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

In: Operations Research Proceedings 2008

Author

Listed:
  • Rainer Kleber

    (Otto-von-Guericke University Magdeburg, Faculty of Economics and Management)

  • Karl Inderfurth

    (Otto-von-Guericke University Magdeburg, Faculty of Economics and Management)

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.

Suggested Citation

  • Rainer Kleber & Karl Inderfurth, 2009. "A Heuristic Approach for Integrating Product Recovery into Post PLC Spare Parts Procurement," Springer Books, in: Bernhard Fleischmann & Karl-Heinz Borgwardt & Robert Klein & Axel Tuma (ed.), Operations Research Proceedings 2008, chapter 34, pages 209-214, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-00142-0_34
    DOI: 10.1007/978-3-642-00142-0_34
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