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Background: Indonesia is an archipelagic country with 17,508 islands spread over the Pacific and Indian Oceans, with thousands of inter-island routes requiring a large and engaged fleet. The vast expanse of the country also leads to challenges related to optimal fleet coverage, routing, and oil...
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Purpose: This paper aims to model and optimize the closed loop supply chain for maximizing the profit by considering the fixed order quantity inventory policy in various sites at multiple periods. Design/methodology/approach: In forward supply chain, a standard inventory policy can be followed...
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