Cardiff University | Prifysgol Caerdydd ORCA
Online Research @ Cardiff 
WelshClear Cookie - decide language by browser settings

The impact of information sharing, random yield, correlation, and lead times in closed loop supply chains

Hosoda, Takamichi, Disney, Stephen Michael and Gavirneni, Nagesh 2015. The impact of information sharing, random yield, correlation, and lead times in closed loop supply chains. European Journal of Operational Research 246 (3) , pp. 827-836.

[img]
Preview
PDF - Accepted Post-Print Version
Download (855kB) | Preview

Abstract

We investigate the impact of advance notice of product returns on the performance of a decentralised closed loop supply chain. The market demands and the product returns are stochastic and are correlated with each other. The returned products are converted into “as-good-as-new” products and used, together with new products, to satisfy the market demand. The remanufacturing process takes time and is subject to a random yield. We investigate the benefit of the manufacturer obtaining advance notice of product returns from the remanufacturer. We demonstrate that lead times, random yields and the parameters describing the returns play a significant role in the benefit of the advance notice scheme. Our mathematical results offer insights into the benefits of lead time reduction and the adoption of information sharing schemes.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Centre for Advanced Manufacturing Systems At Cardiff (CAMSAC)
Business (Including Economics)
Subjects: H Social Sciences > HD Industries. Land use. Labor
Additional Information: Available online: 22 May 2015
Publisher: Elsevier
Date of First Compliant Deposit: 30 March 2016
Date of Acceptance: 14 May 2015
Last Modified: 28 Jun 2019 04:32
URI: http://orca-mwe.cf.ac.uk/id/eprint/73360

Citation Data

Cited 22 times in Scopus. View in Scopus. Powered By Scopus® Data

Actions (repository staff only)

Edit Item Edit Item

Downloads

Downloads per month over past year

View more statistics