E. Angun
This study considers a multi-component, multi-product, periodic-review (re)assemble-to-order system that uses an independent base-stock policy for the inventory replenishment of each component. The ordering of the events is as follows: At the beginning of each period, end-of-lease cores are returned, and they are tested, graded, and sorted. Then, the random, jointly and continuously distributed demands for the products are realized. Furthermore, it is required that each product demand is satisfied within its time window. This problem is modeled through a multistage stochastic programming model considering the lifetime diagram of that specific product. Standard solution procedures are applied, but many numerical results in addition to managerial insights are provided.
Keywords: stochastic optimization; simulation optimization; reverse logistics
Scheduled
TD2 Supply Chain Management
May 31, 2016 3:00 PM
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