Optimal Uncertainty Decision of Innovation Products Output Based on Return Collection
Joint Authors
Source
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-10-11
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
As the length of time between product renewals decreases, the enterprises that make innovative products face new challenges.
The production cost structure of innovative products can be changed by collecting product returns, which can be economically valuable for enterprises.
Enterprises face both production and demand randomness; hence, it is important to improve the traditional optimal production decision-making model that considers the randomness of demand only.
This paper divides innovative products into structural innovation products and improved innovation products.
The paper studies the optimal single-period production decision between reused parts and conventional new parts in complementary and substitute relationships.
It further gives the analytical expressions for satisfying the optimal production and provides some numerical examples.
The research results indicate that when producing innovative products, whether based on structural or improved innovation, with the variance of the quantity of the recycled parts increasing, the optimal purchase quantity of the conventional parts will increase but the expected profits for the innovative products will decrease.
With integrated substitution and complementation based on improved innovation, enhancing the fluctuation in the number of recycled parts has a greater impact on the optimal purchase quantity of the substitute conventional parts than that of the complementary parts.
American Psychological Association (APA)
Su, Yi& Sun, Wei& Lin, Zhouzhou. 2016. Optimal Uncertainty Decision of Innovation Products Output Based on Return Collection. Scientific Programming،Vol. 2016, no. 2016, pp.1-9.
https://search.emarefa.net/detail/BIM-1118275
Modern Language Association (MLA)
Su, Yi…[et al.]. Optimal Uncertainty Decision of Innovation Products Output Based on Return Collection. Scientific Programming No. 2016 (2016), pp.1-9.
https://search.emarefa.net/detail/BIM-1118275
American Medical Association (AMA)
Su, Yi& Sun, Wei& Lin, Zhouzhou. Optimal Uncertainty Decision of Innovation Products Output Based on Return Collection. Scientific Programming. 2016. Vol. 2016, no. 2016, pp.1-9.
https://search.emarefa.net/detail/BIM-1118275
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1118275