Recovery of used products is receiving much attention recently due to growing environmental concern. Efficient implementation requires appropriate logistics structures to be set up for the arising goods flow from users to producers. We investigate the design of such logistics networks. As a...

Khouja and Park [1] analyze the problem of optimizing the lot size under continuous price decrease. They show that the classic EOQ formula can lead to far from optimal solutions and develop an alternative lot size formula using the software package Mathematica. This formula is more exact, but...

Among both inventory theorists and practitioners, it is common use to include an opportunity cost rate in the holding cost rate. In that way, the cost of capital can be roughly incorporated in an average cost (AC) inventory model. The traditional way for calculating the opportunity cost rate is...

We present a stochastic dynamic programming algorithm for determining the optimal disassembly and recovery strategy, given the disassembly tree, the process-dependent quality distributions of assemblies, and the quality-dependent recovery options and associated profits for assemblies. This...