Dynamic Product Acquisition in Closed Loop Supply Chains
Schlagworte:Reverse logistics, Supply chain management, Inventory, Pricing, Optimal control
We consider a closed loop supply chain where demands can either be satisfied from manufacturing new products or by buying back used products from customers and upgrading their functionality by remanufacturing. Product life cycles and seasonal aspects are modeled within a continuous time framework. The manufacturing and remanufacturing policies as well as buy back strategies for used products are determined by an optimal control approach.
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