Closed-loop supply chain network design: A financial approach

Ramezani, Majid; Kimiagari, Ali Mohammad; Karimi, Behrooz

doi:10.1016/j.apm.2014.02.004

Cited by 71 publications

(44 citation statements)

References 35 publications

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“…Ramezani et al [30] introduced a method to incorporate the financial aspects (i.e., current and fixed assets and liabilities) into a set of constraints relevant to the budget through balances of cash, debt, securities, payment delays, and discounts in supply chain planning. To show the advantage of using the financial model, the financial approach and traditional approach were compared.…”

Section: Introductionmentioning

confidence: 99%

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: 99%

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

2017

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“…A type of sustainable SC is the Closed Loop Supply Chain (CLSC), (Ramezani et al 2014;Govindan et al, 2014) designed to manage the recycling and recovery process of end-of-life products (Guide and Van Wassenhove, 2009;Das and Posinasetti, 2015). A CLSC generally involves a manufacturer taking care for the reverse logistics process.…”

Section: Introductionmentioning

confidence: 99%

Closed-loop supply chains: What reverse logistics factors influence performance?

Cannella

Bruccoleri

Framiñán

2016

International Journal of Production Economics

102

100

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“…Environmental aspects of supply chain configuration have gained significant attention in recent years. Ramezani et al (2014) and Das and Rao Posinasetti (2015) among others provide brief focused overview of research in this area. Similarly, Pashaei and Olhager (2015) and Ratha (2014) have explored the topical area of concurrent product and supply chain design.…”

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confidence: 99%