A multi-echelon inventory system with returns
Proceedings of the 23rd international conference on on Computers and industrial engineering
Caught between ecology and economy: end-of-life aspects of environmentally conscious manufacturing
Computers and Industrial Engineering - Special issue on o/perational issues in environmentally conscious manufacturing
Issues in environmentally conscious manufacturing and product recovery: a survey
Computers and Industrial Engineering - Special issue on o/perational issues in environmentally conscious manufacturing
Inventory Management of Remanufacturable Products
Management Science
Closed-Loop Supply Chain Models with Product Remanufacturing
Management Science
Supply planning model for remanufacturing system in reverse logistics environment
Computers and Industrial Engineering - Special issue: Logistics and supply chain management
The spatial and temporal consolidation of returned products in a closed-loop supply chain network
Computers and Industrial Engineering - Special issue: Logistics and supply chain management
Optimal Policy for a Multiechelon Inventory System with Remanufacturing
Operations Research
Optimal manufacturing-remanufacturing policies in a lean production environment
Computers and Industrial Engineering
Strategic network design for reverse logistics and remanufacturing using new and old product modules
Computers and Industrial Engineering
Network model and optimization of reverse logistics by hybrid genetic algorithm
Computers and Industrial Engineering
OR FORUM---The Evolution of Closed-Loop Supply Chain Research
Operations Research
Computers and Industrial Engineering
Computers and Industrial Engineering
Evaluating firm's sustainable production indicators in uncertainty
Computers and Industrial Engineering
A production/remanufacturing inventory model with price and quality dependant return rate
Computers and Industrial Engineering
A stochastic model for forward-reverse logistics network design under risk
Computers and Industrial Engineering
Lot sizing for a recoverable product with inspection and sorting
Computers and Industrial Engineering
Computers and Industrial Engineering
Hi-index | 0.00 |
Reverse logistics or closed-loop supply chains where product returns are integrated with traditional forward supply chains have been one of the major topics of research since about the last one and a half decades. In this paper, we address the inventory management issue in closed-loop supply chains, and develop deterministic and stochastic models for a two-echelon system with correlated demands and returns under generalized cost structures. In particular, we address the following questions - Do closed-loop supply chains cost more than traditional forward supply chains? Does a higher rate of return always translate into lower demand variability and hence lower expected costs? What is the relationship between expected costs and correlations between demands and returns? Models developed and numerical examples shown in the paper reveal that although a higher rate of return and a higher correlation between demand and return reduce the variability of net demand, it may not necessarily lead to cost savings; rather the movement of costs will depend on the values of system parameters. We also quantify the cost savings in case the actual demand and return information is available at the time of decision-making. We conclude the paper by providing managerial implications and directions for future research.