Premium
Economic ordering quantities for recoverable item inventory systems
Author(s) -
Teunter Ruud H.
Publication year - 2001
Publication title -
naval research logistics (nrl)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.665
H-Index - 68
eISSN - 1520-6750
pISSN - 0894-069X
DOI - 10.1002/nav.1030
Subject(s) - economic order quantity , inventory cost , simple (philosophy) , square root , computer science , inventory control , cycle count , holding cost , perpetual inventory , operations management , operations research , mathematics , inventory theory , mathematical optimization , economics , business , supply chain , philosophy , geometry , epistemology , marketing
We study a deterministic EOQ model of an inventory system with items that can be recovered (repaired/refurbished/remanufactured). We use different holding cost rates for manufactured and recovered items, and include disposal. We derive simple square root EOQ formulas for both the manufacturing batch quantity and the recovery batch quantity.