Exploring closed loop supply chain for optimisation of environmental issues & total profit using system dynamics

Hassan Fainaze; Lewlyn Lester Raj Rodrigues; Girish Nair

doi:10.1109/AMS.2013.34

Exploring closed loop supply chain for optimisation of environmental issues & total profit using system dynamics

Hassan Fainaze, Lewlyn Lester Raj Rodrigues, Girish Nair

Department of Humanities and Management, Manipal Institute of Technology, Manipal

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

Nowadays, as companies are adopting strategies that are in a better balance with environmental friendly practices, so "Going Green" is becoming an effective strategy in terms of costs benefits and customer satisfaction. The focus of this paper is on the study of recollection in Closed Loop Supply Chain (CLSC), using system dynamics approach, by identifying and establishing relationships between variables in a CLSC system. A system dynamic model has been developed to simulate the influence of recollection on various factors like demand, sales, uncontrollable disposal, recycling rate, serviceable inventory, and the total profit. The results have indicated that, on a long term basis, closed loop supply chain can be successfully adopted to improve the cost benefits and to reduce the uncontrollable product disposals.

Original language	English
Title of host publication	Proceedings - Asia Modelling Symposium 2013
Subtitle of host publication	7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013
Publisher	IEEE Computer Society
Pages	187-192
Number of pages	6
ISBN (Print)	9780769551012
DOIs	https://doi.org/10.1109/AMS.2013.34
Publication status	Published - 01-01-2013
Event	7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013 - Kuala Lumpur, Malaysia Duration: 23-07-2013 → 25-07-2013

Conference

Conference	7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013
Country	Malaysia
City	Kuala Lumpur
Period	23-07-13 → 25-07-13

All Science Journal Classification (ASJC) codes

Modelling and Simulation

Access to Document

10.1109/AMS.2013.34

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Fainaze, H., Rodrigues, L. L. R., & Nair, G. (2013). Exploring closed loop supply chain for optimisation of environmental issues & total profit using system dynamics. In Proceedings - Asia Modelling Symposium 2013: 7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013 (pp. 187-192). [6664691] IEEE Computer Society. https://doi.org/10.1109/AMS.2013.34

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Fainaze, H, Rodrigues, LLR & Nair, G 2013, Exploring closed loop supply chain for optimisation of environmental issues & total profit using system dynamics. in Proceedings - Asia Modelling Symposium 2013: 7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013., 6664691, IEEE Computer Society, pp. 187-192, 7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013, Kuala Lumpur, Malaysia, 23-07-13. https://doi.org/10.1109/AMS.2013.34

Exploring closed loop supply chain for optimisation of environmental issues & total profit using system dynamics. / Fainaze, Hassan; Rodrigues, Lewlyn Lester Raj; Nair, Girish.

Proceedings - Asia Modelling Symposium 2013: 7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013. IEEE Computer Society, 2013. p. 187-192 6664691.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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AB - Nowadays, as companies are adopting strategies that are in a better balance with environmental friendly practices, so "Going Green" is becoming an effective strategy in terms of costs benefits and customer satisfaction. The focus of this paper is on the study of recollection in Closed Loop Supply Chain (CLSC), using system dynamics approach, by identifying and establishing relationships between variables in a CLSC system. A system dynamic model has been developed to simulate the influence of recollection on various factors like demand, sales, uncontrollable disposal, recycling rate, serviceable inventory, and the total profit. The results have indicated that, on a long term basis, closed loop supply chain can be successfully adopted to improve the cost benefits and to reduce the uncontrollable product disposals.

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Fainaze H, Rodrigues LLR, Nair G. Exploring closed loop supply chain for optimisation of environmental issues & total profit using system dynamics. In Proceedings - Asia Modelling Symposium 2013: 7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013. IEEE Computer Society. 2013. p. 187-192. 6664691 https://doi.org/10.1109/AMS.2013.34