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Inventory strategies for systems with fast remanufacturing

  • Theoretical Paper
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Journal of the Operational Research Society

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.

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Acknowledgements

The research presented in this paper is part of the research on reuse in the context of the EU sponsored TMR project REVersed LOGistics (ERB 4061 PL 97-5650) in which participate: the Erasmus University Rotterdam (NL), the Eindhoven University of Technology (NL), the Otto-von-Guericke Universitaet Magdeburg (D). INSEAD (F), the Aristoteles University of Thessaloniki (GR) and the University of Piraeus (GR). The research of Dr. Ruud H. Teunter has been made possible by a fellowship of The Royal Netherlands Academy of Arts and Sciences.

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Teunter, R., Laan, E. & Vlachos, D. Inventory strategies for systems with fast remanufacturing. J Oper Res Soc 55, 475–484 (2004). https://doi.org/10.1057/palgrave.jors.2601687

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  • DOI: https://doi.org/10.1057/palgrave.jors.2601687

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