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Valuation of inventories in systems with product recovery

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  • Teunter, R.H.
  • van der Laan, E.A.

Abstract

Valuation of inventories has different purposes, in particular accounting and decision making, and it is not necessary for a firm to use the same valuation method for both purposes. In fact, it is not uncommon to use accounting books as well as management books. In this chapter, we will only consider inventory values from the perspective of decision making. More specifically, we will analyze the effect of inventory valuation on inventory control decisions (and not the corresponding financial results) for systems with product recovery.

Suggested Citation

  • Teunter, R.H. & van der Laan, E.A., 2003. "Valuation of inventories in systems with product recovery," Econometric Institute Research Papers EI 2003-29, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    • Handle: RePEc:ems:eureir:908
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    References listed on IDEAS

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    1. van der Laan, Erwin, 2003. "An NPV and AC analysis of a stochastic inventory system with joint manufacturing and remanufacturing," International Journal of Production Economics, Elsevier, vol. 81(1), pages 317-331, January.
    2. Hong, Jae-Dong & Hayya, Jack C., 1992. "Just-In-Time purchasing: Single or multiple sourcing?," International Journal of Production Economics, Elsevier, vol. 27(2), pages 175-181, May.
    3. Erwin van der Laan & Marc Salomon & Rommert Dekker & Luk Van Wassenhove, 1999. "Inventory Control in Hybrid Systems with Remanufacturing," Management Science, INFORMS, vol. 45(5), pages 733-747, May.
    4. 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.
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    Cited by:

    1. de Brito, M.P. & Dekker, R., 2003. "A Framework for Reverse Logistics," ERIM Report Series Research in Management ERS-2003-045-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 University Rotterdam.

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