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A two-stage stochastic programming approach for value-based closed-loop supply chain network design

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  • Badri, Hossein
  • Fatemi Ghomi, S.M.T.
  • Hejazi, Taha-Hossein

Abstract

The ultimate goal for almost all companies in the current business world is to increase their value; therefore, managers concentrate their efforts on the control of value drivers. This research develops a two-stage stochastic programming model for the value-based supply chain network design, where all parts of a supply chain are configured and controlled in such a way that the total value of the company increases. The proposed model is a three-echelon, multi-commodity, and multi-period model for the tactical and strategic decision making. Also, a comprehensive computational analysis is conducted to evaluate the performance of the proposed approach.

Suggested Citation

  • Badri, Hossein & Fatemi Ghomi, S.M.T. & Hejazi, Taha-Hossein, 2017. "A two-stage stochastic programming approach for value-based closed-loop supply chain network design," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 105(C), pages 1-17.
    • Handle: RePEc:eee:transe:v:105:y:2017:i:c:p:1-17
    DOI: 10.1016/j.tre.2017.06.012
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