2002-09-01
On the non-optimality of the average cost approach for inventory models with remanufacturing
Publication
Publication
International Journal of Production Economics , Volume 79 - Issue 1 p. 67- 73
When analyzing average cost (AC) inventory models, it is common use to add the discount rate times the capital tied up in a product, to the out-of-pocket holding cost rate. This way, capital costs are (roughly) included. In this paper we show that such a method may not always be appropriate for reverse logistics inventory models with both remanufacturing and disposal of returned products.
Additional Metadata | |
---|---|
, , , | |
doi.org/10.1016/S0925-5273(00)00085-2, hdl.handle.net/1765/14859 | |
ERIM Article Series (EAS) | |
International Journal of Production Economics | |
Organisation | Erasmus Research Institute of Management |
Teunter, R., & van der Laan, E. (2002). On the non-optimality of the average cost approach for inventory models with remanufacturing. International Journal of Production Economics, 79(1), 67–73. doi:10.1016/S0925-5273(00)00085-2 |