Title :
Research on reverse logistics-oriented multisources inventory control model
Author :
Dong, J.F. ; Wang, L.H. ; Wang, J.X.
Author_Institution :
Dept. of Eng. & Technol., Northeast Forest Univ., Harbin, China
Abstract :
To improve enterprise inventory control strategy and optimize control parameters of inventory including external and interior reverse logistics, through applying periods´ inventory checking strategy, a multi-sources inventory control model helpful to simulate the real logistics operations was proposed. Based on the arrival time of returned products following Poisson distribution, the returns production with lot-size processing method and the nonzero lead time of manufacturing/remanufacturing, a rational cost function of inventory control was established. Then the genetic algorithm was used to solve the inventory cost function so as to obtain the optimum solution of inventory checking periods, safe inventory point, production lot-sizes and processing lot-sizes of returns production. An example was presented to prove the feasibility and validity of the proposed method, and the proposed model can help the enterprises to implement multisources inventory control strategy.
Keywords :
Poisson distribution; genetic algorithms; lot sizing; reverse logistics; stock control; Poisson distribution; enterprise inventory control strategy; genetic algorithm; inventory checking periods; inventory checking strategy; inventory cost function; lot-size processing method; multisources inventory control model; production lot-sizes; remanufacturing nonzero lead time; returned products arrival time; reverse logistics; safe inventory point; Cost function; Economic forecasting; Environmental economics; Inventory control; Manufacturing processes; Optimal control; Power generation economics; Production; Reverse logistics; Virtual manufacturing; Inventory control; lead time; periodic inventory checking; reverse logistics;
Conference_Titel :
Industrial Engineering and Engineering Management, 2009. IE&EM '09. 16th International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4244-3671-2
Electronic_ISBN :
978-1-4244-3672-9
DOI :
10.1109/ICIEEM.2009.5344378