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Abstract

A new model of inventory control with returns is considered, when it is possible for consumers to return (under certain conditions) the products they have purchased. It proved to be that the optimal inventory control strategy in such a system turns out to be four-level.

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Notes

  1. 1.

    In [4] the inventory control model with returns was called “fantasy”.

  2. 2.

    This statement will be proved in the next section.

References

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  5. Mandel, A., Laptin, V.: Myopic channel switching strategies for stationary mode: threshold calculation algorithms. In: Vishnevskiy, V.M., Kozyrev, D.V. (eds.) DCCN 2018. CCIS, vol. 919, pp. 410–420. Springer, Cham (2018). https://doi.org/10.1007/978-3-319-99447-5_35

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  6. Mandel, A.S., Laptin, V.A.: Channel switching threshold strategies for multichannel controllable queuing systems. In: Vishnevskiy, V.M., Samouylov, K.E., Kozyrev, D.V. (eds.) DCCN 2020. CCIS, vol. 1337, pp. 259–270. Springer, Cham (2020). https://doi.org/10.1007/978-3-030-66242-4_21

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  7. Karlin, S.: Mathematical Methods and Theory in Games, Programming, and Economics. Addison-Wesley Publishing Company, New York (1959)

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Mandel, A., Granin, S. (2021). Multi-step Problem of Inventory Control with Returns. In: Dolgui, A., Bernard, A., Lemoine, D., von Cieminski, G., Romero, D. (eds) Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems. APMS 2021. IFIP Advances in Information and Communication Technology, vol 630. Springer, Cham. https://doi.org/10.1007/978-3-030-85874-2_55

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  • DOI: https://doi.org/10.1007/978-3-030-85874-2_55

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-85873-5

  • Online ISBN: 978-3-030-85874-2

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