A hybrid two-stock inventory control model for a reverse supply chain

This paper develops an inventory control model for a reverse supply chain with separate serviceable and remanufacturable inventory stock points. Return rate is expressed stochastically as a function of product demand. Variation in demand distribution during product life-cycle is modeled using a new order-up-to replenishment policy incorporating five maximum inventory levels corresponding to five product life cycle stages. A near optimum solution to this problem is sought using a hybrid solution method integrating a discrete event simulation with a meta-heuristic search method. Real data from an Australian case company is utilized to design test experiments for model validation and evaluation.

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  • English

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  • Accession Number: 01532481
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 24 2014 9:29AM