A Heuristic Approach for Integrating Product Recovery into Post PLC Spare Parts Procurement

Rainer Kleber () and Karl Inderfurth ()
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Rainer Kleber: Otto-von-Guericke University Magdeburg, Faculty of Economics and Management
Karl Inderfurth: Otto-von-Guericke University Magdeburg, Faculty of Economics and Management

Chapter 34 in Operations Research Proceedings 2008, 2009, pp 209-214 from Springer

Abstract: Summary Product recovery gains increasing importance in spare parts acquisition, especially during the post product-life-cycle (PLC) service period. Considering product recovery in addition to traditional procurement options (final order, extra production) makes the underlying stochastic dynamic planning problem highly complex. An efficient heuristic for solving the integrated procurement problem is developed, which can be used to exploit the exibility offered by product recovery.

Keywords: Spare Part; Product Recovery; Service Period; Scenario Period; Backorder Cost (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-00142-0_34

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DOI: 10.1007/978-3-642-00142-0_34

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