Template-Type: ReDIF-Paper 1.0
Author-Name: de Brito, M.P.
Author-Name-Last: de Brito
Author-Name-First: Marisa
Author-Person: pde45
Author-Name: van der Laan, E.A.
Author-Name-Last: van der Laan
Author-Name-First: Erwin
Author-Person: pva64
Title: Inventory control with product returns: the impact of (mis)information
Abstract: Product returns are often characterized by a dual uncertainty on time and quantity.  In the literature on inventory management with product returns, best forecasts have been  associated with methods that use the most informationregarding product return history. In practice however, data is often scarce and unreliable. In this paper we investigate the  impact of (mis)information on inventory performance. An exact analysis shows that in case of misestimation the most informed method does not necessarily lead to best performance. Further  we provide an extensive simulation study to investigate the impact of misinformation w.r.t.  inventory costs.This has relevant implications regarding the investments to make on product  return information systems.
Creation-Date: 2002-09-17
File-URL: https://repub.eur.nl/pub/554/feweco20020917132944.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2002-29
Keywords: Forecasting, Information management, Inventory control, Product returns
Handle: RePEc:ems:eureir:554