Inventory strategies for systems with fast remanufacturing
2002-09-30
Research Paper
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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
Classifications using
Journal of Economic Literature (JEL) Classification System
- L6 : Industry Studies: Manufacturing
- M : Business Administration and Business Economics; Marketing; Accounting
- R4 : Transportation Systems
- M11 : Production Management
Automatically Extracted Terms
- strategy
- remanufacturing
- 3 2
- inventory
- manufacturing
- lt adj
- order
- 2 3
- example
- return
- inventory position
- system
- poisson
- batch
- remanufacturable
- position
- figure
- management
- 0.5
- class
