@article{8bf1a9c05a554eb2a2facf989b0224d3,
title = "On the non-optimality of the average cost approach for inventory models with remanufacturing",
abstract = "A discussion on the non-optimality of the average cost approach for inventory models with remanufacturing was presented. In the development of discounted cash flow (DCF) model many costs such as manufacturing, remanufacturing, disposal, and holding costs were employed. The use of discount rate times, capital tied up in a product and the out of pocket holding cost rate for reverse logistics inventory models was also analyzed.",
keywords = "Costing, Disposal, Inventory control, Remanufacturing",
author = "Ruud Teunter and {van der Laan}, Erwin",
note = "Funding Information: The research work presented in this paper makes up part of the research on re-use in the context of the EU sponsored TMR project REVersed LOGistics (ERB 4061 PL 97-5650) in which the Otto-von-Guericke Universit{\"a}t Magdeburg (D), the Erasmus University Rotterdam (NL), the Eindhoven University of Technology (NL), INSEAD (F), the Aristoteles University of Thessaloniki (GR), and the University of Piraeus (GR), have taken part. The second author gratefully acknowledges the financial support provided by the Dutch organization for Scientific Research, NWO. Copyright: Copyright 2008 Elsevier B.V., All rights reserved.",
year = "2002",
month = sep,
day = "1",
doi = "10.1016/S0925-5273(00)00085-2",
language = "English",
volume = "79",
pages = "67--73",
journal = "International Journal of Production Economics",
issn = "0925-5273",
publisher = "ELSEVIER SCIENCE BV",
number = "1",
}