Development of a closed-loop supply chain system with exponential demand and multivariate production/remanufacturing rates for deteriorated products

Abstract

Abstract This article introduces a Closed-Loop Supply Chain Model for Deteriorated Goods. The model is generated for an exponentially growing demand rate based on time and multivariate output and remanufacturing rates. Based on demand and the amount of inventory, we consider the production and remanufacturing rates. The end user receives buyback items and the rate of return is perceived to be linearly time dependent. In order to investigate optimized solution for the prescribed model, it has been formulated mathematically. Finally, to illustrate the case, a numerical analysis and sensitivity analysis would be provided.