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                                                     Seminar

             Department of Systems Engineering and Engineering Management
The Chinese University of Hong Kong

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Title	:	A Remanufacturing News-vendor with Pricing and Take-back Pricing
Speaker	:	Prof. Qing Ding
		Lee Kong Chian School of Business
		Singapore Management University
Date	:	July 21st, 2010 (Wednesday)
Time	:	10:30 p.m. - 11:30 p.m.
Venue	:	Room 513
		William M.W. Mong Engineering Building
		(Engineering Building Complex Phase 2)
		CUHK

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Abstract:
　

This paper analyzes the problem of a remanufacturing newsvendor with selling and take-back price decision. In our model, the remanufacturer decides selling price, take-back price, and order quantity for new materials. She then uses the stochastic take-back quantity and the new material to meet the stochastic demand comparably to a news vendor setting.
In this paper, we study a production problem with dual input sources: raw materials and recycled or remanufactured take-back items. To answer when mixed-sourcing is the best, we analyze the model under deterministic setting first. Provide criteria for sourcing strategies, and give corresponding joint optimal solutions. Assuming that a mixed strategy is optimal, we then analyze the stochastic case, and find the optimal joint decision on raw-material order quantity, selling product price and take-back price.
A good policy for the remanufacture problem may not only increase the profit, but also improve social welfare. Also, the take-back price can exceed the net savings achieved by remanufacturing if consumers take this price into account when purchasing new product. Finally, we present plenty of numerical analysis to report the impact and performance if a required recycling level is imposed in the problem;

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Biography:
　

Dr. Qing Ding is an Assistant Professor at the Lee Kong Chain School of Business in Singapore Management University. His principle research interests are in Global Supply Chain Management, Dynamic Revenue Management, Applications of Auction Theory, and Production Scheduling. He has published articles in Operations Research, Naval Research Logistics, IIE Transactions, European Journal of Operations Research and other high quality academic journals. He received his Bachelors and Masters degree in Control Theory from Nankai University in China. He received a Ph. D degree in Operations Research from Hong Kong Polytechnic University as well as a Ph. D degree in Operations Management from Washington University at St. Louis.

************************* ALL ARE WELCOME ************************

Host	:	Prof. Zhou Xiang, Sean
Tel	:	(852) 2609-8336
Email	:	zhoux@se.cuhk.edu.hk
Enquiries	:	Prof. Nan Chen or Prof. Sean X. Zhou
	:	Department of Systems Engineering and Engineering Management
		CUHK
Website	:	http://www.se.cuhk.edu.hk/~seg5810
Email	:	seg5810@se.cuhk.edu.hk

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