Dismantle or remanufacture?

Shanshan Guo, Goker Aydin and Gilvan C. Souza

European Journal of Operational Research, 2014, vol. 233, issue 3, 580-583

Abstract: In this paper we study a firm’s disposition decision for returned end-of-use products, which can either be remanufactured and sold, or dismantled into parts that can be reused. We formulate this problem as a multi-period stochastic dynamic program, and find the structure of the optimal policy, which consists of monotonic switching curves. Specifically, if it is optimal to remanufacture in a given period and for given inventory levels, then it is also optimal to remanufacture when the inventory of part(s) is higher or the inventory of remanufactured product is lower.

Keywords: Logistics; Inventory; Dynamic programming; Remanufacturing; Dismantling (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:233:y:2014:i:3:p:580-583

DOI: 10.1016/j.ejor.2013.09.042

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