Inventory strategies for systems with fast remanufacturing

Ruud Teunter, Erwin van der Laan and Dimitrios Vlachos

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: We describe hybrid manufacturing/remanufacturing systems with a long lead time for manufacturing and a short lead time for remanufacturing. We review the classes of inventory strategies for hybrid systems in the literature. These are all based on equal lead times. For systems with slow manufacturing and fast remanufacturing, we propose a new class. An extensive numerical experiment shows that the optimal strategy in the new class almost always performs better and often much better than the optimal strategies in all other classes.

Keywords: logistics; remanufacturing; stochastic inventory control (search for similar items in EconPapers)
JEL-codes: L6 M M11 R4 (search for similar items in EconPapers)
Date: 2002-09-30
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Citations: View citations in EconPapers (1)

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Journal Article: Inventory strategies for systems with fast remanufacturing (2004)
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