IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v97y2024ics0301420724005543.html
   My bibliography  Save this article

Optimization of production, distribution, natural resources and capacity planning throughout process sector worldwide supply chains with various goals

Author

Listed:
  • Yuan, Junli
  • lv, Zhaohe
  • Aliyeva, Tahmina
  • Chen, Xu

Abstract

This study delves into the intricate dynamics of green transformation within global mining and other process industries, focusing on production, distribution, and capacity planning under the framework of the Asian Mineral Vision. By addressing sustainability, resource efficiency, and cost reduction, the research highlights the multifaceted challenges faced by industry participants in achieving green objectives. In addition to financial efficiency, the study emphasizes the importance of customer service quality and responsiveness. To tackle these challenges, we propose a novel multiobjective mixed-integer linear programming (MILP) approach. The model incorporates key goals such as minimizing total cost, total flow time, and total missed sales, reflecting the interconnected nature of financial efficiency, operational agility, and customer satisfaction. To further enhance the model's flexibility, we integrate discrete strategies for plant capacity expansion, recognizing the crucial role of capacity management in responding to evolving demand dynamics. The multiobjective optimization problem is addressed using the lexicographic minimax technique and the ε-constraint method. A comprehensive numerical example illustrates the practical relevance and effectiveness of our proposed model and solution methods, providing valuable insights into improving the resilience and performance of green supply chain networks in the process industry.

Suggested Citation

  • Yuan, Junli & lv, Zhaohe & Aliyeva, Tahmina & Chen, Xu, 2024. "Optimization of production, distribution, natural resources and capacity planning throughout process sector worldwide supply chains with various goals," Resources Policy, Elsevier, vol. 97(C).
    • Handle: RePEc:eee:jrpoli:v:97:y:2024:i:c:s0301420724005543
    DOI: 10.1016/j.resourpol.2024.105187
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724005543
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.105187?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Xiuzhen, Xie & Zheng, Wenxiu & Umair, Muhammad, 2022. "Testing the fluctuations of oil resource price volatility: A hurdle for economic recovery," Resources Policy, Elsevier, vol. 79(C).
    2. Xiang Cui & Muhammad Umair & Ganijon Ibragimove Gayratovich & Azer Dilanchiev, 2023. "Do Remittances Mitigate Poverty? An Empirical Evidence From 15 Selected Asian Economies," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 68(04), pages 1447-1468, June.
    3. Cristina Maranesi & Pietro De Giovanni, 2020. "Modern Circular Economy: Corporate Strategy, Supply Chain, and Industrial Symbiosis," Sustainability, MDPI, vol. 12(22), pages 1-25, November.
    4. Balsalobre-Lorente, Daniel & Shahbaz, Muhammad & Roubaud, David & Farhani, Sahbi, 2018. "How economic growth, renewable electricity and natural resources contribute to CO2 emissions?," Energy Policy, Elsevier, vol. 113(C), pages 356-367.
    5. Zhang, Wei & Liu, Xuemeng & Wang, Die & Zhou, Jianping, 2022. "Digital economy and carbon emission performance: Evidence at China's city level," Energy Policy, Elsevier, vol. 165(C).
    6. Li, ChangZheng & Umair, Muhammad, 2023. "Does green finance development goals affects renewable energy in China," Renewable Energy, Elsevier, vol. 203(C), pages 898-905.
    7. Yu, Miaozhi & Wang, Yifan & Umair, Muhammad, 2024. "Minor mining, major influence: Economic implications and policy challenges of artisanal gold mining," Resources Policy, Elsevier, vol. 91(C).
    8. Usman, Muhammad & Jahanger, Atif & Makhdum, Muhammad Sohail Amjad & Balsalobre-Lorente, Daniel & Bashir, Adnan, 2022. "How do financial development, energy consumption, natural resources, and globalization affect Arctic countries' economic growth and environmental quality? An advanced panel data simulation," Energy, Elsevier, vol. 241(C).
    9. Yiming, Wang & Xun, Liu & Umair, Muhammad & Aizhan, Assilova, 2024. "COVID-19 and the transformation of emerging economies: Financialization, green bonds, and stock market volatility," Resources Policy, Elsevier, vol. 92(C).
    10. Hepei Li & Chen Chen & Muhammad Umair, 2023. "Green Finance, Enterprise Energy Efficiency, and Green Total Factor Productivity: Evidence from China," Sustainability, MDPI, vol. 15(14), pages 1-14, July.
    11. Yu, Mengyan & Umair, Muhammad & Oskenbayev, Yessengali & Karabayeva, Zhаnsaya, 2023. "Exploring the nexus between monetary uncertainty and volatility in global crude oil: A contemporary approach of regime-switching," Resources Policy, Elsevier, vol. 85(PB).
    12. Sinha, Avik & Shahbaz, Muhammad & Balsalobre, Daniel, 2017. "Exploring the Relationship between Energy Usage Segregation and Environmental Degradation in N-11 Countries," MPRA Paper 81212, University Library of Munich, Germany, revised 07 Sep 2017.
    13. Liu, Fang & Umair, Muhammad & Gao, Junjun, 2023. "Assessing oil price volatility co-movement with stock market volatility through quantile regression approach," Resources Policy, Elsevier, vol. 81(C).
    14. Yuxin Ning & Yihan Zhang, 2023. "Does Digital Finance Improve Corporate ESG Performance? An Intermediary Role Based on Financing Constraints," Sustainability, MDPI, vol. 15(13), pages 1-17, July.
    15. Wu, Qihan & Yan, Dong & Umair, Muhammad, 2023. "Assessing the role of competitive intelligence and practices of dynamic capabilities in business accommodation of SMEs," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 1103-1114.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Huang, Weiping & Das, Ghansham & Dilanchiev, Azer & Giyasova, Zeynab & Gu, Mangi, 2024. "Role of multiple energy sources under carbon neturality goals, income and energy consumption in transition economies: A joint case study between China and Uzbekistan," Energy, Elsevier, vol. 309(C).
    2. Zhang, Yuan & Zhang, Huaqiao & Ullah, Mirzat & Nazir, Sidra & Chun, Zhong, 2024. "Intellectual property protection in the oil, gold sectors and mineral resources rent on indigenous populations: Preserving innovation and value," Resources Policy, Elsevier, vol. 95(C).
    3. Cheng, WeiJin & Ming, Kai & Ullah, Mirzat, 2024. "Oil price volatility prediction using out-of-sample analysis – Prediction efficiency of individual models, combination methods, and machine learning based shrinkage methods," Energy, Elsevier, vol. 300(C).
    4. Cao, Shanshan & Huang, Lin & Zhang, Qingping & hán, Zǐ, 2024. "Energy transition to green energy sources – Role of socioeconomic disparities and administrative policies," Energy, Elsevier, vol. 312(C).
    5. Li, Qingwei & He, Huiming & Oskenbayev, Yessengali & Ullah, Ihsan, 2024. "Exploring the nexus of geopolitical risk, green financing, and natural resource rents: A study of Russia's economic growth," Resources Policy, Elsevier, vol. 96(C).
    6. Mao, Yanfei & E, Shiju & Zhu, Chungeng, 2024. "Modern developments and analysis of household electricity utilization by applying smart meter and its findings," Energy, Elsevier, vol. 310(C).
    7. Chen, Guoli & Qian, Zhe & Bolatbek, Botagoz & Na, Liu, 2024. "A comparative study of the nexus of natural resource investment in national economies: Effects on cultural communication and economic growth," Resources Policy, Elsevier, vol. 94(C).
    8. Huang, Zilong & Ren, Xiaocong, 2024. "Impact of natural resources, resilient economic growth, and energy consumption on CO2 emissions," Resources Policy, Elsevier, vol. 90(C).
    9. Yu, Miaozhi & Wang, Yifan & Umair, Muhammad, 2024. "Minor mining, major influence: Economic implications and policy challenges of artisanal gold mining," Resources Policy, Elsevier, vol. 91(C).
    10. Zhong, Xingxing & Zhao, Lei, 2024. "Alternative economic strategies for an ecological resurrection: The case of natural resource markets," Resources Policy, Elsevier, vol. 90(C).
    11. Wang, Yan & Yang, Tianxiao & Liu, Zhaomin & Chi, Zhong & Lu, Lili, 2024. "Combining natural resources to drive technology and efficiency for a greener economic recovery," Resources Policy, Elsevier, vol. 89(C).
    12. Bai, Bing, 2023. "Fiscal stimulus and natural resource efficiency: A comprehensive approach to a green economic recovery," Resources Policy, Elsevier, vol. 86(PB).
    13. Meng, Fanting, 2024. "Driving sustainable development: Fiscal policy and the promotion of natural resource efficiency," Resources Policy, Elsevier, vol. 90(C).
    14. Li, Zerong & Li, Lan & Hui, Mo, 2024. "Fostering green economic growth through sustainable management of natural resources," Resources Policy, Elsevier, vol. 91(C).
    15. Zhang, Rongxin & Aljumah, Ahmad Ibrahim & Ghardallou, Wafa & Li, Zeyun & Li, Jinhua & Cifuentes-Faura, Javier, 2023. "How economic development promotes the sustainability targets? Role of natural resources utilization," Resources Policy, Elsevier, vol. 85(PA).
    16. Lei, Hao & Zhu, Yu & Tan, Jinlong & Zhang, Xiaofeng, 2024. "Blending financial innovation with natural resource utilization: Pathways to green economic expansion," Resources Policy, Elsevier, vol. 89(C).
    17. Bin, Hu & Tuoyu, Li, 2024. "Greening the recovery: Natural resource sustainability and carbon assessment for financial development," Resources Policy, Elsevier, vol. 89(C).
    18. Li, Ziyao & Dai, Liuyi, 2024. "Impact of energy stability, natural resources, and energy efficiency on ecological sustainability," Resources Policy, Elsevier, vol. 90(C).
    19. Kong, Jiangwei & Gao, Mengxi, 2024. "Sustainable strategies for boosting profitability: Unveiling the connection between fiscal policy and natural resource efficiency," Resources Policy, Elsevier, vol. 88(C).
    20. Feng, Amei & Liu, Liqian, 2023. "Local green economic growth and natural resources development in China," Resources Policy, Elsevier, vol. 86(PB).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:97:y:2024:i:c:s0301420724005543. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.