Journal of the Operational Research Society

, Volume 55, Issue 5, pp 475–484

Inventory strategies for systems with fast remanufacturing

Theoretical Paper

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

logistics remanufacturing stochastic inventory control 

Copyright information

© Palgrave Macmillan Ltd 2004

Authors and Affiliations

  1. 1.Erasmus University RotterdamBurgThe Netherlands
  2. 2.Aristoteles University of ThessalonikiThessalonikiGreece

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