2020/09/24 by Md. Mohsin Ahmed, S. M. Salauddin Iqbal, Ahmed, Md. Mohsin +9
Business, Management and Accounting · #Sustainable Supply Chain Management
paper · pdf · doi:10.48550/arxiv.2009.11979
Newly, the rates of energy and material consumption to augment industrial\npro-duction are substantially high, thus the environmentally sustainable\nindustrial de-velopment has emerged as the main issue of either developed or\ndeveloping coun-tries. A novel approach to supply chain management is proposed\nto maintain economic growth along with environmentally friendly concerns for\nthe design of the supply chain network. In this paper, a new green supply chain\ndesign approach has been suggested to maintain the financial virtue\naccompanying the environ-mental factors that required to be mitigated the\nnegative effect of rapid industrial development on the environment. This\napproach has been suggested a multi-objective mathematical model minimizing the\ntotal costs and CO2 emissions for establishing an environmentally sustainable\nclosed-loop supply chain. Two opti-mization methods are used namely Epsilon\nConstraint Method, and Genetic Al-gorithm Optimization Method. The results of\nthe two mentioned methods have been compared and illustrated their\neffectiveness. The outcome of the analysis is approved to verify the accuracy\nof the proposed model to deal with financial and environmental issues\nconcurrently.\n