An optimization approach to risk decision-making of closed-loop logistics based on SCOR model

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An optimization approach to risk decision-making of closed-loop logistics based on SCOR model

Renbin Xiao - Nama Orang; Zhengying Cai - Nama Orang; Xinhui Zhang - Nama Orang;

In green logistics operation, all logistics processes form a bidirectional closed-loop topology. In order to model and optimize such a kind of structure, a standardized closed-loop logistics operation reference model is built which aims to provide supply chain managers with general analysis. Based on the reference model, potential risks of closed-loop logistics chain can be analyzed including not only the visible forward and reverse logistics flow but also the invisible information flow. A qualitative decision-making model for different logistics organizations under risk is proposed and a profit function is developed according to logistics management decisionmaking process of all logistics nodes under different risks. The proposed model considers different risk management strategy problems. The optimization problem is described as a multi-objective decision-making problem with minimization of the risk loss as well as risk management cost and maximization of the profit. The profit model is solved by genetic algorithm. In the model, in order to express uncertainties of different risk preference information, risk is assessed by a three-dimensional vector in priority, probability and loss. A quantified reference model is introduced through a three-dimensional vague vector map, where several information gathering methods based on vague set are discussed and compared through a case study.

Ketersediaan

IPC Corporate University Library ATC LO ZHA a C.1

ATC1601485

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Informasi Detail

Judul Seri: Optimization: A Journal of Mathematical Programming and Operations Research
No. Panggil: ATC LO ZHA a
Penerbit: USA : Taylor and Francis., 2012
Deskripsi Fisik: 32 p.
Bahasa: English
ISBN/ISSN: -
Klasifikasi: LO
Tipe Isi: -
Tipe Media: -
Tipe Pembawa: online resource
Edisi: Vol. 61, No. 10, October 2012
Subjek: genetic algorithm
Risk Assessment
closed-loop logistics chain
supply chain operations reference model
vague set
Info Detail Spesifik: -
Pernyataan Tanggungjawab: Xinhui Zhang

Versi lain/terkait

Judul	Edisi	Bahasa
Supplier risk assessment and monitoring for the automotive industry	Vol. 38 No. 2, 2008	en

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