This paper concerns a disassembly line balancing problem (DLBP) in remanufacturing that aims to allocate a set of tasks to workstations to disassemble a product. We consider two objectives in the same time, i.e., minimising the number of workstations required and minimising the operating costs. A common approach to such problems is to covert the multiple objectives into a single one and solve the resulting problem with either exact or heuristic methods. However, the appropriate weights must be determined a priori, yet the results provide little insight on the trade-off between competing objectives. Moreover, DLBP problems are proven NP-complete and thus the solvable instances by exact methods are limited. To this end, we formulate the problem into a multi-objective dynamic program and prove the monotonicity property of both objective functions. A backward recursive algorithm is developed to efficiently generate all the non-dominated solutions. The numerical results show that our proposal is more efficient than alternative exact algorithms proposed in the literature and can handle much larger problem instances.