O'Reilly logo

23rd European Symposium on Computer Aided Process Engineering by Ilkka Turunen, Andrzej Kraslawski

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Risk management in the design and planning of closed-loop supply chains

Sónia R. Cardosoa, Ana Paula F.D. Barbosa-Povóaa and Susana Relvasa,    aCEG-IST, Instituto Superior Tecnico, Universidade Tecnica de Lisboa, Avenida Rovisco Pais, 1049–001, Lisboa, Portugal

Abstract

In this paper, we develop a multi-objective model for the design and planning of closed-loop supply chains under demand uncertainty that maximizes the expected net present value (ENPV) and minimizes risk. Four different risk measures are implemented and compared: variance, variability index, downside risk and conditional value-at-risk (CVaR) so as to conclude on these measures adequacy. The model is applied to a European supply chain and the optimal solutions are drawn in a ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required