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Viable Supply Chain Network Design by considering Blockchain Technology and Cryptocurrency

Author

Listed:
  • Reza Lotfi
  • Soroush Safavi
  • Alireza Gharehbaghi
  • Sara Ghaboulian Zare
  • Reza Hazrati
  • Gerhard-Wilhelm Weber

Abstract

Nowadays, using Blockchain Technology (BCT) is growing faster in each country. It is essential to apply BCT in Supply Chain Network Design (SCND) and is considered by the designer and manager of SC. This research indicates Viable Supply Chain Network Design (VSCND) by applying BCT. A new form of two-stage robust optimization is suggested. Facility locations and activation BCT for VSCND is the first stage of decisions; finally, we determine flow transshipment between components in the next stage. The GAMS-CPLEX is used for solving the model. The results show that running BCT will decrease 0.99% in costs. There is an economic justification for using BCT when demand is high. A fix-and-optimize and Lagrange relaxation (LR) generate lower and upper bound to estimate large scale in minimum time. The gap between the main model and fix-and-optimize is better than the LR algorithm. Finally, this research suggests equipping VSCND by BCT that becomes more resilient against demand fluctuation, sustainable, and agile.

Suggested Citation

  • Reza Lotfi & Soroush Safavi & Alireza Gharehbaghi & Sara Ghaboulian Zare & Reza Hazrati & Gerhard-Wilhelm Weber, 2021. "Viable Supply Chain Network Design by considering Blockchain Technology and Cryptocurrency," Mathematical Problems in Engineering, Hindawi, vol. 2021, pages 1-18, November.
    • Handle: RePEc:hin:jnlmpe:7347389
    DOI: 10.1155/2021/7347389
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    Cited by:

    1. S. M. Misbauddin & Mohammad Jahangir Alam & Chitra Lekha Karmaker & Md. Noor Un Nabi & Md. Mahedi Hasan, 2023. "Exploring the Antecedents of Supply Chain Viability in a Pandemic Context: An Empirical Study on the Commercial Flower Supply Chain of an Emerging Economy," Sustainability, MDPI, vol. 15(3), pages 1-19, January.
    2. Basim Aljabhan & Muath A. Obaidat, 2023. "Privacy-Preserving Blockchain Framework for Supply Chain Management: Perceptive Craving Game Search Optimization (PCGSO)," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    3. Fuli Zhou & Yijie Liu, 2022. "Blockchain-Enabled Cross-Border E-Commerce Supply Chain Management: A Bibliometric Systematic Review," Sustainability, MDPI, vol. 14(23), pages 1-23, November.
    4. Rozhkov, Maxim & Ivanov, Dmitry & Blackhurst, Jennifer & Nair, Anand, 2022. "Adapting supply chain operations in anticipation of and during the COVID-19 pandemic," Omega, Elsevier, vol. 110(C).
    5. Sardesai, Saskia & Klingebiel, Katja, 2023. "Maintaining viability by rapid supply chain adaptation using a process capability index," Omega, Elsevier, vol. 115(C).
    6. Leonel J. R. Nunes & Sandra Silva, 2023. "Optimization of the Residual Biomass Supply Chain: Process Characterization and Cost Analysis," Logistics, MDPI, vol. 7(3), pages 1-21, August.
    7. Chervenkova, Tanya & Ivanov, Dmitry, 2023. "Adaptation strategies for building supply chain viability: A case study analysis of the global automotive industry re-purposing during the COVID-19 pandemic," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 177(C).

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