Product Acquisition Strategies: An Analytical Approach
Jain, Vani (2010) Product Acquisition Strategies: An Analytical Approach. [Dissertation (University of Nottingham only)] (Unpublished)
Recovery of returned products is an emerging field, which has received increased attention from environmental as well as economic point of view. They help reduce the harmful impact of the industry on the environment by engaging in material recycling, reducing energy consumption and the need for landfill space. Businesses are finding it an attractive investment because it is highly profitable for the company as, it not only adds to the ‘green image’ of the company, which the company can use as a marketing tool to attract and retain environmentally conscious customers, but also companies can use discarded products as a valuable source of components and materials and hence reducing waste. A firm operating a recoverable product system relies on the return of used products as a basic input (raw material) to a reuse system and hence remanufacturing requires a continuous flow of used products. This highlights the importance of having efficient product acquisition management system. In this report we try to investigate how product acquisition choices affect the rate of return of used products and its impact on the economic value recovered from the remanufacturing system by using analytical models. This report also attempts to compare the percentage cost improvement between open and closed loop supply chains.
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