Inventory Management Policy for Supply Chain Systems with Remanufacturing

Abstract

Abstract:

Abstract： The inventory policy for supply chain systems with remanufacturing was discussed. The existence of (s,S) type optimal inventory policy was proved. Under leadtime scenarios, the theoretical optimal policy is infeasible as a consequence of the lacking of the returning information of products. Data mining within the user phase was executed to solve this problem. Specification of user phase information that served to implementing optimal policy was articulated. Simulation experiments were conducted to verify the optimality of (s,S) type policy and the contribution of user phase information sharing to inventory cost reduction.
Key words：

Key words: remanufacturing, inventory management, procurement policy, user phase information

ZHU Fenga,DONG Mingb,ZHANG Dalia. Inventory Management Policy for Supply Chain Systems with Remanufacturing[J]. Journal of Shanghai Jiaotong University, 2015, 49(04): 558-563.

References

［1］Scarf H. Mathematical methods in social sciences［M］. Stanford:Stanford University Press, 1960.

［2］Veinott A F. On the optimality of (s,S) inventory policies: new conditions and a new proof［J］. SIAM Journal of Applied Mathematics, 1966, 14(5): 10671083.

［3］Zipkin P, Federgruen A. Computational issues in an infinitehorizon, multiechelon inventory model［J］. Operations Research, 1984, 32(4): 818836.

［4］Schrady D A. A deterministic inventory model for repairable items［J］. Naval Research Logistics Quarterly, 1967, 14(3): 391398.

［5］Nahmias S, Rivera H. A deterministic model for a repairable item inventory system with a finite repair rate［J］. International Journal of Production Research, 1979, 17(3): 215221.

［6］Dobos I, Richter K. A production/recycling model with quality consideration［J］. International Journal of Production Economics, 2004, 104(2): 571579.

［7］Van der Lann, Teunter R H. Simple heuristics for push and pull remanufacturing policies［J］. European Journal of Operational research, 2006, 175(2): 10841102.

［8］Simpson V P. Optimum solution structure for a repairable inventory problem［J］. Operations Research, 1978, 26(2): 270281.

［9］Inderfurth K. Simple optimal replenishment and disposal policies for a product recovery system with leadtimes［J］. OR Spektrum, 1997, 19(2): 111122.

［10］Kiesmuller G P. A new approach for controlling a hybrid stochastic manufacturing/remanufacturing system with inventories and different leadtimes［J］. European Journal of Operational Research, 2003, 147(1): 6271.

［11］Ahiska S, King R E. Inventory optimization in a one product recoverable manufacturing system［J］. International Journal of Production Economics, 2010, 124(1): 1119.