The integration of product recovery into regular production processes enables new opportunities for cost savings. In case of a dynamic planning situation, for instance when dealing with seasonality or the product life cycle, new motives for keeping stock arise. The work aims to identify those motives and to describe their effects by using methods of optimal control theory.
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From the reviews:
"This book is the author's doctoral dissertation at Otto-von-Guericke University in Magdeburg, Germany. ... I recommend this book to those who would like to learn more about dynamic approaches to the analysis of production processes and inventory management." (Amitrajeet A. Batabyal, Interfaces, Vol. 37 (6), 2007)
"This book is the author's doctoral dissertation at Otto-von-Guericke University in Magdeburg, Germany. ... I recommend this book to those who would like to learn more about dynamic approaches to the analysis of production processes and inventory management." (Amitrajeet A. Batabyal, Interfaces, Vol. 37 (6), 2007)