Heuristics with guaranteed performance bounds for a manufacturing system with product recovery
Deterministic model of manufacturing system with remanufacturing. Teunter proposed integer-ratio policies: (1,R) and (P,1) policy. We develop a lower bound among all classes of policies. We prove the optimal integer ratio policy is at most 1.5% more than the lower bound.
performance bounds remanufacturing inventory product returns lot sizing and scheduling