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776. Flexibility Focused Sustainable and Resilient Product Recovery Network Models

Invited abstract in session TC-53: Sustainability in Consumer Systems & Industry, stream Sustainable and Resilient Systems.

Tuesday, 12:30-14:00
Room: 8007 (building: 202)

Authors (first author is the speaker)

1. Jitender Madaan
Department of Management studies, Indian Institute of Technology Delhi
2. Ekachidd Chungcharoen
Operations Management, Thammasat Business School
3. Sanjeet Singh
Decision Sciences, Indian Institute of Management Lucknow

Abstract

Decision makers for adopting sustainability in their operations did not conventionally realize the environmental and socio-economic advantages of returns management. However, studies have shown sustainable investments in returns produce ecological improvements that can have considerable financial advantages (Win-win situation). However, comprehensive research is still required to achieve this sustainability to achieve economic and environmental paradigms. Research must focus on providing resilient models that demonstrate the competitive advantage companies can build by extracting value from product returns. It has also been realized that to make Enterprise Systems (ES) more sustainable, responsive, and competitive, considerable research effort is required to demonstrate performance improvement forward (i.e. flow of materials, products, and information from producer to consumer) as well as in reverse flows (referring to both recovery and return of products and information from consumer to producer). The tradeoffs between the performance objectives of both flows necessitate the development of enough process capabilities that can improve performance simultaneously. Flexibility can be seen as one such capability to enhance the resilience of value recovery flow systems. This is an effort to study and demonstrate economic performance through a resilient product recovery system under various scenarios, which is the primary subject of the paper.

Keywords

Status: accepted

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