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Title: Optimization of Multi-Objective Decision Making in Reverse Logistics Using Pallet-Renting Industry as Example
Source: International Conference on Engineering and Business Management 2012(Part 3 Engineering and Project Management) (pp 1914-1918)
Author(s): Chiao-Hsin Mai, Department of Industrial Management, Chung Hua University, Chinese Taipei
Hung-Yu Cheng, PhD Program of Technology Management, Chung Hua University, Chinese Taipei
Heng Ma, Department of Industrial Management, Chung Hua University, Chinese Taipei
Abstract: This research’s main focus is to develop an optimization model for determining multi-objective decision-making weights and routes by investigating the pallet-renting business based on reverse logistics. This model could increase the reliability in terms of recycling information by adopting RFID techniques for data collection, and by improving inventory visibility through cloud computing in a supply chain. The key performance indices are meeting clients’ demands, better recycling effectiveness and accurate prediction of shortage for the next cycle. The proposed model incorporates genetic algorithm for route scheduling, cloud computing for exchange and integration of information, and neural networks for predicting demands. The model also promises enhancement in competitiveness of enterprises in aiding cooperation of international logistics businesses.
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