 A classical and simulated approach of cost optimisation in reverse logistics process for e-commerce businessAyan Kundu, Monalisa Masanta, Prasun Das and Arijit Bhattacharyya International Journal of Procurement Management, 2024, vol. 21, issue 4, 498-524 Abstract: The purpose of this paper is to establish the proper utilisation and allocation of resources in an e-commerce reverse logistics network to minimise the overall cost. This study formulates the reverse logistics network of e-commerce business into a binary integer programming model. It solves a numerical problem by this classical approach to find out the optimal cost through optimal assignment of resources and path allocation for transporting the products. Simulation is performed next to replicate the real-life reverse logistics scenario of e-commerce business. Finally, a sensitivity analysis is carried out to observe the impact of proper utilisation of the resources on reducing the total operation cost significantly. It encourages e-commerce business for optimal allocation of logistics agents and vehicles, and utilisation of the regional hubs and sorting facilities for transporting the returned products. The study also highlights the scope of future research both from theoretical and managerial perspectives. Keywords: reverse logistics; e-commerce; parametric optimisation; resource allocation. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpman:v:21:y:2024:i:4:p:498-524 Access Statistics for this article More articles in International Journal of Procurement Management from Inderscience Enterprises Ltd |
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