Paper Title:
Study on the Bounded Inventory Model with Returning Items and Disposals
  Abstract

This paper addresses a dynamic lot sizing problem with mixed returning items and disposals and bounded inventory. The returning items mean that returns are in good enough condition to re-enter the inventory supply stream. The producing, the holding, backlogging and disposals cost functions are concave cost functions. Furthermore, backlogging level and inventory level at each period is limited. The goal is to minimize the total cost of production, inventory holding/backlogging and disposal. A dynamic programming algorithm with complexity O(T3) is developed to solve this model, where T is the length of the planning horizon.

  Info
Periodical
Advanced Materials Research (Volumes 102-104)
Edited by
Guozhong Chai, Congda Lu and Donghui Wen
Pages
920-925
DOI
10.4028/www.scientific.net/AMR.102-104.920
Citation
N. M. Wang, Z. W. He, L. Y. Sun, "Study on the Bounded Inventory Model with Returning Items and Disposals", Advanced Materials Research, Vols. 102-104, pp. 920-925, 2010
Online since
March 2010
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Price
$32.00
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