Optimal cost control policy for product recovery in closed-loop supply chains

K. Nakashima, A. P.S. Loomba

研究成果: Conference contribution

抄録

A good closed-loop supply chain program can be a differentiator and offer a means of gaining market advantage. From an macro-level perspective, a value chain strategy for an organization or industries includes closed-loop supply chains in which reverse chain activities (reuse, repair, refurbishing, recycling, remanufacturing, or redesign of returned products from the end user) and effective reserve chain operations may create additional competitive advantages for the firm. This paper deals with cost management problem of a remanufacturing system with stochastic variability such as demand. We model the system with consideration for production and ordering quantity as a time average Markov Decision Process (MDP). It is assumed that the cost function is composed of various cost factors such as holding, backlog and some kinds of manufacturing costs etc. We obtain the optimal production and ordering policy that minimizes the expected average cost per period. Numerical results show the implementation of the methodology.

本文言語English
ホスト出版物のタイトル21st International Conference on Production Research
ホスト出版物のサブタイトルInnovation in Product and Production, ICPR 2011 - Conference Proceedings
編集者Tobias Krause, Dieter Spath, Rolf Ilg
出版社Fraunhofer-Verlag
ISBN(電子版)9783839602935
出版ステータスPublished - 2011
外部発表はい
イベント21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Stuttgart, Germany
継続期間: 2011 7 312011 8 4

出版物シリーズ

名前21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Conference Proceedings

Other

Other21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011
国/地域Germany
CityStuttgart
Period11/7/3111/8/4

ASJC Scopus subject areas

  • 制御およびシステム工学
  • コンピュータ サイエンスの応用
  • 産業および生産工学

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