Stochastic Inventory Control Model with Manufacturing and Remanufacturing Hybrid System
In recent decades,for the pressure of the environmental legislations,the economical interesting and the conscious of environment,many producers have to take their products back after used.The product tack back (PTB) program would bring economic burden to the producers,while many of the returned products have economic value and could be remanufactured to satisfy the market demand.Inventory management is an essential area in the remanufacturing process.In this paper,we extend the traditional EOQ model to a stochastic EOQ inventory model for product remanufacture.We assume that the return is an independent Poisson process and derive the exact expression of expected average total cost under this strategy.By means of numerical simulation,we find the optimal control parameter under different situation and investigate the effects of different cost parameters on costs.
remanufacture cycle length cost inventory control
Wenji Fan Yihong Ru Yacan Wang Changcheng Yao
Economic and Management SchoolBeijing Jiaotong UniversityBeijing,China Economic and Management School Beijing Jiaotong University Beijing,China
国际会议
北京
英文
2008-10-12（万方平台首次上网日期，不代表论文的发表时间）