Newly, the rates of energy and material consumption to augment industrial production are substantially high, thus the environmentally sustainable industrial development has emerged as the main issue of either developed or developing countries. A novel approach to supply chain management is proposed to maintain economic growth along with environmentally friendly concerns for the design of the supply chain network. In this paper, a new green supply chain design approach has been suggested to maintain the financial virtue accompanying the environmental factors that required to be mitigated the negative effect of rapid industrial development on the environment. This approach has been suggested a multi-objective mathematical model minimizing the total costs and CO2 emissions for establishing an environmentally sustainable closed-loop supply chain. Two optimization methods are used namely Epsilon Constraint Method, and Genetic Algorithm Optimization Method. The results of the two mentioned methods have been compared and illustrated their effectiveness. The outcome of the analysis is approved to verify the accuracy of the proposed model to deal with financial and environmental issues concurrently.

No abstract

No abstract

No abstract