Risk management in the design and planning of closed-loop supply chains

Sónia R. Cardosoa, Ana Paula F.D. Barbosa-Povóaa and Susana Relvasa,    aCEG-IST, Instituto Superior Tecnico, Universidade Tecnica de Lisboa, Avenida Rovisco Pais, 1049–001, Lisboa, Portugal

Abstract

In this paper, we develop a multi-objective model for the design and planning of closed-loop supply chains under demand uncertainty that maximizes the expected net present value (ENPV) and minimizes risk. Four different risk measures are implemented and compared: variance, variability index, downside risk and conditional value-at-risk (CVaR) so as to conclude on these measures adequacy. The model is applied to a European supply chain and the optimal solutions are drawn in a ...

Get 23rd European Symposium on Computer Aided Process Engineering now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.