Template-Type: ReDIF-Paper 1.0
Author-Name: de Brito, M.P.
Author-Name-Last: de Brito
Author-Name-First: Marisa
Author-Person: pde45
Author-Name: Dekker, R.
Author-Name-Last: Dekker
Author-Name-First: Rommert
Author-Person: pde16
Title: Modelling product returns in inventory control - exploring the validity or general assumptions
Abstract: 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.
Creation-Date: 2001-10-31
File-URL: https://repub.eur.nl/pub/1692/feweco20011031110215.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2001-27
Keywords: data analysis, inventory control, product returns, reverse flows
Handle: RePEc:ems:eureir:1692