A Fuzzy Goal-Programming Model for Optimization of Sustainable Supply Chain by Focusing on the Environmental and Economic Costs and Revenue: A Case Study

Journal Title: Advances in Mathematical Finance and Applications - Year 2019, Vol 4, Issue 1

Abstract

Sustainable supply chain has become an integral part of the corporate strategy. In this paper, a real case study of the natural gas supply chain has been investigated. Using concepts related to natural gas industry and the relations among the compo-nents of gas and oil wells, refineries, storage tanks, dispatching, transmission and distribution network, a seven-level supply chain has been introduced and present-ed schematically. The aim of this paper is to optimize a case study using a fuzzy goal-programming multi-period model considering environmental and economic costs and revenue as fuzzy goals and maximize the total degree of satisfaction of goals as objective function. A small-sized problem was solved using GAMS 23.2.1 software and sensitivity analysis was conducted on its parameters. To the best of our knowledge, this is the first study that presents a fuzzy goal program-ming model for the optimization of sustainable natural gas supply chain by focus-ing on the environmental and economic costs and total revenue of gas products and the other main contribution of this research is focused to the developing of the mentioned model.

Authors and Affiliations

Mohammad Reza Zamanian, Ehsan Sadeh, Zeinolabedin Amini Sabegh, Reza Ehtesham Rasi

Keywords

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  • EP ID EP475022
  • DOI 10.22034/AMFA.2019.578990.1134
  • Views 34
  • Downloads 0

How To Cite

Mohammad Reza Zamanian, Ehsan Sadeh, Zeinolabedin Amini Sabegh, Reza Ehtesham Rasi (2019). A Fuzzy Goal-Programming Model for Optimization of Sustainable Supply Chain by Focusing on the Environmental and Economic Costs and Revenue: A Case Study. Advances in Mathematical Finance and Applications, 4(1), 103-123. https://europub.co.uk/articles/-A-475022