4.7 Article

Optimal core acquisition and remanufacturing policies under uncertain core quality fractions

期刊

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
卷 210, 期 2, 页码 241-248

出版社

ELSEVIER SCIENCE BV
DOI: 10.1016/j.ejor.2010.06.015

关键词

Remanufacturing; Product acquisition management; Quality uncertainty

向作者/读者索取更多资源

Cores acquired by a remanufacturer are typically highly variable in quality. Even if the expected fractions of the various quality levels are known, then the exact fractions when acquiring cores are still uncertain. Our model incorporates this uncertainty in determining optimal acquisition decisions by considering multiple quality classes and a multinomial quality distribution for an acquired lot. We derive optimal acquisition and remanufacturing policies for both deterministic and uncertain demand. For deterministic demand, we derive a simple closed-form expression for the total expected cost. In a numerical experiment, we highlight the effect of uncertainty in quality fractions on the optimal number of acquired cores and show that the cost error of ignoring uncertainty can be significant. For uncertain demand, we derive optimal newsboy-type solutions for the optimal remanufacture-up-to levels and an approximate expression for the total expected cost given the number of acquired cores. In a further numerical experiment, we explore the effects of demand uncertainty on the optimal acquisition and remanufacturing decisions, and on the total expected cost. (C) 2010 Elsevier B.V. All rights reserved.

作者

我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。

评论

主要评分

4.7
评分不足

次要评分

新颖性
-
重要性
-
科学严谨性
-
评价这篇论文

推荐

Article Management

Entering the high-end market by collecting and remanufacturing a competitor's high-end cores

Dongmei Xue, Ruud H. Teunter, Stuart X. Zhu, Weihua Zhou

Summary: This paper examines a duopoly channel in the context of the smartphone industry, where a high-end firm sells its own brand at a high profit margin and a low-end firm sells its own brand at a low profit margin but can differentiate by remanufacturing high-end cores. The study analyzes how cost structure and customers' valuation influence the equilibrium strategies of both firms, including conditions for the low-end firm to engage in remanufacturing and how the high-end firm reacts to maintain its market share.

OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE (2021)

Article Management

Joint condition-based maintenance and load-sharing optimization for two-unit systems with economic dependency

Michiel A. J. Uit Het Broek, Ruud H. Teunter, Bram de Jonge, Jasper Veldman

Summary: This study investigates the value of condition-based load-sharing for two-unit systems with economic dependency, finding that substantial cost savings of up to 40% can be achieved compared to the optimal condition-based maintenance policy. The structure of the optimal policy is influenced by maintenance setup costs and penalties for not meeting production targets.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2021)

Article Management

Robust compound Poisson parameter estimation for inventory control

Dennis Prak, Ruud Teunter, Mohamed Zied Babaic, John E. Boyland, Aris Syntetos

Summary: Existing methods for estimating parameters in inventory control lack guidance, with traditional MM and ML estimators proving to be less robust. We propose a new MM alternative that outperforms standard methods in accuracy and performance.

OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE (2021)

Article Management

Optimal stock and capital reserve policies for emergency medical supplies against epidemic outbreaks

Weijian Zhang, Xianliang Shi, Anqiang Huang, Guowei Hua, Ruud H. Teunter

Summary: Combating epidemics is a significant threat to humanity, and quick access to sufficient medical supplies is crucial. This study is the first to consider capital reserves in addition to physical stocks, and it reveals that increased demand uncertainty can lead to lower safety stock levels, making reliance on capital reserves a better option.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2023)

Article Green & Sustainable Science & Technology

Service operation vessels for offshore wind farm maintenance: Optimal stock levels

Fabio Neves-Moreira, Jasper Veldman, Ruud H. Teunter

Summary: Service operation vessels have become the dominant mode for maintaining offshore wind farms, but current repair kit problem approaches fail to account for all characteristics. Proposed mixed-integer programming models aim to determine and validate repair kits under different weather conditions to reduce turbine downtime and allow emergency resupplies. Valuable insights on repair kit composition and relevant business indicators for various scenarios are provided, emphasizing the importance of adapting repair kits based on weather forecasts and the potential for significant downtime reductions through emergency resupply allowances.

RENEWABLE & SUSTAINABLE ENERGY REVIEWS (2021)

Article Engineering, Industrial

Joint condition-based maintenance and condition-based production optimization

Michiel A. J. Uit Het Broek, Ruud H. Teunter, Bram de Jonge, Jasper Veldman

Summary: Condition-based maintenance and production policies play important roles in manufacturing industry as they can reduce costs and improve reliability by dynamically adjusting production rates and implementing maintenance. Integrating maintenance and production policies together can effectively lower failure risks and achieve higher cost savings.

RELIABILITY ENGINEERING & SYSTEM SAFETY (2021)

Article Engineering, Industrial

The data-driven newsvendor problem: Achieving on-target service-levels using distributionally robust chance-constrained optimization

Niels van der Laan, Ruud H. Teunter, Ward Romeijnders, Onur A. Kilic

Summary: This paper addresses the data-driven newsvendor problem under a service-level constraint. Existing approaches suffer from overfitting and fail to achieve the target service-level. To overcome this issue, the authors propose new data-driven approaches based on distributionally robust chance constrained optimization. Extensive experiments, including simulations and a real-life bikesharing system, demonstrate the effectiveness of the proposed methods.

INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS (2022)

Article Management

Towards System State Dispatching in High-Variety Manufacturing *

T. A. Arno Kasper, Martin J. Land, Ruud H. Teunter

Summary: This study proposes a shift towards system state dispatching in the production control literature on high-variety manufacturing. The results show that FOCUS enables a big leap forward in production control performance, significantly reducing the number of orders delivered late and mean tardiness compared to state-of-the-art production control methods.

OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE (2023)

Article Management

Purchase or rent? Optimal pricing for 3D printing capacity sharing platforms

Luoyi Sun, Guowei Hua, T. C. E. Cheng, Ruud H. Teunter, Jingxin Dong, Yixiao Wang

Summary: Online sharing platforms have gained attention in various industries and have potential for the 3D printing industry. This paper explores the optimal pricing strategy for a 3DP capacity sharing platform and examines how usage level and printer heterogeneity impact consumers' choice between owning or renting. The study emphasizes the importance of technological progress in reducing printer prices to benefit the industry.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2023)

Article Management

Inventory control with demand substitution: new insights from a two-product Economic Order Quantity analysis

Ruud H. Teunter, Stefan Kuipers

Summary: This study examines the optimal inventory control of two products with demand substitution. Using a simplified Economic Order Quantity model, the authors present new insights into the optimal ordering strategies for two substitute products and find that partial substitution is always achieved through one-way substitution rather than two-way substitution.

OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE (2022)

Article Management

A data-driven approach for condition-based maintenance optimization

Yue Cai, Ruud H. Teunter, Bram de Jonge

Summary: Developments in sensor techniques enable continuous monitoring and better prediction of failures in operating systems, leading to improved maintenance decisions. This study presents a novel fully data-driven approach for condition-based maintenance, which sets the maintenance threshold purely based on past condition data and failures. Numerical results demonstrate the convergence of the data-driven approach to the optimal threshold.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2023)

Article Engineering, Industrial

Non-hierarchical work-in-progress control in manufacturing

T. A. Arno Kasper, Martin J. Land, Ruud H. Teunter

Summary: Reducing Work-In-Process (WIP) in manufacturing systems has advantages such as predictable throughput times and increased manageability. Various WIP control methods, including CONWIP and Kanban for repetitive manufacturing, and LUMS COR and POLCA for high-variety manufacturing, have been developed. By simultaneously considering release, authorization, and dispatching decisions, the non-hierarchical method DRACO outperforms traditional methods and improves overall manageability.

INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS (2023)

Article Engineering, Manufacturing

The effects of tokenization on ride-hailing blockchain platforms

Luoyi Sun, Guowei Hua, Ruud H. Teunter, T. C. E. Cheng, Zuo-Jun Max Shen

Summary: The rapid development of blockchain technology has prompted traditional centralized intermediaries to rethink their transaction models, especially in the peer-to-peer market. Token-based blockchain systems with cryptocurrency are gaining popularity, but little is known about how they compare to non-token-based systems. This study uses an analytical framework to determine the optimal strategies for both types of platforms and analyzes their properties and characteristics. The findings suggest that transitioning from non-token-based platforms to token-based platforms can increase social welfare, unless the non-token-based system has significantly higher prices. Additionally, the research finds that token-based platforms have higher matching probabilities and government interventions can improve social welfare by promoting fair consensus mechanisms and higher decentralization levels.

PRODUCTION AND OPERATIONS MANAGEMENT (2023)

Article Economics

Railway liberalization, airport congestion toll, and infrastructure pricing: Modelling and numerical analysis for European and Chinese markets

Yixiao Wang, Eric Pels, Ruud H. Teunter, Luoyi Sun, Jianhong Wu

Summary: This study uses a game theoretic model to analyze the impact of infrastructure pricing regulation on various aspects, such as demand, social welfare, and investment in transport management. The study finds that product differentiation by transport operators and profit/welfare orientation of infrastructure operators significantly affect the sensitivity of transport mode to access charges. Additionally, numerical studies show that the introduction of HSR on-track competition and congested infrastructures have different effects on industry benefits and consumer surplus in European and Chinese markets.

TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE (2023)

Article Management

Advance Selling and Advertising: A Newsvendor Framework

Meng Wu, Stuart X. Zhu, Ruud H. Teunter

Summary: The research discusses the advantages of firms offering advance orders for new products, analyzing the trade-offs between these advantages and the revenue loss from selling at a discount in advance. The study also examines the question of whether firms should advertise the advance ordering opportunity for strategic consumers. Several structural insights into the optimal policy are provided, showing that the policy is driven by the proportion of strategic consumers and the discount level needed to encourage advance purchases.

DECISION SCIENCES (2021)

Review Management

Survey of optimization models for power system operation and expansion planning with demand response

Vinicius N. Motta, Miguel F. Anjos, Michel Gendreau

Summary: This survey presents a review of optimization approaches for the integration of demand response in power systems planning and highlights important future research directions.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

R-SALSA: A branch, bound, and remember algorithm for the workload smoothing problem on simple assembly lines

Philipp Schulze, Armin Scholl, Rico Walter

Summary: This paper proposes an improved branch-and-bound algorithm, R-SALSA, for solving the simple assembly line balancing problem, which performs well in balancing workloads and providing initial solutions.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Adaptive scheduling in service systems: A Dynamic programming approach

Roshan Mahes, Michel Mandjes, Marko Boon, Peter Taylor

Summary: This paper discusses appointment scheduling and presents a phase-type-based approach to handle variations in service times. Numerical experiments with dynamic scheduling demonstrate the benefits of rescheduling.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Discrete scheduling and critical utilization

Oleg S. Pianykh, Sebastian Perez, Chengzhao Richard Zhang

Summary: Efficient scheduling is crucial for optimizing resource allocation and system performance. This study focuses on critical utilization and efficient scheduling in discrete scheduling systems, and compares the results with classical queueing theory.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Review Management

Supply chain network design with financial considerations: A comprehensive review

Hamed Jahani, Babak Abbasi, Jiuh-Biing Sheu, Walid Klibi

Summary: Supply chain network design is a large and growing area of research. This study comprehensively surveys and analyzes articles published from 2008 to 2021 to detect and report financial perspectives in SCND models. The study also identifies research gaps and offers future research directions.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

A branch-and-cut algorithm for the connected max- k-cut problem

Patrick Healy, Nicolas Jozefowiez, Pierre Laroche, Franc Marchetti, Sebastien Martin, Zsuzsanna Roka

Summary: The Connected Max-k-Cut Problem is an extension of the well-known Max-Cut Problem, where the objective is to partition a graph into k connected subgraphs by maximizing the cost of inter-partition edges. The researchers propose a new integer linear program and a branch-and-cut algorithm for this problem, and also use graph isomorphism to structure the instances and facilitate their resolution. Extensive computational experiments show that, if k > 2, their approach outperforms existing algorithms in terms of quality.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Estimating production functions through additive models based on regression splines

Victor J. Espana, Juan Aparicio, Xavier Barber, Miriam Esteve

Summary: This paper introduces a new methodology based on the machine learning technique MARS for estimating production functions that satisfy classical production theory axioms. The new approach overcomes the overfitting problem of DEA through generalized cross-validation and demonstrates better performance in reducing mean squared error and bias compared to DEA and C2NLS methods.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Time-flexible min completion time variance in a single machine by quadratic programming

Stefano Nasini, Rabia Nessah

Summary: In this paper, the authors investigate the impact of time flexibility in job scheduling, showing that it can significantly affect operators' ability to solve the problem efficiently. They propose a new methodology based on convex quadratic programming approaches that allows for optimal solutions in large-scale instances.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Convex support vector regression

Zhiqiang Liao, Sheng Dai, Timo Kuosmanen

Summary: Nonparametric regression subject to convexity or concavity constraints is gaining popularity in various fields. The conventional convex regression method often suffers from overfitting and outliers. This paper proposes the convex support vector regression method to address these issues and demonstrates its advantages in prediction accuracy and robustness through numerical experiments.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

A simulation evacuation framework for effective disaster preparedness strategies and response decision making

Kuo-Hao Chang, Ying-Zheng Wu, Wen-Ray Su, Lee-Yaw Lin

Summary: The damage and destruction caused by earthquakes necessitates the evacuation of affected populations. Simulation models, such as the Stochastic Pedestrian Cell Transmission Model (SPCTM), can be utilized to enhance disaster and evacuation management. The analysis of SPCTM provides insights for government officials to formulate effective evacuation strategies.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

An effective hybrid evolutionary algorithm for the clustered orienteering problem

Qinghua Wu, Mu He, Jin-Kao Hao, Yongliang Lu

Summary: This paper studies a variant of the orienteering problem known as the clustered orienteering problem. In this problem, customers are grouped into clusters and a profit is associated with each cluster, collected only when all customers in the cluster are served. The proposed evolutionary algorithm, incorporating a backbone-based crossover operator and a destroy-and-repair mutation operator, outperforms existing algorithms on benchmark instances and sets new records on some instances. It also demonstrates scalability on large instances and has shown superiority over three state-of-the-art COP algorithms. The algorithm is also successfully applied to a dynamic version of the COP considering stochastic travel time.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Improving uplift model evaluation on randomized controlled trial data

Bjorn Bokelmann, Stefan Lessmann

Summary: Estimating treatment effects is an important task for data analysts, and uplift models provide support for efficient allocation of treatments. However, evaluating uplift models is challenging due to variance issues. This paper theoretically analyzes the variance of uplift evaluation metrics, proposes variance reduction methods based on statistical adjustment, and demonstrates their benefits on simulated and real-world data.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Newsvendor conditional value-at-risk minimisation: A feature-based approach under adaptive data selection

Congzheng Liu, Wenqi Zhu

Summary: This paper proposes a feature-based non-parametric approach to minimizing the conditional value-at-risk in the newsvendor problem. The method is able to handle both linear and nonlinear profits without prior knowledge of the demand distribution. Results from numerical and real-life experiments demonstrate the robustness and effectiveness of the approach.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Right-left asymmetry of the eigenvector method: A simulation study

Laszlo Csato

Summary: This paper compares the performance of the eigenvalue method and the row geometric mean as two weighting procedures. Through numerical experiments, it is found that the priorities derived from the two eigenvectors in the eigenvalue method do not always agree, while the row geometric mean serves as a compromise between them.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)

Article Management

Compete or cooperate? Effects of channel relationships on government policies for sustainability

Guowei Dou, Tsan-Ming Choi

Summary: This study investigates the impact of channel relationships between manufacturers on government policies and explores the effectiveness of positive incentives versus taxes in increasing social welfare. The findings suggest that competition may be more effective in improving sustainability and social welfare. Additionally, government incentives for green technology may not necessarily enhance sustainability.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2024)