9th North American Conference on Industrial Engineering and Operations Management

Remanufacturing planning with uncertain parameters

Yisha Xiang & Zhicheng Zhu
Publisher: IEOM Society International
0 Paper Citations
1 Views
1 Downloads
Abstract

We consider the problem of remanufacturing planning in the presence of statistical estimation errors. We model this problem as a robust Markov decision process, where the true system transition probability is assumed to be unknown but lie in an interval-based uncertainty set. We establish structural properties of optimal robust policies under this uncertainty set. A computational study on the NASA turbofan engine shows that our data-driven decision framework consistently yields better worst-case performances and higher reliability of the performance guarantee.

Published in: 9th North American Conference on Industrial Engineering and Operations Management, Washington D.C., United States

Publisher: IEOM Society International
Date of Conference: June 4-6, 2024

ISBN: 979-8-3507-1736-5
ISSN/E-ISSN: 2169-8767