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2014 | OriginalPaper | Chapter

A Closed Loop Supply Chain Inventory Model for the Deteriorating Items with JIT Implementation

Authors : S. R. Singh, Neha Saxena

Published in: Proceedings of the Third International Conference on Soft Computing for Problem Solving

Publisher: Springer India

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Abstract

In the past recent years, a growing environmental consciousness has been shaping the way society looks on green. Society’s attitude towards environmental issues has been changing and hence recoverable product environments are becoming an increasingly important segment of the overall push in industry. We have proposed a model for the design of a closed loop supply chain with green components. We have investigated a joint economic production quantity model for a single vendor, single buyer system considering lot-splitting. The effect of deterioration is taken into consideration. Here we have assumed that the vendor fulfils the buyer’s demand with the produced and remanufactured units, where the remanufactured items are considered as good as those of new items. Mathematical and numerical analysis are presented to describe the situation.

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Metadata
Title
A Closed Loop Supply Chain Inventory Model for the Deteriorating Items with JIT Implementation
Authors
S. R. Singh
Neha Saxena
Copyright Year
2014
Publisher
Springer India
DOI
https://doi.org/10.1007/978-81-322-1768-8_2

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