Value of information in remanufacturing complex products

Ferrer, Geraldo; Ketzenberg, Michael

doi:10.1080/07408170490274223

Cited by 118 publications

(64 citation statements)

References 23 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…However, there are few articles that simultaneously consider inventory management and the value of information. Ferrer and Ketzenberg (2004) consider the value of remanufacturing yield information and compare it to the value of reducing lead times. It appears that the value of yield information can be quite large.…”

Section: Related Literaturementioning

confidence: 99%

Inventory control with product returns: The impact of imperfect information

Brito

Laan

2009

European Journal of Operational Research

View full text Add to dashboard Cite

Product returns are characterized by considerable uncertainty on time and quantity. In the literature on inventory management for product return environments best forecasts of future returns are associated with methods that use the most information regarding product return history. In practice, however, data is often scarce and unreliable, while forecasts based on historical data, reliable or not, are never perfect. In this paper we therefore investigate the impact of imperfect information with respect to the return process on inventory management performance. We show that in the case of imperfect information the most informed method does not necessarily lead to best performance. The results have relevant implications regarding investments in product return information systems.

show abstract

Section: Related Literaturementioning

confidence: 99%

Inventory control with product returns: The impact of imperfect information

Brito

Laan

2009

European Journal of Operational Research

View full text Add to dashboard Cite

show abstract

“…This uncertainty stems from the lack of information flow between early life cycle phases (in particular the use phase) and the remanufacturer. There are three main uncertainties present in remanufacturing systems; the condition (Galbreth and Blackburn, 2010;Guide, 2000), the design and physical structure (Ijomah, 2009), and the timings and quantities of product returns (de Brito and van der Laan, 2009;Ferrer and Ketzenberg, 2004;Inderfurth, 2005).…”

Section: Challenges Of Decision Making For Remanufacturingmentioning

confidence: 99%

A review of the state of the art in tools and techniques used to evaluate remanufacturing feasibility

Goodall

Rosamond

Harding

2014

Journal of Cleaner Production

140

View full text Add to dashboard Cite

“…Thus, one needs heuristic approaches; some are provided by Kiesmueller [53] and Teunter et al [71]. Ferrer and Ketzenberg [25] numerically extend the hybrid one-period model by Ferrer [24] (see §3.2.1) to a multiperiod setting. Ketzenberg et al [52] provide an estimate for the value of information in a hybrid system, where value of information is defined as reduction in inventory costs (holding and shortage) as a result of reducing uncertainty in demand, returns, and remanufacturing yield.…”

Section: Multiperiod/continuous-time Inventory Management Modelsmentioning

confidence: 99%

Closed-Loop Supply Chains with Remanufacturing

Souza

Smith²

2008

State-of-the-Art Decision-Making Tools in the Information-Intensive Age

View full text Add to dashboard Cite

In this tutorial I present an overview of closed-loop supply chains, which are supply chains where there are flows of products (postpurchase) back to manufacturers. Examples include supply chains with consumer returns and leasing options. I start by defining basic terms: differences with respect to forward chains, sources of product returns, disposition options for product returns (scrap, recycling, reuse, cannibalization for spare parts, and remanufacturing), strategic, tactical, and operational issues, along with regulatory and legislative issues. I then provide a brief overview of current practices, particularly regarding the state of remanufacturing in select industries: personal computers and peripherals, B2B information technology equipment, tires, and construction equipment (Caterpillar). I review the extant academic literature on closed-loop supply chains, particularly as it regards to business and management aspects, with less of a focus on environmental practices. Finally, I conclude with some directions for future research.

show abstract

Value of information in remanufacturing complex products

Cited by 118 publications

References 23 publications

Inventory control with product returns: The impact of imperfect information

Inventory control with product returns: The impact of imperfect information

A review of the state of the art in tools and techniques used to evaluate remanufacturing feasibility

Closed-Loop Supply Chains with Remanufacturing

Contact Info

Product

Resources

About