Development of multi-criteria decision making model for remanufacturing technology portfolio selection

Remanufacturing represents a business opportunity and in many cases a means to promote environmental sustainability. To help enterprises economically and effectively implement remanufacturing, a multi-criteria decision making (MCDM) model for selecting remanufacturing technology is developed. The model considers remanufacturing technology portfolios. The enterprise benefits associated with each portfolio, including economic and environmental benefits, are evaluated using six main criteria: cost, quality, time, service, resource consumption, and environmental impact. In addition, the synergies among the different types of technologies for each remanufacturing technology portfolio are also considered. The pair-wise comparison approach of Analytic Hierarchy Process (AHP) is employed for remanufacturing technology portfolio selection. An illustrative example is provided to lend insights into the application of this methodology.