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Green Drug Supply Chain Investigation by Time-Market Balance and Risk

Title:

Green Drug Supply Chain Investigation by Time-Market Balance and Risk

Entezami, Mahmoudreza and Havaeji, Hossein (2023) Green Drug Supply Chain Investigation by Time-Market Balance and Risk. World Journal of Engineering and Technology, 11 (3). pp. 611-631. ISSN 2331-4249

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Official URL: https://doi.org/10.4236/wjet.2023.113042

Abstract

The quality of pharmaceutical products plays a crucial role in healthcare systems such as hospitals for better patient services. Drug Supply Chain Management requires approaches to uncertainty and risk consideration. This study is a comprehensive multi-objective mathematical model considering the uncertainties and potential reserves in supply and medicine. The proposed model includes three general objective functions that minimize total production costs, including the costs of transportation, maintenance, breakdown, collection, and disposal of waste. The model also maximizes the quality of potential storage. The results show the proposed method has a high quality to solve the model and leads to the optimization of the results to provide the drug supply chain for the proposed example. We have identified three important risks and uncertainties in addressing drug supply planning: the indefinite duration of the licensing process, the risk of a forced brand change, and indefinite repayment levels that lead to varied demand diversification. The results of comparison with other multi-objective optimization methods in existing articles also show better performance of the proposed model. A significant cost reduction results from implementing our model instead of using the over-storage role to estimate the volume of active drug elements, as seen in today’s industry.

Divisions:Concordia University > Gina Cody School of Engineering and Computer Science > Computer Science and Software Engineering
Item Type:Article
Refereed:Yes
Authors:Entezami, Mahmoudreza and Havaeji, Hossein
Journal or Publication:World Journal of Engineering and Technology
Date:29 August 2023
Digital Object Identifier (DOI):10.4236/wjet.2023.113042
Keywords:Market Supply Planning, New Product Introduction, Two-Stage Variable Planning, Regulation Affairs
ID Code:992877
Deposited By: Mahmoudreza Entezami
Deposited On:14 Sep 2023 14:29
Last Modified:14 Sep 2023 14:29
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