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1.

Modeling risk and uncertainty in designing reverse logistics problem Pages 13-24 Right click to download the paper Download PDF

Authors: Aida Nazari Gooran, Hamed Rafiei, Masoud Rabani

DOI: 10.5267/j.dsl.2017.5.001

Keywords: Reverse logistic, Uncertainty, Risk, Conditional value at risk, Chance-constrained programming, Monte Carlo simulation, Genetic algorithms

Abstract:
Increasing attention to environmental problems and social responsibility lead to appear reverse logistic (RL) issues in designing supply chain which, in most recently, has received considerable attention from both academicians and practitioners. In this paper, a multi-product reverse logistic network design model is developed; then a hybrid method including Chance-constrained programming, Genetic algorithm and Monte Carlo simulation, are proposed to solve the developed model. The proposed model is solved for risk-averse and risk-seeking decision makers by conditional value at risk, sum of the excepted value and standard deviation, respectively. Comparisons of the results show that minimizing the costs had no direct relation with the kind of decision makers; however, in the most cases, risk-seeking decision maker gained more return products than risk-averse ones. It is clear that by increasing returned products to the chain, production costs of new products and material will be reduced and also by this act, environmental benefits will be created.
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Journal: DSL | Year: 2018 | Volume: 7 | Issue: 1 | Views: 2980 | Reviews: 0

 

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