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Inventory control for joint manufacturing and remanufacturing

Author: Laan, E. A. van der ; Fleischmann, M. ; Dekker, R.INSEAD Area: Technology and Operations Management Series: Working Paper ; 98/61/TM Publisher: Fontainebleau : INSEAD, 1998.Language: EnglishDescription: 31 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: Product remanufacturing restores used products to an 'as good as new' condition, after which they can be resold as new products. Inventory systems in which remanufacturing and production of new products is integrated, have typical characteristics such that they cannot be treated as traditional systems. This working paper presents a quantitative framework for a one-product, one-component inventory system with joint manufacturing and remanufacturing to obtain insights into the strucuture of optimal control policies.
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Product remanufacturing restores used products to an 'as good as new' condition, after which they can be resold as new products. Inventory systems in which remanufacturing and production of new products is integrated, have typical characteristics such that they cannot be treated as traditional systems. This working paper presents a quantitative framework for a one-product, one-component inventory system with joint manufacturing and remanufacturing to obtain insights into the strucuture of optimal control policies.

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