Han Bing
School of Econoics and Management, Daqing Petroleum Institute, Daqing,163318, China
Sun Yanbin
School of Econoics and Management, Daqing Petroleum Institute, Daqing,163318, China
ABSTRACT
Reverse Logistics has received more and more concerns and the inventory management is the key of the process of reverse logistics management. In the light of this, this study researches the inventory problems in the businesses that do the reverse logistics activity. In order to determine the optimal inventory volume, the manufacturing/remanufacturing model is established on the base of some assumptions. The objective in this model is to minimize the total cost per time unit for ordering remanufacturing lots and holding returned and new remanufactured items in stock. Then, the adoption of numerical example shows the effectiveness of this model.
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How to cite this article
Han Bing and Sun Yanbin, 2013. Reverse Logistics Inventory Control. Information Technology Journal, 12: 7762-7765.
DOI: 10.3923/itj.2013.7762.7765
URL: https://scialert.net/abstract/?doi=itj.2013.7762.7765
DOI: 10.3923/itj.2013.7762.7765
URL: https://scialert.net/abstract/?doi=itj.2013.7762.7765
REFERENCES
- Koh, S.G., H. Hwang, K.I. Sohn and C.S. Ko, 2002. An optimal ordering and recovery policy for reusable items. Comput. Ind. Eng., 43: 59-73.
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