Inventory management in a manufacturing/remanufacturing hybrid system with condition monitoring

dc.contributor.advisor Sarah M. Ryan
dc.contributor.author Padakala, Bhavana
dc.contributor.department Industrial and Manufacturing Systems Engineering
dc.date 2018-08-11T05:48:07.000
dc.date.accessioned 2020-06-30T02:39:08Z
dc.date.available 2020-06-30T02:39:08Z
dc.date.copyright Tue Jan 01 00:00:00 UTC 2008
dc.date.embargo 2013-06-05
dc.date.issued 2008-01-01
dc.description.abstract <p>Traditional supply chains consist of manufacturers, who process, assemble and sell products to customers. Once the product has been sold, the ownership of the product is transferred on to the customer. Typically after a possible warranty period, the repair, maintenance and eventual disposal of the product is then the responsibility of the customer. The reverse processing activities of inspection, parts remanufacturing, and materials recycling can substantially reduce the material and energy consumed by producing goods. Although these activities have a beneficial environmental impact, customers fail to participate in the remanufacturing efforts by producers or third parties because they often lack incentives. To overcome this drawback, several environmental and economic thinkers have proposed a concept called "servicizing". In this paradigm, producers become service providers who provide the use and maintenance of products while retaining ownership; customers become clients who pay fees to receive the benefits the products provide. Instead of extensive buying and disposing of products, servicizing includes the obligation to dispose of used products responsibly, while reusing them and their constituent parts and materials as much as possible. However, because the provider retains responsibility for the product while it is in use by different client firms, the service paradigm also creates the need for better information and communication technology to increase the provider's knowledge of the product condition. Monitoring the condition of the equipment enhances the ability of the service provider to make better replacement decisions (when to replace the product in the fleet to avoid failures) and better inventory management decisions (how much remanufactured stock to maintain so the customer is ensured a working product at all times). This thesis aims at optimizing the replacement and inventory decisions of the service provider in order to minimize the long-run overall cost per unit time.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/etd/11925/
dc.identifier.articleid 2957
dc.identifier.contextkey 2808155
dc.identifier.doi https://doi.org/10.31274/etd-180810-46
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath etd/11925
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/26129
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/etd/11925/Padakala_iastate_0097M_10151.pdf|||Fri Jan 14 19:01:41 UTC 2022
dc.subject.disciplines Industrial Engineering
dc.subject.keywords Base Stock Policy
dc.subject.keywords Condition Monitoring
dc.subject.keywords Hybrid System
dc.subject.keywords Inventory Management
dc.subject.keywords Remanufacturing
dc.subject.keywords Replacement Policy
dc.title Inventory management in a manufacturing/remanufacturing hybrid system with condition monitoring
dc.type article
dc.type.genre thesis
dspace.entity.type Publication
relation.isOrgUnitOfPublication 51d8b1a0-5b93-4ee8-990a-a0e04d3501b1
thesis.degree.level thesis
thesis.degree.name Master of Science
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