Optimal control of a one product recovery system with leadtimes

Optimal control of a one product recovery system with leadtimes

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Article ID: iaor20032701
Country: Netherlands
Volume: 81/82
Start Page Number: 333
End Page Number: 340
Publication Date: Jan 2003
Journal: International Journal of Production Economics
Authors:
Keywords: remanufacturing
Abstract:

In this paper a recovery system for a single product is investigated. Besides a remanufacturing and a manufacturing facility the system consists of one inventory for returned and recoverable items and one for serviceable items. Demands are satisfied from serviceable inventory, which can be replenished by remanufactured returned items, which are as good as new, or by new produced items. Additionally, there is the possibility of disposing of returned items. We determine the cost optimal manufacturing, remanufacturing and disposal rates for the system under the assumptions of a linear cost structure, a fine planning horizon and deterministic and dynamic demand and return rates. Thereby we study two classes of policies, one where backorders are forbidden and another one where they are allowed. In contrast to the existing literature positive leadtimes are considered.

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