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We consider two reverse logistics systems where returned products are as good as new. For the first system, the product return flow is independent of the demand flow. We prove that the optimal policy is of base-stock type and we establish monotonicity results for the optimal base-stock levels,...
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We consider a make-to-stock supplier that operates a production facility with limited capacity. The supplier receives orders from customers belonging to several demand classes. Some of the customer classes share advance demand information with the supplier by announcing their orders ahead of...
Persistent link: https://www.econbiz.de/10009218757
We consider a production-inventory system that consists of n stages. Each stage has a finite production capacity modelled by an exponential server. The downstream stage faces a Poisson demand. Each stage receives returns of products according to independent Poisson processes that can be used to...
Persistent link: https://www.econbiz.de/10010616928