Abstract
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.
Keywords
End of life products, Product acquisition
Subject Categories
Recycling (Waste (etc.))
Disciplines
Engineering
Publisher
Omnipress
Publication Date
2008
Rights Information
Copyright 2008, Surendra M. Gupta
Rights Holder
Gupta M. Surendra
Permanent URL
Recommended Citation
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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Notes
Originally published in the Proceedings of the 2008 Northeast Decision Sciences Institute Conference, Brooklyn, New York, March 28-30, 2008 (CD-ROM)