![](/images/graphics-bg.png)
Analysis of Traceability Optimization and Shareholder’s Profit for Efficient Supply Chain Operation under Product Recall Crisis
Joint Authors
Lee, Young Hae
Memon, Muhammad Saad
Mari, Sonia Irshad
Source
Mathematical Problems in Engineering
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-11-11
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
Product recall gains considerable importance in recent times; the reason may be the huge losses faced by manufacturers because of product recall issues.
Furthermore, the revenue of the firm is immensely affected as a result of product recall, which may lead to serious outcomes.
Huge recall cost (such as repairing or destroying the recalled products and cost of notification) occurs as a result of large recall.
Therefore, in order to minimize the quantity and probability of recalls the traceability systems are widely used and considered as a necessary part of product safety strategies.
However, from literature it is clear that manufacturers are still struggling to obtain the significant results.
This study helps the managers to understand the importance of recall cost by analysing its impact on shareholders profit.
Keeping in view the importance of problem, the paper proposed an integrated optimization model to minimize the expected loss to shareholders in recall crisis using batch dispersion methodology.
The analysed results show that reduction in traceability level increases the expected shareholders losses while decreasing the operational costs.
This will help managers to optimally set the production batch sizes in order to reduce the product recall impact.
American Psychological Association (APA)
Memon, Muhammad Saad& Lee, Young Hae& Mari, Sonia Irshad. 2015. Analysis of Traceability Optimization and Shareholder’s Profit for Efficient Supply Chain Operation under Product Recall Crisis. Mathematical Problems in Engineering،Vol. 2015, no. 2015, pp.1-8.
https://search.emarefa.net/detail/BIM-1074985
Modern Language Association (MLA)
Memon, Muhammad Saad…[et al.]. Analysis of Traceability Optimization and Shareholder’s Profit for Efficient Supply Chain Operation under Product Recall Crisis. Mathematical Problems in Engineering No. 2015 (2015), pp.1-8.
https://search.emarefa.net/detail/BIM-1074985
American Medical Association (AMA)
Memon, Muhammad Saad& Lee, Young Hae& Mari, Sonia Irshad. Analysis of Traceability Optimization and Shareholder’s Profit for Efficient Supply Chain Operation under Product Recall Crisis. Mathematical Problems in Engineering. 2015. Vol. 2015, no. 2015, pp.1-8.
https://search.emarefa.net/detail/BIM-1074985
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1074985