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1.

Robust multiobjective scheme for closed-loop supply chains by considering financial criteria and scenarios Pages 361-380 Right click to download the paper Download PDF

Authors: John Willmer Escobar, William Adolfo Hormaza Peña, Rafael Guillermo García-Cáceres

DOI: 10.5267/j.ijiec.2022.12.004

Keywords: Closed Supply Chain, Net Present Value (NPV), Financial Risk (FR), Epsilon Constraint, Robustness, FePIA

Abstract:
This paper considers the closed-loop supply chain design problem by examining financial criteria and uncertainty in the parameters. A robust multiobjective optimization methodology is proposed by considering financial measures such as maximizing the net present value (NPV) and minimizing the financial risk (FR). The proposed methodology integrates various multiobjective optimization elements based on epsilon constraints and robustness measurements through the FePIA (named after the four steps of the procedure: Feature–Perturbation–Impact–Analysis) methodology. Similarly, an analysis of the parameter variability using scenarios was considered. The proposed method's efficiency was tested with real information from a multinational company operating in Colombia. The results show the effectiveness of the methodology in addressing real problems associated with supply chain design.
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Journal: IJIEC | Year: 2023 | Volume: 14 | Issue: 2 | Views: 895 | Reviews: 0

 

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