A generic stochastic model for supply-and-return network design [An article from: Computers and Operations Research] Review
A generic stochastic model for supply-and-return network design [An article from: Computers and Operations Research] Feature
This digital document is a journal article from Computers and Operations Research, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper presents a generic stochastic model for the design of networks comprising both supply and return channels, organized in a closed loop system. Such situations are typical for manufacturing/re-manufacturing type of systems in reverse logistics. The model accounts for a number of alternative scenarios, which may be constructed based on critical levels of design parameters such as demand or returns. We describe a decomposition approach to this model, based on the branch-and-cut procedure known as the integer L-shaped method. Computational results in an illustrative numerical setting show a consistent performance efficiency of the method. Moreover, the stochastic solution features a significant improvement in terms of average performance over the individual scenario solutions. A modeling and solution methodology as presented here can contribute to the efficient solution of network design models under uncertainty for reverse logistics.
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