Work

Decision-making in the production chain of a firm based on a dynamic planning model with backward recursion

Year: 2025

Type: article

Abstract: The inspection of spare parts and finished products in current production processes often struggles to meet the demands of various production scenarios. To minimize production costs across different situations, this paper examines six production scenarios. Using a dynamic programming model, we optimize the cost-minimization goal through an inverse recursive solution for the four phases of enterprise production. The paper analyzes whether to inspect parts and finished products and whether to disassemble nonconforming products at each stage of production under different conditions.

Source: Entrepreneurship and Innovation

DOI: 10.47297/wspeiwsp2516-253504.20250901

Author: Nuoer Suo

Institution: Sichuan University

Language: English

Topic: Management and Optimization Techniques

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Responsible consumption and production, Industry, innovation and infrastructure

Open Access status: bronze

OpenAlex ID: W4408847806