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The literature on stochastic models for inventory control with product returns commonly makes the following simplifying assumptions: demand and returns are each a homogeneous (compound) Poisson process, and the processes are independent of each other. In this paper we explore the validity of...
Persistent link: https://www.econbiz.de/10004972253
We consider the Nelder and Mead Simplex Method for the optimization of stochastic simulation models. Existing and new adaptive extensions of the Nelder and Mead simplex method designed to improve the accuracy and consistency of the observed best point are studied. We compare the performance of...
Persistent link: https://www.econbiz.de/10004972258
A maintenance activity carried out on a technical system often involves a system-dependent set-up cost that is the same for all maintenance activities carried out on that system. Grouping activities thus saves costs since execution of a group of activities requires only one set-up. By now, there...
Persistent link: https://www.econbiz.de/10004972263
In this paper we define and compare Reverse Logistics definitions. We start by giving an understanding framework of Reverse Logistics: the why-what-how. By this means, we put in context the driving forces for Reverse Logistics, a typology of return reasons, a classification of products,...
Persistent link: https://www.econbiz.de/10004972264
We develop a framework for automated optimization of stochastic simulation models using Response Surface Methodology. The framework is especially intended for simulation models where the calculation of the corresponding stochastic response function is very expensive or time-consuming. Response...
Persistent link: https://www.econbiz.de/10004972270
In this paper we verify the conditions under which the marginal cost approach of Berg (1980, 1995) holds. As observed by Aven and Dekker (1996) the validity of the marginal cost approach gives rise to a useful framework of single component maintenance optimization models which covers almost all...
Persistent link: https://www.econbiz.de/10004972272
This paper investigates the impact of arrival processes on the ship handling process. Two types of arrival processes are considered: controlled and uncontrolled. Simulation results show that uncontrolled arrivals of ships perform worst in terms of both ship delays and required storage capacity....
Persistent link: https://www.econbiz.de/10005000456
This paper addresses the Rolling Stock Balancing Problem (RSBP). This problem arises at a passenger railway operator when the rolling stock has to be re-scheduled due to changing circumstances. These problems arise both in the planning process and during operations. The RSBP has as input a...
Persistent link: https://www.econbiz.de/10005034769
In this paper we will give an overview of the use of operations research models and methods in the design and operation of container terminals. We will describe the activities that take place at a container terminal and give an overview of the relevant decision problems, both at a strategic,...
Persistent link: https://www.econbiz.de/10005505000
In this paper we consider the role Electronic Commerce plays and can play for Reverse Logistics. After short introductions to electronic commerce and reverse logistics, we give an overview of existing internet sites for reverse logistics. These sites can be classified as electronic markets,...
Persistent link: https://www.econbiz.de/10005450843