print Value: 03772217 Numbering: – Type: volume Value: 310 – Type: issue Value: 2 Titles: – TitleFull: European Journal of Operational Research Type: main |
| ResultId | 1 |
