supply chain management; simulation; recycle; end-of-life; remanufacture; system dynamics modeling
International Journal of Integrated Supply Management
This paper examines recycling of end-of-life products in developing countries to determine the most reasonable collection policy in order to increase profits. The process of self-recycling by original manufacturers is examined using simulations. The simulations were based on three different investment percentage collection/remanufacture policies for end-of-life products. Results offered here can help decision makers understand tradeoffs they face as they decide how to best process turned products (refurbish, remanufacture, or recycle). Results from simulations presented in this paper can help firms in developing countries understand and improve their recycling processes. Simulation of the various collection policies for end-of-life products shows that low-end collection policies provide the better profit results. Following the policies given by the results of the simulations should improve profits and efficiencies for companies in developing countries and help them understand the benefits of recycling.
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