An ( s, Q) inventory model with remanufacturing and disposal

In this paper we analyse an ( s, Q) inventory model in which used products can be remanufactured to new ones. We develop two approximations for the average costs and compare their performance with that of an approximation suggested by Muckstadt and Isaac. Next we extend the model with the option to...

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Bibliographic Details
Published inInternational journal of production economics Vol. 46; no. 1; pp. 339 - 350
Main Authors van der Laan, Erwin, Dekker, Rommert, Salomon, Marc, Ridder, Ad
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.12.1996
Elsevier
Elsevier Sequoia S.A
SeriesInternational Journal of Production Economics
Subjects
Economic models
Economic theory
Inventory
Inventory control
Manufacturing
Optimisation
Optimization
Recycling
Studies
Optimisation
Inventory
Manufacturing
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Summary:In this paper we analyse an ( s, Q) inventory model in which used products can be remanufactured to new ones. We develop two approximations for the average costs and compare their performance with that of an approximation suggested by Muckstadt and Isaac. Next we extend the model with the option to dispose returned products and present a heuristic optimisation procedure which is checked with full enumeration.
ISSN:0925-5273
1873-7579
DOI:10.1016/0925-5273(95)00020-8