TY - GEN
T1 - Exploring closed loop supply chain for optimisation of environmental issues & total profit using system dynamics
AU - Fainaze, Hassan
AU - Rodrigues, Lewlyn Lester Raj
AU - Nair, Girish
PY - 2013/1/1
Y1 - 2013/1/1
N2 - 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.
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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U2 - 10.1109/AMS.2013.34
DO - 10.1109/AMS.2013.34
M3 - Conference contribution
AN - SCOPUS:84892492702
SN - 9780769551012
T3 - Proceedings - Asia Modelling Symposium 2013: 7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013
SP - 187
EP - 192
BT - Proceedings - Asia Modelling Symposium 2013
PB - IEEE Computer Society
T2 - 7th Asia International Conference on Mathematical Modelling and Computer Simulation, AMS 2013
Y2 - 23 July 2013 through 25 July 2013
ER -
