Shi, J; Lu, Z; Xu, H and Cui, J (2024) System dynamic-based remanufacturing economic analysis model of used automobile engine under two recycling modes. Journal of Engineering, Design and Technology, 22(5), pp. 1433-1446. ISSN 1726-0531
Abstract
Purpose: The purpose of this study is to present a system dynamic (SD)-based remanufacturing economic analysis model of used automobile engine under two recycling modes. The authors will compare the remanufacturing cost, sales profit and sales revenue from time and space dimensions incurred in different recycling modes in the long run. Design/methodology/approach: The remanufacturing economic analysis model is based on SD methodology. The authors can simulate the relations of impact factors on automobile engine recycling and remanufacturing and further analyze and compare the cost, sales profit and sales revenue incurred in different recycling modes in the long term. Findings: Sinotruk Steyr engine remanufacturing in Shandong province is taken as the research case subject. The revenue, cost and profit under the two recycling modes from 2015 to 2035 are analyzed and compared. The results show that different recycling modes have significant varying influence on the economy of engine remanufacturing. Originality/value: This economic analysis model can provide a method reference to decide the recycling mode for auto components and other product remanufacturing. Moreover, this model can guide and support the sustainable development of remanufacturing industry.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | automobile engine; economic analysis; recycling mode; remanufacturing; system dynamics |
| Index terms: | revenue, profit, sustainable development, economic analysis, methodology, system dynamics, recycling, dimension |
| Subjects: | health monitoring assessment and metrics, economic analysis, design analysis, waste management, computing systems, health safety and environment, research methods |
| Topics: | Sustainability, Business Strategy, Health and Safety, Research Practice, Design Practice, Digital Applications |
| Descriptive scope: | 3 CTA |
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