Quantifying the Economic Impact

Dirk Inghels
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Dirk Inghels: Vrije Universiteit Amsterdam

Chapter Chapter 4 in Introduction to Modeling Sustainable Development in Business Processes, 2020, pp 81-88 from Springer

Abstract: Abstract The economic pillar of the triple bottom line is commonly quantified by minimizing costs or maximizing profits (Seuring and Müller 2008). For supply chain optimization, minimizing costs often involves a tradeoff between costs in different stages of the supply chain, such as factory inventory, transportation, warehousing, manufacturing, etc. The economic optimization of supply chains was the first to be studied. In this chapter, we will discuss some commonly used economic impact quantification methods for business processes in general, while paying special attention to supply chain management.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-58422-1_4

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DOI: 10.1007/978-3-030-58422-1_4

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