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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
In [4] the inventory control model with returns was called “fantasy”.
- 2.
This statement will be proved in the next section.
References
Hadley, G; Whitin, T.M.: Analysis of Inventory Systems. Prentice-Hall, Inc. Englewood Clifs, New Jersey (1963)
Pervozvansky, A.: Mathematical Models of Inventory and Production Control. Science Publ. House, Moscow (in Russian, 1975)
Lototsky, V., Mandel, A.: Inventory Control Models and Methods. Science Publ. House, Moscow (in Russian, 1992)
Mandel, A., Granin, S.: Investigation of analogies between the problems of inventory control and the problems of the controlled queuing systems. In: Proceedings of the 11th International Conference “Management of Large-Scale System Development” (MLSD), Moscow, pp. 1–4. IEEE (2018). https://doi.org/10.1109/MLSD.2018.855185
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
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
Karlin, S.: Mathematical Methods and Theory in Games, Programming, and Economics. Addison-Wesley Publishing Company, New York (1959)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 IFIP International Federation for Information Processing
About this paper
Cite this paper
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
Download citation
DOI: https://doi.org/10.1007/978-3-030-85874-2_55
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-85873-5
Online ISBN: 978-3-030-85874-2
eBook Packages: Computer ScienceComputer Science (R0)