News: A note on: Developing an exact solution for an inventory system with product recovery
In this article, we revisit the paper by Teunter, R.H. [2004. Lot-sizing for inventory systems with product recovery.
Thursday, 28th February 2008
Computers and Industrial Engineering 46 (3), 431Ė441]. The solution algorithm proposed there, is partly heuristic and so it leads to an approximate policy. Computational experience shows that this algorithm behaves very well and gives, in many cases, results close to the optimum. The optimization algorithm proposed in this article leads to the exact optimal policy within a specific class of policies. 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.
Remanufacturing Industries Council Announces Historic Alliance of Remanufacturing Organizations
PRESS RELEASE: ‚Äč‚ÄčThe Remanufacturing Industries Council (RIC) has signed a memorandum of understanding (MoU) with four remanufacturing business associations, each representing a different sector within the remanufacturing industry.
Reconditioned Devices: Potential Regulatory Changes Create Tension Between Third-Party Entities, OEMs
Peter Ohanian of the Halloran Consulting Group highlights potential regulatory changes in the US that could affect medical device refurbishers
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"