Study on Inventory Control Model of Reverse Logistics for Products in Declining Period

Author

Peng, Baoling ; Pan, Yu ; Pan, Fang

Author_Institution

Coll. of Manage. Sci. & Eng., Nanjing Univ. of Technol., Nanjing, China

fYear

2009

fDate

6-7 June 2009

Firstpage

156

Lastpage

159

Abstract

Reverse logistics essence and the important role of inventory control in reverse logistics are systemic studied, based on traditional inventory models, reverse logistics is introduced. According to particularity of products in declining period, using the technique of product life cycle; systems engineering; stochastic process and mathematical modeling, a mathematical model is constructed that demand and return both obey the Poisson distribution and they are independent of each other; part of returns are discarded. Then the mathematical model above is solved.

Keywords

Poisson distribution; reverse logistics; stochastic processes; stock control; Poisson distribution; declining period; inventory control model; mathematical model; mathematical modeling; product life cycle; reverse logistics; stochastic process; systems engineering; Conference management; Educational institutions; Electronic commerce; Electronics industry; Inventory control; Inventory management; Manufacturing; Mathematical model; Reverse logistics; Stochastic processes; control model; inventory; reverse logistics;

fLanguage

English

Publisher

ieee

Conference_Titel

Electronic Commerce and Business Intelligence, 2009. ECBI 2009. International Conference on

Conference_Location

Beijing

Print_ISBN

978-0-7695-3661-3

Type

conf

DOI

10.1109/ECBI.2009.23

Filename

5189508