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.
20 m litres of leftover paint: UK MPs call on government to support solutions
On Tuesday in Parliament, MPs had a lively debate surrounding how to create a circular economy for leftover decorative paint in the UK. Sponsored by Angela Smith MP, the debate focused on the British Coatings Federation’s (BCF) PaintCare programme.
Closing the loop on the circular economy
Nabil Nasr discusses the role of remanufacturing in the Circular Economy as part of the Ellen MacArthur Foundation's publication: "A New Dynamic 2: Effective Systems In a Circular Economy"