Optimization of Profit, Risk and Service Level in Designing a Closed Loop Supply Chain Network by Considering the Location of Competitive Facilities in Uncertainty Conditions

Akhmetova G.T. Moldasheva A.K. Oteshova A.K. Nurpeiis G.S. Kassanova A.G.
December 2021 Korean Institute of Industrial Engineers

Industrial Engineering and Management Systems
2021 #20 Issue 4 501 - 508 pp.

This study presents an approach to modeling a closed loop supply chain design with the aim of maximizing profits and service levels and minimizing risk. Risk factor should be considered in strategic network decisions because the decision maker can make the supply chain profitable from the most prevalent risk. The main idea and innovation of this research is to provide a model to improve the models used in the field of demand dependent price changes. Changes in price and demand will be considered in strategic chain decisions. The second innovation of this research is considering the risk factor, which quantitative research has considered the risk factor in the discussion of supply chain competitiveness. Also, since the model is multi-objective, we used the epsilon constraint method to solve the problem in small dimensions and the Non-dominant sorting genetic algorithm method (NSGA-II) to solve large dimensions of the problem.

Closed-loop supply chain network , Epsilon constraint method , Location of competitive facilities , Multi-objective optimization , Non-dominant sorting genetic algorithm method , Profit and risk optimization and service level

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Dosmukhamedov Atyrau State University, Kazakhstan
Zhurgenov Kazakh National Academy of Arts Head, Department of Art, Kazakhstan
Kazakh-Russian International University, Kazakhstan
Atyrau Engineering and Humanitarian Institute, Kazakhstan

Dosmukhamedov Atyrau State University
Zhurgenov Kazakh National Academy of Arts Head
Kazakh-Russian International University
Atyrau Engineering and Humanitarian Institute

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