Sustainable Planning of Supply Chains in Large-Scale Systems with Real Options Analysis

Authors

Abstract:

This paper presents a structure that empower designing supervisory groups to survey the estimation of real options in projects of enormous scale, incompletely standardized frameworks actualized a couple of times over the medium term. Specific options writing is done using a methodology of planning the design and making prior decisions regarding the arrangements of specific options, with a recreation-based value measure designed to be near-current construction rehearsals and to resolve financial problems in particular cases. To study the case and demonstrate the actual application of this method, drug chain modeling at the tactical level was investigated. The physical and financial flow and their disturbance are simultaneously modulated. In order to complete the financial flow, financial ratios are also entered into the model. Problem uncertainty has been modeled using one of the most recent robust optimization approaches called Robust Possibilistic Programming (RPP) in combination with real options theory. The model was applied to a case study and its results were analyzed and validated by GAMS software. The results show that without violating the limitations of the problem, it shows appropriate decisions to deal with the problem.

Upgrade to premium to download articles

Sign up to access the full text

Already have an account?login

similar resources

Fuzzy revenue efficiency in sustainable supply chains

The performance assessment of supply chains including sustainability dimensions of economic, environmental and social is a significant aspect for managers and decision makers. Furthermore, imprecise data are presented in many real world applications. Therefore, the current paper proposes an approach based on data envelopment analysis (DEA) to analyze the revenue efficiency of sustainable supply...

full text

Developing sustainable food supply chains.

This paper reviews the opportunities available for food businesses to encourage consumers to eat healthier and more nutritious diets, to invest in more sustainable manufacturing and distribution systems and to develop procurement systems based on more sustainable forms of agriculture. The important factors in developing more sustainable supply chains are identified as the type of supply chain i...

full text

Real Options: Dealing with Uncertainty in Systems Planning and Design

The integration of "real options" analysis will radically change the design of public and private systems. It will change the processes of system design, the way planners deal with uncertainly and risk. It will also change the outcomes, the kinds of elements designers build into the system as they develop it. This paper explains this coming evolution, and presents cases documenting the changes ...

full text

SuStainable benchmarking of food Supply chainS

An organization’s long-term viability and competitiveness should not be evaluated solely in terms of financial measures. Investors, policy makers, and other stakeholders increasingly seek to evaluate performance with respect to sustainability—the environmental, social, and economic performance of an organization. But measuring and improving the sustainability performance of supply chains is cha...

full text

Optimization and Evaluation of Sustainable Supply Chains

Increasing environmental concerns together with legislations are forcing industries to take a fresh look at the impact of their supply chain operations on the environment. This paper introduces a mixed-integer linear programming based framework for sustainable supply chain design that considers life cycle assessment (LCA) principles in addition to the traditional material balance constraints at...

full text

My Resources

Save resource for easier access later

Save to my library Already added to my library

{@ msg_add @}


Journal title

volume 10  issue 1

pages  19- 42

publication date 2019-07

By following a journal you will be notified via email when a new issue of this journal is published.

Keywords

No Keywords

Hosted on Doprax cloud platform doprax.com

copyright © 2015-2023