An inventory model with dependent product demands and returns
AbstractIn this paper an inventory model for a single reusable product is investigated, in which the random returns depend explicitly on the demand stream. Further, the model distinguishes itself from most other research in this field by considering leadtimes and a finite planning horizon. We show that neglecting the dependency between demands and returns of products may lead to bad performance with respect to total average relevant costs. Additionally, our results enable us to determine the minimal recovery probability or the minimal length of the planning horizon for which reuse is profitable.
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Bibliographic InfoArticle provided by Elsevier in its journal International Journal of Production Economics.
Volume (Year): 72 (2001)
Issue (Month): 1 (June)
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Web page: http://www.elsevier.com/locate/ijpe
Other versions of this item:
- van der Laan, E.A. & Kiesmueller, G.P., 2001. "An Inventory Model with Dependent Product Demands and Returns," ERIM Report Series Research in Management ERS-2001-16-LIS, 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 Uni.
- M - Business Administration and Business Economics; Marketing; Accounting
- M11 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Production Management
- R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Fleischmann, Moritz & Bloemhof-Ruwaard, Jacqueline M. & Dekker, Rommert & van der Laan, Erwin & van Nunen, Jo A. E. E. & Van Wassenhove, Luk N., 1997. "Quantitative models for reverse logistics: A review," European Journal of Operational Research, Elsevier, vol. 103(1), pages 1-17, November.
- van der Laan, Erwin & Salomon, Marc, 1997. "Production planning and inventory control with remanufacturing and disposal," European Journal of Operational Research, Elsevier, vol. 102(2), pages 264-278, October.
- Sophie Bernard, 2011.
Documents de travail du Centre d'Economie de la Sorbonne
11027, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Sophie Bernard, 2010. "Remanufacturing," Working Papers 1003E, University of Ottawa, Department of Economics.
- Bernard, Sophie, 2011. "Remanufacturing," Economics Papers from University Paris Dauphine 123456789/6984, Paris Dauphine University.
- Bernard, Sophie, 2011. "Remanufacturing," Economics Papers from University Paris Dauphine 123456789/11301, Paris Dauphine University.
- Takahashi, Katsuhiko & Morikawa, Katsumi & Myreshka & Takeda, Daisuke & Mizuno, Akihiko, 2007. "Inventory control for a MARKOVIAN remanufacturing system with stochastic decomposition process," International Journal of Production Economics, Elsevier, vol. 108(1-2), pages 416-425, July.
- Gong, Qiguo & Lai, K.K. & Wang, Shouyang, 2008. "Supply chain networks: Closed Jackson network models and properties," International Journal of Production Economics, Elsevier, vol. 113(2), pages 567-574, June.
- Hsueh, Che-Fu, 2011. "An inventory control model with consideration of remanufacturing and product life cycle," International Journal of Production Economics, Elsevier, vol. 133(2), pages 645-652, October.
- Nenes, George & Panagiotidou, Sofia & Dekker, Rommert, 2010. "Inventory control policies for inspection and remanufacturing of returns: A case study," International Journal of Production Economics, Elsevier, vol. 125(2), pages 300-312, June.
- Toktay, B. & van der Laan, E.A. & de Brito, M.P., 2003. "Managing Product Returns: The Role of Forecasting," ERIM Report Series Research in Management ERS-2003-023-LIS, 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 Uni.
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