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Article: An inventory model with returns and lateral transshipments

TitleAn inventory model with returns and lateral transshipments
Authors
KeywordsInventory Model
Lateral Transshipment
Returns
Reverse Logistics
Steady-State Probability Distribution
Issue Date2003
PublisherPalgrave Macmillan Ltd. The Journal's web site is located at http://www.palgrave-journals.com/jors/index.html
Citation
Journal Of The Operational Research Society, 2003, v. 54 n. 6, p. 636-641 How to Cite?
AbstractIn this paper, we propose a single-item inventory model with returns. The model allows lateral transshipment of returns from one inventory system to another. Each inventory system is under continuous review and an (r, Q) policy is employed as the inventory control. An approximated closed-form solution of the system steady-state probability distribution is derived when Q is large. The approximated inventory cost and replenishment cost can be written in terms of this distribution. We show that the rejection rate of returns is reduced significantly when transshipment of returns is allowed between the inventory systems.
Persistent Identifierhttp://hdl.handle.net/10722/156093
ISSN
2015 Impact Factor: 1.225
2015 SCImago Journal Rankings: 1.026
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChing, WKen_US
dc.contributor.authorYuen, WOen_US
dc.contributor.authorLoh, AWen_US
dc.date.accessioned2012-08-08T08:40:23Z-
dc.date.available2012-08-08T08:40:23Z-
dc.date.issued2003en_US
dc.identifier.citationJournal Of The Operational Research Society, 2003, v. 54 n. 6, p. 636-641en_US
dc.identifier.issn0160-5682en_US
dc.identifier.urihttp://hdl.handle.net/10722/156093-
dc.description.abstractIn this paper, we propose a single-item inventory model with returns. The model allows lateral transshipment of returns from one inventory system to another. Each inventory system is under continuous review and an (r, Q) policy is employed as the inventory control. An approximated closed-form solution of the system steady-state probability distribution is derived when Q is large. The approximated inventory cost and replenishment cost can be written in terms of this distribution. We show that the rejection rate of returns is reduced significantly when transshipment of returns is allowed between the inventory systems.en_US
dc.languageengen_US
dc.publisherPalgrave Macmillan Ltd. The Journal's web site is located at http://www.palgrave-journals.com/jors/index.htmlen_US
dc.relation.ispartofJournal of the Operational Research Societyen_US
dc.subjectInventory Modelen_US
dc.subjectLateral Transshipmenten_US
dc.subjectReturnsen_US
dc.subjectReverse Logisticsen_US
dc.subjectSteady-State Probability Distributionen_US
dc.titleAn inventory model with returns and lateral transshipmentsen_US
dc.typeArticleen_US
dc.identifier.emailChing, WK:wching@hku.hken_US
dc.identifier.authorityChing, WK=rp00679en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1057/palgrave.jors.2601521en_US
dc.identifier.scopuseid_2-s2.0-0038548546en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0038548546&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume54en_US
dc.identifier.issue6en_US
dc.identifier.spage636en_US
dc.identifier.epage641en_US
dc.identifier.isiWOS:000183624500008-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridChing, WK=13310265500en_US
dc.identifier.scopusauthoridYuen, WO=55177480700en_US
dc.identifier.scopusauthoridLoh, AW=36948804500en_US

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