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- W2387533195 abstract "Optimal control of used product inventory in a remanufacturing reverse logistics system was studied.To collect appropriate quantity of used products from users,the buying back policy was adopted,where the returned intensity was controlled by the collection price.Through analyzing the characteristics of return process,a new stochastic inventory control model was proposed,which was aimed to obtain optimal buying back price strategy and then minimize the expectation of total cost.Under the state-feedback control rule,the recursion equation of optimal cost function was obtained,and moreover,the optimal feedback control policy with two state critical values was obtained.Dynamic programming algorithm for the optimal buying back price was given.Finally,the numerical example proved the feasibility of the algorithm,and the sensitivity analysis of parameters was conducted." @default.
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- W2387533195 date "2007-01-01" @default.
- W2387533195 modified "2023-09-26" @default.
- W2387533195 title "Optimal control policy for collecting used products in remanufacturing system" @default.
- W2387533195 hasPublicationYear "2007" @default.
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