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Effects of uncertainty on a tire closed-loop supply chain network

Amin, Saman Hassanzadeh, Zhang, Guoqing, Akhtar, Pervaiz (2017) Effects of uncertainty on a tire closed-loop supply chain network. Expert Systems with Applications, 73 . pp. 82-91. ISSN 0957-4174. (doi:10.1016/j.eswa.2016.12.024) (KAR id:75445)

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https://doi.org/10.1016/j.eswa.2016.12.024

Abstract

In a closed-loop supply chain (CLSC) network, there are both forward and reverse supply chains. In this research, a tire remanufacturing CLSC network is designed and optimized based on tire recovery options. The objective of the optimization model is to maximize the total profit. The optimization model includes multiple products, suppliers, plants, retailers, demand markets, and drop-off depots. The application of the model is discussed based on a realistic network in Toronto, Canada using map. In addition, a new decision tree-based methodology is provided to calculate the net present value of the problem in multiple periods under different sources of uncertainty such as demand and returns. Furthermore, the discount cash flow is considered in the methodology as a novel innovative approach. This methodology can be applied in comparing the profitability of different design options for CLSCs.

Item Type: Article
DOI/Identification number: 10.1016/j.eswa.2016.12.024
Uncontrolled keywords: Cash flow analysis, Closed-loop supply chain (CLSC), Decision tree, Reverse logistics (RL), Tire remanufacturing, Uncertainty, Decision trees, Logistics, Optimization, Profitability, Supply chains, Tires, Uncertainty analysis, Cash flow analysis, Closed-loop supply chain networks, Closed-loop supply chains (CLSC), Innovative approaches, Reverse logistics, Reverse supply chains, Sources of uncertainty, Uncertainty, Linear matrix inequalities
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: Pervaiz Akhtar
Date Deposited: 15 Aug 2019 15:17 UTC
Last Modified: 15 Jan 2020 14:59 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/75445 (The current URI for this page, for reference purposes)
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