Inventory strategies for systems with fast remanufacturing

Abstract

We describe hybrid manufacturing/remanufacturing systems with a longlead time for manufacturing and a short lead time for remanufacturing.We review the classes of inventory strategies for hybrid systems inthe literature. These are all based on equal lead times. For systemswith slow manufacturing and fast remanufacturing, we propose a newclass. An extensive numerical experiment shows that the optimalstrategy in the new class almost always performs better and often muchbetter than the optimal strategies in all other classes.logistics;remanufacturing;stochastic inventory control