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Diagnostic Techniques in Industrial Engineering pp 137–155Cite as

Remanufacturing: An Industrial Strategy for Economic Benefits

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Part of the book series: Management and Industrial Engineering ((MINEN))

Abstract

A successful new product development (NPD) always requires a well-defined, systematically planned, coherently organized, and cost effectively executed strategy along with the objective to satisfy customers. Supply chain management (SCM) is one conquering approach that integrates all resources for these activities into an endeavor that maximizes the positive impact on customers. Therefore, a competent supply chain management (SCM) is well-adequate tangible way to influence customers through their performance regarding time and place. Moreover, reverse logistic supply chain (RLSC) is a closed-loop chain that works as ‘Double Dividend’ for the company in terms of generating economic and environmental benefits. With this study, we have demonstrated that the concept of remanufacturing of products leads to more economical and sustainable benefits for the manufacturer fraternity. To explain the concept, we have proposed a methodological cost modeling framework that is based upon the diffusion of new product wherein; we have considered two different scenarios pertaining to remanufacturing phenomenon. The proposed framework has been validated on real-life sales data set pertaining to automobile industry.

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Acknowledgements

The research work presented in this chapter is supported by grants to the first author from Department of Science and Technology (DST) via DST PURSE phase II grant, India.

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Authors and Affiliations

  1. Department of Operational Research, University of Delhi, Delhi, 110007, India

    Adarsh Anand, Gunjan Bansal & Mohini Agarwal

  2. Delhi Technological University, East Delhi Campus, Delhi, 110095, India

    Deepti Aggrawal

Authors
  1. Adarsh Anand
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  2. Gunjan Bansal
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  3. Mohini Agarwal
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  4. Deepti Aggrawal
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Corresponding author

Correspondence to Gunjan Bansal .

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Editors and Affiliations

  1. Department of Mathematics, Computer Science and Engineering, Graphic Era University, Dehradun, Uttarakhand, India

    Mangey Ram

  2. Department of Mechanical Engineering, University of Aveiro, Aveiro, Portugal

    J. Paulo Davim

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Anand, A., Bansal, G., Agarwal, M., Aggrawal, D. (2018). Remanufacturing: An Industrial Strategy for Economic Benefits. In: Ram, M., Davim, J. (eds) Diagnostic Techniques in Industrial Engineering. Management and Industrial Engineering. Springer, Cham. https://doi.org/10.1007/978-3-319-65497-3_4

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  • DOI: https://doi.org/10.1007/978-3-319-65497-3_4

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-65496-6

  • Online ISBN: 978-3-319-65497-3

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