Optimization Model for Remanufacturing System at Strategic and Operational Level

As many companies are becoming environmentally conscious, and as stringent environmental laws are being passed, remanufacturing has received growing attention. In this paper, we discuss the remanufacturing system where the manufacturer overhauls returned products and bringing back to ‘as new' conditions. We propose two mathematical models for consecutive decision making at strategic and operational level in remanufacturing system. And sensitivity analyses are conducted on various parameters to gain insight into the proposed models by using a set of data reflecting a real business situation.