TY - GEN
T1 - Cost benefits from standardization of the packaging glass bottles
AU - Ko, Youngdae
AU - Noh, Injoon
AU - Hwang, Hark
N1 - Copyright:
Copyright 2011 Elsevier B.V., All rights reserved.
PY - 2010
Y1 - 2010
N2 - This study deals with an integrated recycling system where two competing brewers standardize their glass bottles to implement the producer responsible recycling system. Immediate benefits from the standardization are three folds. Firstly, the sorting and exchange processes of the bottles collected for reuse by each brewer become no longer necessary. Secondly, cost reduction is achieved through streamlining of collection and reuse processes. Finally, under the stochastic demand of glass bottles their inventory holding costs and lost sales cost are reduced via inventory pooling. Through the development of the mathematical models we determine an optimal operation policy of two brewers that maximizes the sum of benefits obtained from standardization. Numerical examples are solved to show the validity of the model.
AB - This study deals with an integrated recycling system where two competing brewers standardize their glass bottles to implement the producer responsible recycling system. Immediate benefits from the standardization are three folds. Firstly, the sorting and exchange processes of the bottles collected for reuse by each brewer become no longer necessary. Secondly, cost reduction is achieved through streamlining of collection and reuse processes. Finally, under the stochastic demand of glass bottles their inventory holding costs and lost sales cost are reduced via inventory pooling. Through the development of the mathematical models we determine an optimal operation policy of two brewers that maximizes the sum of benefits obtained from standardization. Numerical examples are solved to show the validity of the model.
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U2 - 10.1109/ICCIE.2010.5668276
DO - 10.1109/ICCIE.2010.5668276
M3 - Conference contribution
AN - SCOPUS:78651445350
SN - 9781424472956
T3 - 40th International Conference on Computers and Industrial Engineering: Soft Computing Techniques for Advanced Manufacturing and Service Systems, CIE40 2010
BT - 40th International Conference on Computers and Industrial Engineering
T2 - 40th International Conference on Computers and Industrial Engineering, CIE40 2010
Y2 - 25 July 2010 through 28 July 2010
ER -