CUED Publications database

Strategies for product recovery decisions

Parlikad, AK and McFarlane, D (2009) Strategies for product recovery decisions. International Journal of Product Lifecycle Management, 4. pp. 186-206. ISSN 1743-5110

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Abstract

Product recovery is beset by uncertainty regarding the quality of end-of-life (EOL) products, and in order to ascertain the reusability of these products, they have to undergo expensive tests. This undermines the profitability of the recovery process. The key to improve the effectiveness of product recovery is to improve the quality of information available before testing. Emerging data capture technologies can significantly improve the availability of information. However, in order to maximise the potential of these technologies, appropriate decision-making algorithms that exploit such information must be developed. We model the recovery process using a decision-theoretic approach, and derive strategies to ascertain the reusability of EOL products, and also to decide when tests are beneficial. We show that improving the quality of information leads to increase in effectiveness of the recovery process by reducing the need for tests. Copyright © 2009 Inderscience Enterprises Ltd.

Item Type: Article
Uncontrolled Keywords: Applied probability Decision analysis Product recovery Uncertainty modelling
Subjects: UNSPECIFIED
Divisions: Div E > Manufacturing Systems
Depositing User: Cron Job
Date Deposited: 07 Mar 2014 11:30
Last Modified: 30 Nov 2014 05:45
DOI: 10.1504/IJPLM.2009.031673