An Environmentally Sustainable Closed-Loop Supply Chain Network Design under Uncertainty: Application of Optimization

• URL: http://arxiv.org/abs/2009.11979v1
• Date: Thu, 24 Sep 2020 23:25:35 GMT
• Title: An Environmentally Sustainable Closed-Loop Supply Chain Network Design under Uncertainty: Application of Optimization
• Authors: Md. Mohsin Ahmed and S. M. Salauddin Iqbal and Tazrin Jahan Priyanka and Mohammad Arani and Mohsen Momenitabar and Md Mashum Billal
• Abstract summary: Green supply chain design approach has been suggested to maintain the financial virtue accompanying the environ-mental factors. Two opti-mization methods are used namely Epsilon Constraint Method, and Genetic Al-gorithm Optimization Method.
• Score: 0.0
• License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
• Abstract: Newly, the rates of energy and material consumption to augment industrial pro-duction are substantially high, thus the environmentally sustainable industrial de-velopment has emerged as the main issue of either developed or developing coun-tries. A novel approach to supply chain management is proposed to maintain economic growth along with environmentally friendly concerns for the design of the supply chain network. In this paper, a new green supply chain design approach has been suggested to maintain the financial virtue accompanying the environ-mental factors that required to be mitigated the negative effect of rapid industrial development on the environment. This approach has been suggested a multi-objective mathematical model minimizing the total costs and CO2 emissions for establishing an environmentally sustainable closed-loop supply chain. Two opti-mization methods are used namely Epsilon Constraint Method, and Genetic Al-gorithm Optimization Method. The results of the two mentioned methods have been compared and illustrated their effectiveness. The outcome of the analysis is approved to verify the accuracy of the proposed model to deal with financial and environmental issues concurrently.

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