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

Hassan Fainaze, Lewlyn Lester Raj Rodrigues, Girish Nair

Research output: Chapter in Book/Report/Conference proceedingConference 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 languageEnglish
Title of host publicationProceedings - Asia Modelling Symposium 2013
Subtitle of host publication7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013
PublisherIEEE Computer Society
Pages187-192
Number of pages6
ISBN (Print)9780769551012
DOIs
Publication statusPublished - 01-01-2013
Event7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013 - Kuala Lumpur, Malaysia
Duration: 23-07-201325-07-2013

Conference

Conference7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013
CountryMalaysia
CityKuala Lumpur
Period23-07-1325-07-13

    Fingerprint

All Science Journal Classification (ASJC) codes

  • Modelling and Simulation

Cite this

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