Cost Benefit Analysis In Reverse Logistics
Research have shown that cost-benefit analysis, gives an avenue for holistic understanding on the reverse logistics system, designing and their implementation. Such analysis will help to ascertain important issues that determines the effectiveness and viability of RL systems (Dowlatshahi 2010). Stock (2001), stated emphatically that the performance of cost-benefit analysis is significantly important for the purposes of ascertaining the value of returned products as well as the operating costs associated with remanufacturing or recycling of such products. Importantly, the determination the costs and values are not only significant to the success of reverse logistics system, it would help to influence firms’ participations and its decision on …show more content…
In order to reduce transactional risk and enhance competitive advantage, the promulgation of liberal return policy is very important (Dowlatshahi, 2010). In other words, a well comprehensive reverse logistics management is required to achieve reduction in costs and improvement in revenue (Tibben-Lembke, 1998).
Determinants of the cost benefit analysis
Based on the in-depth analysis conducted by Dowlatshahi (2010), the following sub- factors were considered vitally important in the determination of the cost-benefit analysis:
• The estimation of manufacturing cost: these cost constitute significant part of any remanufactured product, therefore it must be estimated and considered in regards to the viability of the reverse logistics
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Moreover, importance of performing these form of test called reliability tests can be view from two points of view. First, from the returned products, it identifies reliability of the parts and materials that are suited for reproduction activities. Such action is important for quality purposes and customers’ acceptability of reverse logistics products. Second, formalized reliability test could also be of help in determining the degree and the extent in which the returned parts and materials can be reused. Such action is important because it helps in ascertaining the costs to incur in replacing the unusable
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