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.

Notes

Originally published in the Proceedings of the 2008 Northeast Decision Sciences Institute Conference, Brooklyn, New York, March 28-30, 2008 (CD-ROM)

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



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