Optimal control of a one product recovery system with backlogging

Optimal control of a one product recovery system with backlogging

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Article ID: iaor20013755
Country: United Kingdom
Volume: 11
Issue: 3
Start Page Number: 189
End Page Number: 207
Publication Date: Jul 2000
Journal: IMA Journal of Mathematics Applied in Business and Industry
Authors: , ,
Keywords: control processes
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.

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