Inventory strategies for systems with fast remanufacturing

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Inventory strategies for systems with fast remanufacturing

Author Info

R.H. Teunter ()
E.A. van der Laan ()
D. Vlachos () (FEW-Econometrie en besliskunde)

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Erwin A. van der Laan

Abstract

We analyze 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.

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Paper provided by Erasmus University Rotterdam, Econometric Institute in its series Econometric Institute Report with number 242.

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Date of creation: 2001
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Handle: RePEc:dgr:eureir:2001242

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Paper
- Teunter, R.H. & Laan, E.A. van der & Vlachos, D., 2002. "Inventory strategies for systems with fast remanufacturing," Research Paper ERS-2002-77-LIS Revision_, 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. [Downloadable!]

This paper has been announced in the following NEP Reports:

NEP-ALL-2001-12-14 (All new papers)

References listed on IDEAS
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.:

Teunter, Ruud H. & van der Laan, Erwin & Inderfurth, Karl, 2000. "How to set the holding cost rates in average cost inventory models with reverse logistics?," Omega, Elsevier, vol. 28(4), pages 409-415, August. [Downloadable!] (restricted)

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Cited by:
(explanations, 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.)

Laan, E.A. van der & Teunter, R.H., 2004. "Simple heuristics for push and pull remanufacturing policies," Research Paper ERS-2004-090-LIS Revision, 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. [Downloadable!]
Other versions:
- Laan, E.A. van der & Teunter, R.H., 2004. "Simple heuristics for push and pull remanufacturing policies," Econometric Institute Report EI 2004-34 Revision_Date:, Erasmus University Rotterdam, Econometric Institute. [Downloadable!]
- van der Laan, Erwin A. & Teunter, Ruud H., 2006. "Simple heuristics for push and pull remanufacturing policies," European Journal of Operational Research, Elsevier, vol. 175(2), pages 1084-1102, December. [Downloadable!] (restricted)
CorbacÄ±oÄŸlu, U. & Laan, E.A. van der, 2005. "Setting the holding cost rates in a multi-product system with remanufacturing," Research Paper ERS-2005-072-LIS Revision, 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. [Downloadable!]

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