dc.contributor.author | Hosoda, T | |
dc.contributor.author | Disney, SM | |
dc.date.accessioned | 2019-09-10T09:15:04Z | |
dc.date.issued | 2017-07-08 | |
dc.description.abstract | We investigate the dynamics of a closed-loop supply chain with first-order auto-regressive (AR(1)) demand and return processes. We assume these two processes are cross-correlated. The remanufacturing process is subject to a random triage yield. Remanufactured products are considered as-good-as-new and used to partially satisfy market demand; newly manufactured products make up the remainder. We derive the optimal linear policy in our closed-loop supply chain setting to minimise the manufacturer's inventory costs. We show that the lead-time paradox can emerge in many cases. In particular, the auto- and cross-correlation parameters and variances of the error terms in the demand and the returns, as well as the remanufacturing lead time, all influence the existence of the lead-time paradox. Finally, we propose managerial recommendations for manufacturers. | en_GB |
dc.description.sponsorship | JSPS KAKENHI | en_GB |
dc.identifier.citation | Vol. 269 (1), pp. 313 - 326 | en_GB |
dc.identifier.doi | 10.1016/j.ejor.2017.07.020 | |
dc.identifier.grantnumber | 25380475 | en_GB |
dc.identifier.uri | http://hdl.handle.net/10871/38627 | |
dc.language.iso | en | en_GB |
dc.publisher | Elsevier | en_GB |
dc.rights | © 2017. This version is made available under the CC-BY-NC-ND 4.0 license: https://creativecommons.org/licenses/by-nc-nd/4.0/ | en_GB |
dc.subject | Supply chain management | en_GB |
dc.subject | Closed-loop supply chain | en_GB |
dc.subject | Vector auto-regressive process | en_GB |
dc.subject | Order-up-to policy | en_GB |
dc.subject | Random yield | en_GB |
dc.title | A unified theory of the dynamics of closed-loop supply chains | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2019-09-10T09:15:04Z | |
dc.identifier.issn | 0377-2217 | |
dc.description | This is the author accepted manuscript. The final version is available from Elsevier via the DOI in this record | en_GB |
dc.identifier.journal | European Journal of Operational Research | en_GB |
dc.rights.uri | http://www.rioxx.net/licenses/all-rights-reserved | en_GB |
dcterms.dateAccepted | 2017-07-02 | |
rioxxterms.version | AM | en_GB |
rioxxterms.licenseref.startdate | 2017-07-02 | |
rioxxterms.type | Journal Article/Review | en_GB |
refterms.dateFCD | 2019-09-10T09:13:29Z | |
refterms.versionFCD | AM | |
refterms.dateFOA | 2019-09-10T09:15:08Z | |
refterms.panel | C | en_GB |