A multi-commodity location-inventory problem in a closed-loop supply chain with commercial product returns.
CLOSED loop systems
International Journal of Production Research; Nov2020, Vol. 58 Issue 22, p6899-6916, 18p, 2 Diagrams, 12 Charts, 3 Graphs
Commercial product returns represent a growing financial and operational concern for many firms, and they consist of true and false failure returns in the real-world business. This paper studies a joint location-inventory problem in a closed-loop system by considering multi-commodity flows and commercial product returns. First, this problem is formulated as a mixed-integer nonlinear programming model. Next, a novel heuristic method based on differential evolution is designed to solve this model efficiently. Finally, numerical experiments and results are presented to validate the solution approach and provide meaningful managerial insights for business managers to improve their supply chain practice in a closed-loop system with false failure returns. [ABSTRACT FROM AUTHOR]
Copyright of International Journal of Production Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)