Closed-loop supply chain configuration for new and reconditioned products: An integrated optimization model

Gaur, Jighyasu; Amini, Mehdi; Rao, A.K.

doi:10.1016/j.omega.2015.11.008

Cited by 107 publications

(57 citation statements)

References 63 publications

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“…Gaur et al [26] proposed an integrated optimization model for a closed-loop supply chain to maximize the NPV of total net profit over the entire lifecycle of both new and reconditioned products while satisfying financial constraints relevant to a closed-loop supply chain. Based on a real-world case study of a battery manufacturer, the experimental results of their study showed that using NPV as objective function is significantly better than the general supply chain model.…”

Section: Introductionmentioning

confidence: 99%

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A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

2017

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Abstract:Although several studies have explored the relationship between the operation and performance of a supply chain (SC), a general SC model cannot deliver the expected financial results at a company-wide level. In this paper, we argue that this cannot guarantee the maximization of a firm's overall value because short-term financial performance metrics do not reflect the risk to businesses and the invested capital. Owing to the varying natures of risk and the capital invested, firms with multiple divisions should assess each division separately, and the results can be compared for decisions concerning the allocation of the firm's capital and resources to maximize the overall value of its businesses. We propose a linkage model to consider operational activities and financial performance simultaneously in a firm's supply chain model. To exhibit the superiority of the proposed model that connects SC operation and financial indicators, we first compare the differences between models for maximizing profit and enterprise-wise economic value added (EVA) as objective functions. To examine uncertainty in the operational and financial parameters of the SC, the results of sensitivity analyses are then reported. Experimental results showed that our model, using the EVA approach, is more effective and superior in terms of maximizing the firm's overall value from the long-term perspective while satisfying the target values for financial ratios set by the firm's executives and shareholders for all periods, unlike the results of the general model.

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Section: Introductionmentioning

confidence: 99%

“…The net sales (NTS) and cost of goods sold (COGS) of each division is calculated by Equations (26) and (27), respectively. In particular, as shown in Equations (28) to (31), COGS is computed by the sum of production, transportation, handling, and storage costs:…”

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confidence: 99%

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

2017

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“…Herein, δ ∈ [0, 1]. Both consumers are heterogeneous with their willingness to pay θ, which is uniformly distributed in the interval [0,1]. The larger the value of θ, the higher the consumers' preference to online-recycling channel.…”

Section: Notation Definition P Nmentioning

confidence: 99%

“…For the case of online-recycling channel, we examine two distinct cases: (1) No cost disruptions (Model M-R); and (2) Cost disruption (Model M-R-D). In this channel, the manufacturer directly collects used products from consumers and determines the selling price p n and the acquisition price p d .…”

Section: Single Online-recycling Channelmentioning

confidence: 99%

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Dual-Recycling Channel Decision in a Closed-Loop Supply Chain with Cost Disruptions

Huang

Wang

2017

Sustainability

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This paper investigates cost disruptions of new and remanufactured products in a closed-loop supply chain where a manufacturer and a third-party collector recycle used products through online-recycling and offline-recycling channels, respectively. We use a Stackelberg game to acquire the equilibrium decisions of dual-recycling and single-recycling channels and analyze how cost disruptions affect the manufacturer' production and collection strategies. We show that, cost disruption of new products produces a positive impact whilst the remanufacturing cost disruption has a negative impact on collection quantity of used products and negative cost disruptions of both new and remanufactured products could be profitable to the manufacturer. As for the manufacturer's channel choice, the dual-recycling channel dominates single-recycling channels when new product cost faces positive disruption, because the manufacturer acts as both a buyer and a competitor to the collector and can determine an appropriate acquisition price and transfer price to coordinate the online-offline recycling channel. While if cost disruption of new products is negative, the manufacturer prefers the dual-recycling channel instead of single-recycling channels only if the remanufacturing cost faces large size of negative disruption.

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Status of corporate sustainability: a content analysis of Fortune 500 companies

2018

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In order to explore and extend our understanding of corporate sustainability definitions and frameworks, we performed a content analysis of a sample of (2013) Fortune 500 companies' standalone sustainability reports using the content analysis tool, Leximancer (http://leximancer.com). Leximancer is a powerful content analysis tool that performs both conceptual and thematic analysis. In addition, Leximancer displays the results of the analyses visually, thus providing a view of the conceptual and thematic structure of the text, and enabling a researcher to quantify and display the text structure. The results of our analyses demonstrate three common themes (Business, Employees and Energy/Environment) observable across eight of the nine industries in our sample. In addition, we observed significant differences in the relative emphasis for the three common themes across industries. We believe a deeper understanding of the themes that motivate firms' sustainability efforts can enhance future research that explores relationships between organizational sustainability efforts and organizational performance.

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Closed-loop supply chain configuration for new and reconditioned products: An integrated optimization model

Cited by 107 publications

References 63 publications

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

Dual-Recycling Channel Decision in a Closed-Loop Supply Chain with Cost Disruptions

Status of corporate sustainability: a content analysis of Fortune 500 companies

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