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Optimal ordering decisions with returns and excess inventory |
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| Authors: | Hui-Ming Teng Ping-Hui HsuYufang Chiu Hui Ming Wee |
| Institution: | a Department of Business Administration, Chihlee Institute of Technology, Banciao, New Taipei city, Taiwan b Department of Business Administration, De Lin Institute of Technology, Tu-Cheng, New Taipei city, Taiwan c Department of Industrial and System Engineering, Chung Yuan Christian University, Chungli, Taiwan |
| Abstract: | Recycling is one of the most efficient ways to protect our environment. In recent years, inventory management with product returns has drawn attention from many researchers. This study considers a two-echelon inventory system with returns and shortage backordering, and its objective is to minimize the total cost of the system. In addition, we examine a situation when stock increases will result in more consumption. Numerical examples are provided to illustrate the theory. |
| Keywords: | Two-echelon inventory Returns Backordering Excess inventory Shortage demand |
| 本文献已被 ScienceDirect 等数据库收录！ | |