June 2013
Intermediate to advanced
1088 pages
40h 48m
English
book
23rd European Symposium on Computer Aided Process Engineering
by Andrzej Kraslawski, Ilkka Turunen
Content preview from 23rd European Symposium on Computer Aided Process Engineering
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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 ...
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