Supply planning for a closed loop supply chain with uncertain demand and price-dependent stochastic return

Shi Jianmai; Zhang Guoqing; Keung Lai Kin

doi:10.1109/BIFE.2009.145

Supply planning for a closed loop supply chain with uncertain demand and price-dependent stochastic return

Shi Jianmai
, Zhang Guoqing
, Keung Lai Kin

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

2 Citations (Scopus)

Abstract

This paper considers a single product closed loop supply chain, in which the manufacturer faces an uncertain market demand and price-dependent stochastic returns. There are two options for supplying the products: either producing products by new materials and components, or remanufacturing the recycle products and bringing them back to 'as new' conditions. The problem is to determine the quantities of bran-new and remanufactured products, and the acquisition price for used products so that the manufacturer's total expected profit is maximized. We develop a Nonlinear Programming (NLP) model and present some properties of this problem. With the properties an optimal solution approach is developed. Two numerical examples are used to analyze the problem and test the solution approach. © 2009 IEEE.

Original language	English
Title of host publication	2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009
Pages	616-620
DOIs	https://doi.org/10.1109/BIFE.2009.145
Publication status	Published - 2009
Event	2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009 - Beijing, China Duration: 24 Jul 2009 → 26 Jul 2009

Conference

Conference	2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009
Place	China
City	Beijing
Period	24/07/09 → 26/07/09

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Research Keywords

Newsvendor
Pricing
Supply planning
Uncertain demand
Uncertain return

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10.1109/BIFE.2009.145

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@inproceedings{dd58b7668b594b77901863659373b517,

title = "Supply planning for a closed loop supply chain with uncertain demand and price-dependent stochastic return",

abstract = "This paper considers a single product closed loop supply chain, in which the manufacturer faces an uncertain market demand and price-dependent stochastic returns. There are two options for supplying the products: either producing products by new materials and components, or remanufacturing the recycle products and bringing them back to 'as new' conditions. The problem is to determine the quantities of bran-new and remanufactured products, and the acquisition price for used products so that the manufacturer's total expected profit is maximized. We develop a Nonlinear Programming (NLP) model and present some properties of this problem. With the properties an optimal solution approach is developed. Two numerical examples are used to analyze the problem and test the solution approach. {\textcopyright} 2009 IEEE.",

keywords = "Newsvendor, Pricing, Supply planning, Uncertain demand, Uncertain return",

author = "Shi Jianmai and Zhang Guoqing and Kin, \{Keung Lai\}",

year = "2009",

doi = "10.1109/BIFE.2009.145",

language = "English",

isbn = "9780769537054",

pages = "616--620",

booktitle = "2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009",

note = "2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009 ; Conference date: 24-07-2009 Through 26-07-2009",

}

Jianmai, S, Guoqing, Z & Kin, KL 2009, Supply planning for a closed loop supply chain with uncertain demand and price-dependent stochastic return. in 2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009., 5208808, pp. 616-620, 2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009, Beijing, China, 24/07/09. https://doi.org/10.1109/BIFE.2009.145

Supply planning for a closed loop supply chain with uncertain demand and price-dependent stochastic return. / Jianmai, Shi; Guoqing, Zhang; Kin, Keung Lai.
2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009. 2009. p. 616-620 5208808.

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

TY - GEN

T1 - Supply planning for a closed loop supply chain with uncertain demand and price-dependent stochastic return

AU - Jianmai, Shi

AU - Guoqing, Zhang

AU - Kin, Keung Lai

PY - 2009

Y1 - 2009

N2 - This paper considers a single product closed loop supply chain, in which the manufacturer faces an uncertain market demand and price-dependent stochastic returns. There are two options for supplying the products: either producing products by new materials and components, or remanufacturing the recycle products and bringing them back to 'as new' conditions. The problem is to determine the quantities of bran-new and remanufactured products, and the acquisition price for used products so that the manufacturer's total expected profit is maximized. We develop a Nonlinear Programming (NLP) model and present some properties of this problem. With the properties an optimal solution approach is developed. Two numerical examples are used to analyze the problem and test the solution approach. © 2009 IEEE.

AB - This paper considers a single product closed loop supply chain, in which the manufacturer faces an uncertain market demand and price-dependent stochastic returns. There are two options for supplying the products: either producing products by new materials and components, or remanufacturing the recycle products and bringing them back to 'as new' conditions. The problem is to determine the quantities of bran-new and remanufactured products, and the acquisition price for used products so that the manufacturer's total expected profit is maximized. We develop a Nonlinear Programming (NLP) model and present some properties of this problem. With the properties an optimal solution approach is developed. Two numerical examples are used to analyze the problem and test the solution approach. © 2009 IEEE.

KW - Newsvendor

KW - Pricing

KW - Supply planning

KW - Uncertain demand

KW - Uncertain return

UR - https://www.scopus.com/pages/publications/71049163043

UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-71049163043&origin=recordpage

U2 - 10.1109/BIFE.2009.145

DO - 10.1109/BIFE.2009.145

M3 - RGC 32 - Refereed conference paper (with host publication)

SN - 9780769537054

SP - 616

EP - 620

BT - 2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009

T2 - 2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009

Y2 - 24 July 2009 through 26 July 2009

ER -

Supply planning for a closed loop supply chain with uncertain demand and price-dependent stochastic return

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Research Keywords

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