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- W2034238198 abstract "A number of organizations sell products in containers that can be reused. The time from issue to return of an individual container is usually not known with certainty and there is a chance that the container is never returned (because of loss or irrepairable damage). Consequently, even under a level demand pattern new containers must be acquired from time to time. In this paper a purchasing policy of these new containers is determined for a finite time horizon so as to minimize the total purchasing and expected carrying costs under a prescribed service level. The associated stochastic model is reduced to a deterministic, dynamic lot-sizing problem with possible occurrence of negative net demand (demand minus return). A transformation into the usual nonnegative demand case allows us to apply well-known deterministic lot-sizing procedures to obtain the solution." @default.
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- W2034238198 date "1989-12-01" @default.
- W2034238198 modified "2023-10-18" @default.
- W2034238198 title "Purchasing Policy of New Containers Considering the Random Returns of Previously Issued Containers" @default.
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- W2034238198 doi "https://doi.org/10.1080/07408178908966241" @default.
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