Mathematical driven model for closed-loop supply chain network design

Pandey, Ajay Kumar, Kumar, Amit, Kushwaha, Sneha, Dwivedi, Ashish and Pratap, Saurabh (2024) Mathematical driven model for closed-loop supply chain network design. In: Proceedings of the 12th International Conference on Soft Computing for Problem Solving. Lecture Notes in Networks and Systems, 995 . Springer, Singapore, pp. 759-769. ISBN 978-981-97-3292-0

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Abstract

The closed-loop supply chain (CLSC) has gained popularity as a practical way to improve sustainability and resource efficiency in various industries. Unlike a linear supply chain, a CLSC adopts reverse logistics to recover, recycle, and reuse items or their components. This study creates a mathematical model for a reliable and effective CLSC model that integrates forward and reverse logistics operations to reduce costs, boost profits, and reduce environmental impact. A metaheuristic approach (Genetic Algorithm) is used to solve the model. The experimental findings show that the suggested strategy contributes in enhancing CLSC performance.

Item Type: Book Section
Keywords: Closed-loop Supply Chain (CLSC) | CLSC model
Subjects: Social Sciences and humanities > Business, Management and Accounting > Management of Technology and Innovation
Physical, Life and Health Sciences > Engineering and Technology
Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal Global Business School
Depositing User: Subhajit Bhattacharjee
Date Deposited: 17 Aug 2024 07:11
Last Modified: 17 Aug 2024 07:11
Official URL: https://doi.org/10.1007/978-981-97-3292-0_51
URI: https://pure.jgu.edu.in/id/eprint/8285

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