Abstract:Abstract:Purpose: This paper aims to model and optimize the closed loop supply chain for maximizing the profit by considering the fixed order quantity inventory policy in various sites at multiple periods.Design/methodology/approach: In forward supply chain, a standard inventory policy can be followed when the product moves from manufacturer, distributer, retailer and customer but the inventory in the reverse supply chain of the product with the similar standard policy is very difficult to manage. This model i… Show more
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