Closed-loop supply chain network design under a fuzzy environment

Ramezani, Majid; Kimiagari, Ali Mohammad; Karimi, Behrooz; Hejazi, Taha Hossein

doi:10.1016/j.knosys.2014.01.016

Cited by 100 publications

(46 citation statements)

References 32 publications

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“…Based on a real-world case study of a battery manufacturer, the experimental results of their study showed that using NPV as objective function is significantly better than the general supply chain model. Ramezani et al [27] confirmed that using NPV is effective in designing a logistics network with the fuzzy-based integer programming.…”

Section: Introductionmentioning

confidence: 98%

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A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

2017

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Abstract:Although several studies have explored the relationship between the operation and performance of a supply chain (SC), a general SC model cannot deliver the expected financial results at a company-wide level. In this paper, we argue that this cannot guarantee the maximization of a firm's overall value because short-term financial performance metrics do not reflect the risk to businesses and the invested capital. Owing to the varying natures of risk and the capital invested, firms with multiple divisions should assess each division separately, and the results can be compared for decisions concerning the allocation of the firm's capital and resources to maximize the overall value of its businesses. We propose a linkage model to consider operational activities and financial performance simultaneously in a firm's supply chain model. To exhibit the superiority of the proposed model that connects SC operation and financial indicators, we first compare the differences between models for maximizing profit and enterprise-wise economic value added (EVA) as objective functions. To examine uncertainty in the operational and financial parameters of the SC, the results of sensitivity analyses are then reported. Experimental results showed that our model, using the EVA approach, is more effective and superior in terms of maximizing the firm's overall value from the long-term perspective while satisfying the target values for financial ratios set by the firm's executives and shareholders for all periods, unlike the results of the general model.

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Section: Introductionmentioning

confidence: 98%

“…The net sales (NTS) and cost of goods sold (COGS) of each division is calculated by Equations (26) and (27), respectively. In particular, as shown in Equations (28) to (31), COGS is computed by the sum of production, transportation, handling, and storage costs:…”

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confidence: 99%

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

2017

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“…The main objectives are the total operating expenses in the supply chain and some cost indicators derived from those. The suggested solving methods are Lagrangian relaxation-based method [1], genetic algorithms [2,3,4,5], game theory methods [6], heuristic methods [7,8,9,10], decision-making methods [11,12,13], fuzzy optimization [14], ant colony algorithm [15], particle swarm optimization [16], modified fruit fly optimization [17], other linear and non-linear techniques [18,19,20,21].…”

Section: Literature Reviewmentioning

confidence: 99%

Procedure for determining transport and warehousing systems characteristics in industrial enterprises in megapolis

2017

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Abstract. The most common problem among a vast variety of design and performance management problems for the industrial enterprises supply chain networks is determining transport and storage processes' characteristics in the areas of high population density. The divergence of the logistic structure development in the area has a major influence on the choice of location for the warehouses and the characteristics of the corresponding material flows. This article addresses the issues of determining transport and warehousing systems characteristics in a major population center and its suburbs. In particular, this means the warehouse location and the delivery lot sizes. The article suggests a procedure for solving this problem based on a set of mathematical models using linear and non-linear optimization via the standard algorithms of common computer software like Microsoft Excel, Mathcad, MatLab, etc.

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“…Finally, glass industry case study was used to show the application of this approach. Ramezani et al (2014) demonstrated fuzzy set application in designing multi-period closed-loop supply chain network having multiple products. The presented model includes three objective functions: profit increase, delivery time reduction, and quality increase.…”

Section: Literature Reviewmentioning

confidence: 99%

A multi-objective location-inventory model for 3PL providers with sustainable considerations under uncertaint

Daghigh¹,

Jabalameli²,

Amiri³

et al. 2016

10.5267/j.ijiec

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Closed-loop supply chain network design under a fuzzy environment

Cited by 100 publications

References 32 publications

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

Procedure for determining transport and warehousing systems characteristics in industrial enterprises in megapolis

A multi-objective location-inventory model for 3PL providers with sustainable considerations under uncertaint

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