Abstract
Inderfurth (1997) has shown how the optimal decision rules in a stochastic one product recovery system with leadtimes can be characterized. Using his results we provide in this paper a method for the exact computation of the parameters which determine the optimal periodic policy. Since exact computation is, especially in case of dynamic demands and returns, quite time consuming, we also provide a heuristic which is based on an approximation of the value-function in the dynamic programming problem.
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