Analyzing the effect of consumer returns in a multi-period inventory system

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buir.advisorErkip, Nesim K.
dc.contributor.authorErikçi, İsmail
dc.date.accessioned2016-01-08T18:19:39Z
dc.date.available2016-01-08T18:19:39Z
dc.date.issued2012
dc.departmentDepartment of Industrial Engineeringen_US
dc.descriptionAnkara : The Department of Industrial Engineering and the Graduate School of Engineering and Science of Bilkent University, 2012.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2012.en_US
dc.descriptionIncludes bibliographical references.en_US
dc.description.abstractReturn of a sold item by a customer becomes tremendously common situation in many industries. Increase in the amount of returned items promotes return information to be a critical factor for inventory control. Undoubtedly another critical parameter for an inventory system is the length of the review period. Effect of the review period or length of the time-bucket is amplified with returned items, because available return information at a decision point is related to the frequency of the review. In this study, we analyze the effects of these two parameters over a multiperiod inventory system where the length of a time horizon is fixed. Dynamic programming approach is used to calculate the optimal inventory positions. In dynamic programming, it is assumed that a fixed proportion of sold items are returned. Computational results are obtained to compare the effects of return information under different return proportions and period lengths. These results are used to conduct various analyses to explore the level of the advantage gained by using return information.en_US
dc.description.degreeM.S.en_US
dc.description.statementofresponsibilityErikçi, İsmailen_US
dc.format.extentxi, 114 leaves, illustrationsen_US
dc.identifier.urihttp://hdl.handle.net/11693/15510
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectConsumer returnsen_US
dc.subjectdynamic programmingen_US
dc.subjectperiodic review inventory systemen_US
dc.subject.lccTS160 .E75 2012en_US
dc.subject.lcshInventory control--Mathematical models.en_US
dc.subject.lcshInventory policy--Mathematical models.en_US
dc.subject.lcshProduction planning.en_US
dc.titleAnalyzing the effect of consumer returns in a multi-period inventory systemen_US
dc.typeThesisen_US

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Dept. of Industrial Engineering - Master's degree