Abstract:

A product recovery management deal with the collection of post consumed and discarded products and explores the possibilities to remanufacture the items, reuse the components or recycle the materials from end of life items. Multi-objective Decision Making (MODM) methods can be applied to analyze the trade-offs between environmental concerns and associated economic sustainability of closed loop supply chain integration into the existing forward supply chain infrastructure. In this paper the proposed mathematical model based on two objectives, namely maximization of the total profit through remanufacturing operation and minimization of the dumping waste of post consumed products which amount to maximization of the recycling rate. We have analyzed the effect of re-usable ratio and disposal ratio effect on the contrasting objectives of the model under various scenarios of product life cycle of the remanufacturable products.

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