Study on the Bounded Inventory Model with Returning Items and Disposals

Abstract:

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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 et al., "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:

$35.00

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