Optimizing the Safety Stock with Guaranteed Service Model in Reverse Logistics Considering Internal and External Returns

In this paper, a guaranteed service model (GSM) is considered in a general supply chain with the releasing of the service time constraint. For this purpose, a bi-objective model is developed containing minimization of both service time and the holding cost of safety stock. Also, in addition to consi...

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Main Authors: Kazem Farahinejad, Mohammad Reza Gholamian
Format: Article
Language:English
Published: Kharazmi University 2019-08-01
Series:International Journal of Supply and Operations Management
Subjects:
Online Access:http://www.ijsom.com/article_2788_5af681d6c653f7e922daceee1a8e2542.pdf
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author Kazem Farahinejad
Mohammad Reza Gholamian
author_facet Kazem Farahinejad
Mohammad Reza Gholamian
author_sort Kazem Farahinejad
collection DOAJ
description In this paper, a guaranteed service model (GSM) is considered in a general supply chain with the releasing of the service time constraint. For this purpose, a bi-objective model is developed containing minimization of both service time and the holding cost of safety stock. Also, in addition to considering the return of items from inside of the chain, the returns from outside of the chain are considered to carry out remanufacturing, refurbishing, and repairing processes. The model is solved in a real-world case of the electronic product supply chain and the Pareto solution set is obtained to show the changes in the holding cost of safety stock based on the maximum time for the different services offered to customers.
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spelling doaj.art-9899abc56e564239bd332c0d16c442fd2022-12-21T20:25:01ZengKharazmi UniversityInternational Journal of Supply and Operations Management2383-13592383-25252019-08-016318819910.22034/2019.3.12788Optimizing the Safety Stock with Guaranteed Service Model in Reverse Logistics Considering Internal and External ReturnsKazem Farahinejad0Mohammad Reza Gholamian1School of Industrial Engineering, Iran University of Science and Technology, Tehran, IranSchool of Industrial Engineering, Iran University of Science and Technology, Tehran, IranIn this paper, a guaranteed service model (GSM) is considered in a general supply chain with the releasing of the service time constraint. For this purpose, a bi-objective model is developed containing minimization of both service time and the holding cost of safety stock. Also, in addition to considering the return of items from inside of the chain, the returns from outside of the chain are considered to carry out remanufacturing, refurbishing, and repairing processes. The model is solved in a real-world case of the electronic product supply chain and the Pareto solution set is obtained to show the changes in the holding cost of safety stock based on the maximum time for the different services offered to customers.http://www.ijsom.com/article_2788_5af681d6c653f7e922daceee1a8e2542.pdfguaranteed service modelsafety stockinventory controlreverse logisticslead time
spellingShingle Kazem Farahinejad
Mohammad Reza Gholamian
Optimizing the Safety Stock with Guaranteed Service Model in Reverse Logistics Considering Internal and External Returns
International Journal of Supply and Operations Management
guaranteed service model
safety stock
inventory control
reverse logistics
lead time
title Optimizing the Safety Stock with Guaranteed Service Model in Reverse Logistics Considering Internal and External Returns
title_full Optimizing the Safety Stock with Guaranteed Service Model in Reverse Logistics Considering Internal and External Returns
title_fullStr Optimizing the Safety Stock with Guaranteed Service Model in Reverse Logistics Considering Internal and External Returns
title_full_unstemmed Optimizing the Safety Stock with Guaranteed Service Model in Reverse Logistics Considering Internal and External Returns
title_short Optimizing the Safety Stock with Guaranteed Service Model in Reverse Logistics Considering Internal and External Returns
title_sort optimizing the safety stock with guaranteed service model in reverse logistics considering internal and external returns
topic guaranteed service model
safety stock
inventory control
reverse logistics
lead time
url http://www.ijsom.com/article_2788_5af681d6c653f7e922daceee1a8e2542.pdf
work_keys_str_mv AT kazemfarahinejad optimizingthesafetystockwithguaranteedservicemodelinreverselogisticsconsideringinternalandexternalreturns
AT mohammadrezagholamian optimizingthesafetystockwithguaranteedservicemodelinreverselogisticsconsideringinternalandexternalreturns