| Title |
A Location-Inventory Problem in a Closed-Loop Supply Chain with Secondary Market Consideration |
| ID_Doc |
77064 |
| Authors |
Guo, H; Li, CD; Zhang, Y; Zhang, CN; Lu, MM |
| Title |
A Location-Inventory Problem in a Closed-Loop Supply Chain with Secondary Market Consideration |
| Year |
2018 |
| Published |
Sustainability, 10, 6 |
| DOI |
10.3390/su10061891 |
| Abstract |
To design sustainable supply chain systems in today's business environment, this paper studies a location-inventory problem in a closed-loop supply chain by considering the sales of new and used products in the primary and secondary markets, respectively. This problem is formulated as a mixed-integer nonlinear program to optimize facility location and inventory management decisions jointly, and the logistics flows between the two markets are modeled dynamically. To solve this problem efficiently, a new heuristic approach is also developed by introducing an effective adaptive mechanism into differential evolution. Finally, numerical experiments are presented to validate the solution approach and provide valuable managerial insight. This paper makes a meaningful contribution to the literature by incorporating the secondary market into the study of closed-loop supply chains, and practically, it is also greatly beneficial to improve the sustainability and efficiency of modern supply chains. |
| Author Keywords |
location-inventory problem; secondary market; closed-loop supply chain; reverse logistics; consumer returns; differential evolution; mixed-integer nonlinear programming; sensitivity analysis |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000436570100203 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
https://www.mdpi.com/2071-1050/10/6/1891/pdf?version=1528345888
|