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Viable supply chain with vendor-managed inventory approach by considering blockchain, risk and robustness

Author

Listed:
  • Reza Lotfi

    (Yazd University
    Behineh Gostar Sanaye Arman)

  • Mohsen Rajabzadeh

    (Kheradgarayan Motahar Institute of Higher Education)

  • Abolfazl Zamani

    (Zahedan Azad University)

  • Mohammad Sadra Rajabi

    (University of Tehran)

Abstract

This research shows a Viable Supply Chain with Vendor Managed Inventory approach by considering Blockchain, Risk, and Robustness. We embedded Blockchain Technology (BCT) to improve SC agility. To tackle risk and robustness, we suggest a new objective function with the weighted expected value, worst case, and Entropic Value at Risk for considering risk and robustness under different scenarios. This model is Mixed-Integer Linear Programming, and GAMS-Bonmin is utilized to solve it. The case study of this research is on the Pharmacy industry. We compare problems in the situation with BCT and without BCT. The results show that the cost function of the main problem without BCT is greater than the same problem with BCT, and its gaps are 0.61%. Finally, the cost function increase by increasing the conservative coefficient and decreasing the resiliency coefficient. The cost function reduces by increasing the confidence level. We change the scale of the problem and define problems. By increasing the scale of the problem, the solution time increased.

Suggested Citation

  • Reza Lotfi & Mohsen Rajabzadeh & Abolfazl Zamani & Mohammad Sadra Rajabi, 2025. "Viable supply chain with vendor-managed inventory approach by considering blockchain, risk and robustness," Annals of Operations Research, Springer, vol. 344(2), pages 575-594, January.
    • Handle: RePEc:spr:annopr:v:344:y:2025:i:2:d:10.1007_s10479-022-05119-y
    DOI: 10.1007/s10479-022-05119-y
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    References listed on IDEAS

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    1. Salomée Ruel & Jamal El Baz & Dmitry Ivanov & Ajay Das, 2024. "Supply chain viability: conceptualization, measurement, and nomological validation," Annals of Operations Research, Springer, vol. 335(3), pages 1107-1136, April.
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    6. Weißhuhn, Sandria & Hoberg, Kai, 2021. "Designing smart replenishment systems: Internet-of-Things technology for vendor-managed inventory at end consumers," European Journal of Operational Research, Elsevier, vol. 295(3), pages 949-964.
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    8. Ehsan Najafnejhad & Mahdieh Tavassoli Roodsari & Somayeh Sepahrom & Mojtaba Jenabzadeh, 2021. "A mathematical inventory model for a single-vendor multi-retailer supply chain based on the Vendor Management Inventory Policy," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(3), pages 579-586, June.
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