Optimizing the selection of product recovery options

Author

Lamsali, H. ; Liu, Jiyin

Author_Institution

Loughborough Univ., Loughborough, UK

fYear

2008

fDate

8-11 Dec. 2008

Firstpage

1704

Lastpage

1708

Abstract

This paper investigates the problem of optimizing product recovery options within the reverse logistic context. A linear programming model is developed to find optimal allocation of returned products in different quality classes to certain recovery options. The objective is to maximize the profit. Qualities and quantities of returned products, demands, prices of the recovered products and costs for recovery are all considered in the model. The model is used to examine the effects of flexibility in product recovery allocation. Computation results show that flexible allocation between the returned products in different quality classes and the recovery options are beneficial.

Keywords

linear programming; profitability; quality management; recycling; reverse logistics; linear programming model; optimal returned product allocation; product recovery allocation; product recovery option optimization; profit maximization; returned product quality; returned product quantity; reverse logistic; Costs; Law; Linear programming; Manufacturing; Portfolios; Production planning; Recycling; Resource management; Reverse logistics; Stochastic processes; Reverse logistics; linear programming; product recovery options;

fLanguage

English

Publisher

ieee

Conference_Titel

Industrial Engineering and Engineering Management, 2008. IEEM 2008. IEEE International Conference on

Conference_Location

Singapore

Print_ISBN

978-1-4244-2629-4

Electronic_ISBN

978-1-4244-2630-0

Type

conf

DOI

10.1109/IEEM.2008.4738163

Filename

4738163