Optimal control of a one product recovery system with backlogging

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Abstract

In this paper a product recovery system for one product is investigated. The system contains one inventory for returned and recoverable items and one for serviceable items. Demands are satisfied from serviceable inventory where backlogging of demands is allowed. In addition, there is the possibility of disposal for the returned products. We assume deterministic but dynamic return and demand rates and a linear cost structure. The Pontryagin maximum principle is used to determine the optimal production, remanufacturing and disposal policy.

Original languageEnglish
Pages (from-to)189-207
Number of pages19
JournalIMA Journal of Mathematics Applied in Business and Industry
Volume11
Issue number3
DOIs
StatePublished - Jul 2000
Externally publishedYes

Keywords

  • Deterministic inventory model
  • Dynamic demands
  • Optimal control
  • Pontryagin maximum principle
  • Recovery system
  • Remanufacturing

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