A two-stage stochastic programming approach for value-based closed-loop supply chain network design

Hossein Badri, S.M.T. Fatemi Ghomi and Taha-Hossein Hejazi

Transportation Research Part E: Logistics and Transportation Review, 2017, vol. 105, issue C, 1-17

Abstract: The ultimate goal for almost all companies in the current business world is to increase their value; therefore, managers concentrate their efforts on the control of value drivers. This research develops a two-stage stochastic programming model for the value-based supply chain network design, where all parts of a supply chain are configured and controlled in such a way that the total value of the company increases. The proposed model is a three-echelon, multi-commodity, and multi-period model for the tactical and strategic decision making. Also, a comprehensive computational analysis is conducted to evaluate the performance of the proposed approach.

Keywords: Closed-loop supply chain network design; Value-based management; Two-stage stochastic programming (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (11)

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DOI: 10.1016/j.tre.2017.06.012

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