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The Value of Product Life-Cycle for Deteriorating Items in a Closed Loop Under the Reverse Logistics Operations

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Proceedings of the Second International Conference on Soft Computing for Problem Solving (SocProS 2012), December 28-30, 2012

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 236))

Abstract

Owing to its strategic implications, reverse logistics has received much attention in recent years. Growing green concerns and advancement of reverse logistics concepts make it all the more relevant who can be achieved through the End-of-Life (EoL) treatment. In the proposed model, we develop a production inventory model with the reverse flow of the material. Here we determined the value of product life cycle with EoL scenario where the reverse logistics operations deal with the collection, sorting, cleaning, dissembling, and remanufacturing of the buyback products. The purpose of this paper is to develop an effective and efficient management of product remanufacturing. As a result, in this article, we establish a mathematical formulation of the model to determine the optimal payment period and replenishment cycle. Illustrative examples, which explain the application of the theoretical results as well as their numerical verifications, are also given. Finally, the sensitivity analysis is reported.

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Authors and Affiliations

  1. D. N. College, Meerut, India

    S. R. Singh & Neha Saxena

Authors
  1. S. R. Singh
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  2. Neha Saxena
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Corresponding author

Correspondence to Neha Saxena .

Editor information

Editors and Affiliations

  1. Institute of Engineering and Technology, JK Lakshmipat University, Jaipur, Rajasthan, India

    B. V. Babu

  2. Department of Computer Science, Liverpool Hope University, Liverpool, United Kingdom

    Atulya Nagar

  3. Department of Mathematics, Indian Institute of Technology Roorkee, Roorkee, Uttarakhand, India

    Kusum Deep

  4. Department of Paper Technology, Indian Institute of Technology Roorkee, Roorkee, India

    Millie Pant

  5. Department of Applied Mathematics, South Asian University, New Delhi, India

    Jagdish Chand Bansal

  6. Institute of Engineering and Technology, JK Lakshmipat University, Jaipur, Rajasthan, India

    Kanad Ray

  7. Institute of Engineering and Technology, JK Lakshmipat University, Jaipur, Rajasthan, India

    Umesh Gupta

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Singh, S.R., Saxena, N. (2014). The Value of Product Life-Cycle for Deteriorating Items in a Closed Loop Under the Reverse Logistics Operations. In: Babu, B., et al. Proceedings of the Second International Conference on Soft Computing for Problem Solving (SocProS 2012), December 28-30, 2012. Advances in Intelligent Systems and Computing, vol 236. Springer, New Delhi. https://doi.org/10.1007/978-81-322-1602-5_42

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  • DOI: https://doi.org/10.1007/978-81-322-1602-5_42

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  • Publisher Name: Springer, New Delhi

  • Print ISBN: 978-81-322-1601-8

  • Online ISBN: 978-81-322-1602-5

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