News: Setting the holding cost rates in a two-product system with remanufacturing
This paper analyzes a two-product system with joint manufacturing and remanufacturing.
Tuesday, 26th February 2008
In such a system the end-product stock contains both manufactured and remanufactured products, while the remanufacturable stock may contain products of different quality. Due to its complex structure, the valuation of inventories at the various stocking points is ambiguous. For two cases regarding quality differentiation we determine holding cost rates such that the outcomes of a net present value approach and an average cost approach are approximately equivalent. We show how the correct holding cost rates deviate from traditional valuation methodology and demonstrate its impact on operational performance. These academic papers are available to purchase through Sciencedirect.com, usually at US$30 each. To do this, it is necessary to register via the weblink given.
CER to open SPARK Workshop on Circular Economy
David Fitzsimons, in his capacity as director of the European Remanufacturing Council (CER), will be opening a SPARK workshop event in Cardiff on 28th March.
CRR to facilitate at G7 Resource Efficiency Alliance inspired workshop in Brussels
David Parker and Edward Sims will be facilitating sessions of the EC / IRP Workshop in Brussels on 7 and 8 February on 'Promoting Remanufacturing, Refurbishment, Repair, and Direct Reuse'