An optimal ordering and recovery policy for reusable items
Computers and Industrial Engineering - Supply chain management
Closed-Loop Supply Chain Models with Product Remanufacturing
Management Science
Computers and Industrial Engineering
Computers & Mathematics with Applications
Multi-product production quantity model with repair failure and partial backordering
Computers and Industrial Engineering
Inventory control with products returns: a state of the art overview
SpringSim '10 Proceedings of the 2010 Spring Simulation Multiconference
Expert Systems with Applications: An International Journal
Sequential and global optimization for a closed-loop deteriorating inventory supply chain
Mathematical and Computer Modelling: An International Journal
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Previous researchers have developed ways of managing forward-oriented supply chains, and gave insight to solve single-stage inventory systems. In this study, we analyze an inventory system with traditional forward-oriented material flow as well as a reverse material flow supply chain. In the reverse material flow, the used products are returned, remanufactured and shipped to the retailer for resale. A multi-echelon inventory system with remanufacturing capability is proposed. We then develop a closed-loop supply chain inventory model and maximize the joint profits of the supplier, the manufacturer, the third-party recycle dealer and the retailer under contractual design. The analytical results of this study show a significant increase in the joint profit when the integrated policy is adopted.