Motivated by the remanufacturing systems at Daimler AG and other automobile, aerospace and heavy machinery parts dealers/manufacturers, we develop a hybrid manufacturing/remanufacturing system with controlled two-way substitution between new and remanufactured products. We develop Markov...

Many retailers and manufacturers accept product returns from consumers (via money-back guarantees) and retailers (via full-credit return policies) respectively. While the extant literature focuses on either manufacturer or retailer return policies, this paper investigates both return policies...

Motivated by interactions with a major player in the aerospace industry, we consider the relationship between a supplier of specialty material forgings and a buyer that manufactures airplane components by extensively machining down these forgings as per component design specifications. Due to...