Review the information from Heyman, D. P. 1997 case study - Optimal Disposal Policies for a Single-Item Inventory System with Returns, and pull together the past exercises to develop your methodology and supporting methods to either agree or disagree with the Case Study. Explain your reasoning in an APA style paper of 1-2 pages. Write your Case study in a memorandum format, with a business header, Include the Case Study problem statement;
Heyman analyzes the continuous review inventory control case where incoming used products are disposed of whenever the inventory position reaches a predetermined level. The author assumes zero repair times and does not consider procurement lead times.
Reference:
Heyman, D. P. 1997. Optimal disposal policies for a single item inventory system with returns. Naval Research Logistics Quarterly 24:385- 405.