Abstract

This paper deals with the product acquisition control problem and considers returned product quality with two types of classes. 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 given to show the implementation of the methodology.

Notes

Originally published in the Proceedings of the 2010 Northeast Decision Sciences Institute Conference, Alexandria, Virginia, March 26-28, 2010 (CD-ROM)

Keywords

Markov Decision Process, Reverse Supply Chains

Disciplines

Industrial Engineering | Mechanical Engineering

Publisher

Northeast Decision Sciences Institute

Publication Date

2010

Rights Information

Copyright 2010, Surendra M. Gupta

Rights Holder

Surendra M. Gupta

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