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Q1(Year 2015)
ISSN : 1026-3098
e-ISSN : 2345-3605
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Publication Information : Volume 23 - Number 1 - Successive Number 1
Type : Article
Topics of Paper : Transaction on Industrial Engineering
English Title : A two-stage stochastic programming model for value-based supply chain network design
English Abstract : Nowadays, Value –based Supply Chain Management (VbSCM) is considered as a resource of competitive advantages, and companies with a long term strategic plan find the VbSCM as an effective factor in sustainability. In this context, supply chain network design has a significant impact on all value drivers (i.e. sales, supply chain costs, fixed assets and working capital). This paper proposes a stochastic mixed integer linear programming model for the value-based supply chain network design in which decisions on physical flow (raw materials and finished products) and financial flow are integrated. The proposed model is designed for a four-echelon, multi-commodity, multi-period supply chain and maximizes the value of the company based on the economic value-added concept by making some strategic and tactical decisions affecting the value drivers. Furthermore, a scenario-based two-stage stochastic programming model is developed with a scenario generation method based on Nataf transformation. Also, a computational analysis is done to illustrate performance of the proposed approach.
English Keywords : Supply chain network design, Value based management, Two-stage stochastic programming, Correlated parameters
Refrences :
Number Of Pages :
From 348 to 360


Authors :
The AuthorAuthor SequenceOrganizationOrganization ( english )AffiliationEmailEducation
H. Badri 1Department of Industrial Engineering, Amirkabir University of Technology, 424 Hafez Avenue, 1591634311, Tehran, Iran    
Prof. S.M.T. Fatemi Ghomi
(Author)
2Department of Industrial Engineering, Amirkabir University of Technology, 424 Hafez Avenue, 1591634311, Tehran, Iran Professorfatemi@aut.ac.ir 
Dr. T.H. Hejazi 3Young Researchers and Elite Club, Qazvin Branch, Islamic Azad University, Qazvin, Iran    
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Transactions on Civil Engineering
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Transactions on Industrial Engineering
2016
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Transactions on Civil Engineering
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Transactions on Industrial Engineering
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2014
Transactions on Civil Engineering
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Transactions on Industrial Engineering
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Transactions on Civil Engineering
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Transactions on Computer Science & Engineering and Electrical Engineering
Transactions on Industrial Engineering
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