Modeling returns of merchandise in an inventory system

被引：28

作者：

Yuan X.-M. ^{[1
]}

Cheung K.L. ^{[2
]}

机构：

[1] Institute of Applied Mathematics, Chinese Academy of Sciences

[2] Department of Information and Systems Management, Hong Kong University of Science and Technology, Kowloon, Clear Water Bay

来源：

Operations-Research-Spektrum | 1998年 / 20卷 / 3期

关键词：

Inventory; Returns; Stochastics;

D O I：

10.1007/BF01539763

中图分类号：

学科分类号：

摘要：

Returns of merchandise occur commonly in the retail and rental businesses. This paper presents a new continuous review (s,S) inventory system with returns. The system is fairly complicated as its performance is a function of important factors such as demand rate, return time, return rate and replenishment frequency. Based on a Markovian approach, we derive essential operating characteristics of the system, and propose an algorithm to search for the optimal replenishment parameters. The results enable us to obtain valuable insights into the rental system, such as the impact of partial returns. © Springer-Verlag 1998.

引用

页码：147 / 154

页数：7

共 14 条

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