Dynamic buy-back for product recovery in end-of-life spare parts procurement

Rainer Kleber (), Tobias Schulz () and Guido Voigt ()
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Rainer Kleber: Faculty of Economics and Management, Otto-von-Guericke University Magdeburg
Tobias Schulz: Faculty of Economics and Management, Otto-von-Guericke University Magdeburg

No 9026, FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management

Abstract: The efficient supply of spare parts is of prime concern for OEMs. Next to the traditional spare parts sources in form of final order and remanufacturing, the option to buy back broken products prevents the OEM from fulfilling his spare parts availability obligation in the end-of-life phase and increases his ability to remanufacture. This contribution seeks to identify optimal buy-back strategies for different settings regarding information availability and buy-back flexibility. A numerical study analyzes circumstances under which buy-back is especially beneficial for the OEM.

Keywords: Inventory Management; Spare Parts Management; Reverse Logistics; Buy-back (search for similar items in EconPapers)
JEL-codes: C61 M11 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2009-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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