This paper deals with the product acquisition problem and considers returned product quality. The system includes the flow of the product returns from customers to the factory as well as the forward flow of the sales. We formulate the acquisition problem together with product quality and stochastic demand using the Markov decision process. A numerical example is considered to show the implementation of the methodology.
End of life products, Product acquisition
Recycling (Waste (etc.))
Copyright 2008, Surendra M. Gupta
Gupta M. Surendra
Gupta, Surendra M. and Nakashim, Kenichi, "Optimal ordering policy for product acquisition in a remanufacturing system" (2008). . Paper 85. http://hdl.handle.net/2047/d10013623
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