Title

Modeling Total Cost Of Ownership Utilizing Interval-Based Reliable Simulation Technique In Reverse Logistics Management

Keywords

Interval analysis; Probability bound analysis; Reverse logistics; Total cost of ownership

Abstract

Reverse logistics involving closed-loop supply chains in various industry sectors has received growing attention throughout this decade. Reverse logistics considers several channels of reverse material flows from customers to suppliers. The value of product returns now exceeds $100 billion annually in the United States. However, only a small fraction of the returned product value is recaptured by manufacturers. In this paper, the total cost of ownership problem is studied based on a general supply chain framework. An interval-based simulation model is developed to improve robustness when high uncertainties are involved.

Publication Date

12-1-2007

Publication Title

IIE Annual Conference and Expo 2007 - Industrial Engineering's Critical Role in a Flat World - Conference Proceedings

Number of Pages

523-529

Document Type

Article; Proceedings Paper

Personal Identifier

scopus

Socpus ID

44949142916 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/44949142916

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