Template-Type: ReDIF-Paper 1.0
Author-Name: Teunter, R.H.
Author-Name-Last: Teunter
Author-Name-First: Ruud
Author-Name: van der Laan, E.A.
Author-Name-Last: van der Laan
Author-Name-First: Erwin
Author-Person: pva64
Author-Name: Vlachos, D.
Author-Name-Last: Vlachos
Author-Name-First: Dimitrios
Title: Inventory strategies for systems with fast remanufacturing
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.
Creation-Date: 2002-09-30
File-URL: https://repub.eur.nl/pub/231/erimrs20020930142008.pdf
File-Format: application/pdf
Series: RePEc:ems:eureri
Number: ERS-2002-77-LIS
Classification-JEL: L6, M, M11, R4
Keywords: logistics, remanufacturing, stochastic inventory control
Handle: RePEc:ems:eureri:231