International Journal of Supply Chain Management
Vol 3, No 3 (2014): International Journal of Supply Chain Management (IJSCM)

A Grey System for the Forecasting of Return Product Quantity in Recycling Network

Ayvaz, Berk (Unknown)
Bolturk, Eda (Unknown)
Kaçtıoğlu, Sibkat (Unknown)



Article Info

Publish Date
29 Sep 2014

Abstract

Reverse Logistics (RL) has gained much attention in recent years due to economic, social and governmental reasons. For firms, it has become essential to manage the reverse flow of materials in an efficient way to gain competitive advantage. One important aspect of RL is to provide a correct and timely estimation of return waste product quantity. Improved forecast accuracy leads to a better decision making in strategic, tactic and operational areas of an organization. Intrinsic and extrinsic forecasting are some of the well-known and frequently used forecasting techniques to predict return product in RL networks. In this study, we presented a grey forecasting system to predict return waste product quantity in RL network. To the best of our knowledge, this study is the first in return product forecasting literature by using grey system to predict return quantity. Solutions showed that grey forecasting system is very efficient to predict return quantity.

Copyrights © 2014






Journal Info

Abbrev

IJSCM

Publisher

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...