A Modeling and Optimization of Closed Loop Supply Chain System with Inventory at Multiple Periods

A Sasikumar¹, K Natarajan², M Ramasubramaniam³

¹Karpagam Institute of Technology, ²P.S.G College of Technology, ³Loyola Institute of Business Administration

Abstract

This paper aims to model and optimize the closed loop supply chain for maximizing the profit by considering the fixed order quantity inventory polices in various sites at multiple periods. This model investigates the three major return-recovery pair such as commercial returns, end - of - use returns, end - of - life returns and their inventory position at multiple periods. To develop this model, closed loop supply chain networks consists of supplier, manufacturer, distributer, retailer, customers and for major returns- repair, collection site, repair site, disassembly site, recycling site and disposal site were included in the network. The Performance of the model is analyzed using numerical investigations with sensitivity analysis.

Keywords

• Closed loop supply chain (CLSC), Product Life cycle (PLC), Mixed- Integer Linear Programming (MILP), Inventory, Reverse logistics

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Cite this Article as Follows

A Sasikumar, K Natarajan, M Ramasubramaniam. "A Modeling and Optimization of Closed Loop Supply Chain System with Inventory at Multiple Periods" International Conference on Systems, Science, Control, Communication, Engineering and Technology (2016): 177-188. Print.