Modelling product returns in inventory control - exploring the validity or general assumptions
2001-10-31
Research Paper
This publication is part of collection
| Related Files |
|---|
View PDF Version
(feweco20011031110215.pdf, 1.3MB) |
|
Redirect to isReplacedBy
(isReplacedBy.url.txt, 32 bytes) |
The literature on stochastic models for inventory control with product returns commonly makes the following simplifying assumptions: demand and returns are each a homogeneous (compound) Poisson process, and the processes are independent of each other. In this paper we explore the validity of these assumptions by analysing real data on return flows. In addition, we discuss practical implications of our findings and we provide insights on information management for inventory systems with return flows.
Keywords
Automatically Extracted Terms
- ~ ~
- process
- poisson
- ~ |
- return
- poisson process
- ~ x y
- z z z
- z y x
- r q p
- | ~
- ~ ~ y
- ~ z z
- ~ z y
- | |
- rate idem idem
- p t h
- i j k
- g b ie
- c h i
