To generate insights into how production of new items and remanufacturing and disposal of returned products can be effectively coordinated, we develop a model of a hybrid manufacturing–remanufacturing system. Formulating the model as a Markov decision process, we investigate the structure of...

This paper addresses an optimal inventory control in a supply chain in which customers arrive at a facility according to a Poisson process and the facility provides service which takes exponential amounts of time, using items supplied by an outside supplier with exponential lead time process....

We consider scheduling a single server in a two-class M/M/1 queueing system with finite buffers subject to holding costs and rejection costs for rejected jobs. We use dynamic programming to investigate the structural properties of optimal policies. Provided that the delay of serving a job is...

This paper considers an assembly system where a firm produces a single product which is assembled using two types of components (component 1 and component 2). The components are provided by individual suppliers (supplier 1 and supplier 2). We assume that the firm makes different procurement...