Journal of the Operational Research Society

, Volume 55, Issue 5, pp 475–484

Inventory strategies for systems with fast remanufacturing

Authors

    • Erasmus University Rotterdam
  • E van der Laan
    • Erasmus University Rotterdam
  • D Vlachos
    • Aristoteles University of Thessaloniki
Theoretical Paper

DOI: 10.1057/palgrave.jors.2601687

Cite this article as:
Teunter, R., Laan, E. & Vlachos, D. J Oper Res Soc (2004) 55: 475. doi:10.1057/palgrave.jors.2601687

Abstract

We describe 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.

Keywords

logisticsremanufacturingstochastic inventory control

Copyright information

© Palgrave Macmillan Ltd 2004