Abstract
In this paper, we study a remanufacturing inventory system with non-identical lead times. We prove that a constant-order (L, U) threshold policy, which manufactures a constant amount of new products in each period and then disposes/remanufactures returned products based on two threshold levels, is asymptotically optimal as the manufacturing lead time grows large. It is considerably simpler to interpret and implement the proposed constant-order (L, U) threshold policy than the complex optimal policy.
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