Abstract

http://ssrn.com/abstract=370876
 
 

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An Inventory Model with Dependent Product Demands and Returns


Gudrun Kiesmüller


Eindhoven University of Technology (TUE) - Faculty of Technology Management

E. Van der Laan


Erasmus University Rotterdam (EUR) - Department of Decision and Information Sciences; Erasmus Research Institute of Management (ERIM)

27 2001 3,

ERIM Report Series Reference No. ERS-2001-16-LIS

Abstract:     
In this paper an inventory model for a single reusable product is investigated,in which the random returns depend explicitly on the demand stream. Further,the model distinguishes itself from most other research in this field by consideringleadtimes and a finite planning horizon. We show that neglecting the dependencybetween demands and returns of products may lead to bad performance with respectto total average relevant costs. Additionally, our results enable us to determine theminimal recovery probability or the minimal length of the planning horizon forwhich reuse is profitable.

Number of Pages in PDF File: 30

Keywords: reusable products, remanufacturing, order-up-to policy, Markov Chain

JEL Classification: M, M11, R4

working papers series


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Date posted: February 10, 2003  

Suggested Citation

Kiesmüller, Gudrun and van der Laan, E., An Inventory Model with Dependent Product Demands and Returns (27 2001 3,). ERIM Report Series Reference No. ERS-2001-16-LIS. Available at SSRN: http://ssrn.com/abstract=370876

Contact Information

Gudrun Kiesmüller (Contact Author)
Eindhoven University of Technology (TUE) - Faculty of Technology Management ( email )
Erwin A. Van der Laan
Erasmus University Rotterdam (EUR) - Department of Decision and Information Sciences ( email )
RSM Erasmus University
PO Box 1738
3000 DR Rotterdam
Netherlands
Erasmus Research Institute of Management (ERIM) ( email )
P.O. Box 1738
3000 DR Rotterdam
Netherlands
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