Inventory management of remanufacturable products

被引:299
作者
Toktay, LB [1 ]
Wein, LM
Zenios, SA
机构
[1] INSEAD, Technol Management, F-77305 Fontainebleau, France
[2] MIT, Alfred P Sloan Sch Management, Cambridge, MA 02139 USA
[3] Stanford Univ, Grad Sch Business, Stanford, CA 94305 USA
关键词
closed queueing networks; production control; EM algorithms; distributed lag model;
D O I
10.1287/mnsc.46.11.1412.12082
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
We address the procurement of new components for recyclable products in the context of Kodak's single-use camera. The objective is to find an ordering policy that minimizes the total expected procurement, inventory holding, and lost sales cost. Distinguishing characteristics of the system are the uncertainty and unobservability associated with return flows of used cameras. We model the system as a closed queueing network, develop a heuristic procedure for adaptive estimation and control, and illustrate our methods with disguised data from Kodak. Using this framework, we investigate the effects of various system characteristics such as informational structure, procurement delay, demand rate, and length of the product's life cycle.
引用
收藏
页码:1412 / 1426
页数:15
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