| dc.description.abstract | Leasing is one of major service in global economic. The small and medium-size company
currently prefer using leasing service rather than purchasing product especially Flatbed
container trailers, an expensive equipment. With regards, this paper represents a Mixedinteger non-linear programing (MINLP) model with LINGO programing to simulate a
case that leases new products and sell remanufactured leased products. The objective of
this study is maximizing the profit of two term leasing new products and being sold this
remanufacturable product after returned. The profit function consists of revenues that are
obtained from remanufactured product sales and leasing, remanufacturing and
manufacturing costs, inventory holding and shortage costs. The primary objective is to
maximize the profit based on the discrepancy between the revenue and the costs of a firm,
which leases new products as well as selling remanufactured ones. The product
deteriorates with time and the difference between a new and used good is obvious. The
product must undergo a remanufacturing procedure before being sold as a remanufactured
product. | en_US |
