Maximizing profits from end-of-life and initial sales with heterogeneous consumer demand
By: Zhao, Yuan
.
Contributor(s): Thurston, Deborah.
Publisher: New York ASME 2013Edition: Vol.135(4), Apr.Description: 1-10p.Subject(s): Mechanical EngineeringOnline resources: Click here
In:
Journal of mechanical designSummary: Growing concerns from customers and the government about product disposal highlight the necessity of improving product take-back systems to retain the embedded values in disposed products. Progress has been made toward minimizing the cost of the end-of-life (EOL) processes. While some progress has been made in recovering end-of-life value through decision making in the early design stage, contradictive objectives make it difficult to simultaneously optimize initial sales profits and EOL value. In this paper, a mathematical model is developed to integrate end-of-life recovery value considerations with product design decisions. The improvement of component reuse value or recycling value is achieved by linking design decisions in the early design stage with end-of-life decisions in order to maximize total product value across the span of product life cycle. A matrix based representation that can group components into several end-of-life modules with the same end-of-life decisions is also presented.
| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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Articles Abstract Database
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School of Engineering & Technology Archieval Section | Not for loan | 2024-0662 |
Growing concerns from customers and the government about product disposal highlight the necessity of improving product take-back systems to retain the embedded values in disposed products. Progress has been made toward minimizing the cost of the end-of-life (EOL) processes. While some progress has been made in recovering end-of-life value through decision making in the early design stage, contradictive objectives make it difficult to simultaneously optimize initial sales profits and EOL value. In this paper, a mathematical model is developed to integrate end-of-life recovery value considerations with product design decisions. The improvement of component reuse value or recycling value is achieved by linking design decisions in the early design stage with end-of-life decisions in order to maximize total product value across the span of product life cycle. A matrix based representation that can group components into several end-of-life modules with the same end-of-life decisions is also presented.
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