Study on the Bounded Inventory Model with Returning Items and Disposals

Neng Min Wang; Zheng Wen He; Lin Yan Sun

doi:10.4028/www.scientific.net/AMR.102-104.920

Paper Titles

Applied Study on the Mine Production & Management Decision Support System Based on Data Warehouse
p.900

Evaluation on Product Form Image Using Linguistic Variables Based Fuzzy Analytic Hierarchy Process
p.905

Problems and Countermeasures of the Quality-Tracing Based on Lot Numbers in Manufacture
p.910

A Theoretical Architecture for Regional Manufacturing System
p.915

Study on the Bounded Inventory Model with Returning Items and Disposals
p.920

Knowledge-Based Web Service Environment for 3D Visualization
p.926

NC Tool Selection System Based on Process Features of Part
p.931

Communication Systems for Factory Automation: A Design Approach Based on MMS and WSs Technologies
p.936

Research and Realize on Rental Service System for ASP Software Based on the IPS²
p.941

HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 102-104Study on the Bounded Inventory Model with...

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.