The research findings reveal the potential of blockchain technology in the fresh product industry, underscoring its significance in the development of sustainable and efficient supply chains.
Authors
Qingyuan Zhu, College of Economics and Management, Research Center for Soft Energy Science, Nanjing University of Aeronautics and Astronautics, Nanjing, China.
Yaoyao Sun, College of Economics and Management, Research Center for Soft Energy Science, Nanjing University of Aeronautics and Astronautics, Nanjing, China.
Sachin Kumar Mangla, Full Professor and Director, Research Center for Digital Circular Economy for Sustainable Development Goals (DCE-SDG), Jindal Global Business School, O.P. Jindal Global University, Haryana, India.
Sobhan Arisian, La Trobe Business School, La Trobe University, Melbourne, VIC, Australia.
Malin Song, School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu, China.
Summary
The growing demand for fresh products presents a formidable challenge for managers to design a supply chain that is both cost-effective and efficient while maintaining the freshness of the products. This article examines the use of blockchain technology as a solution for enhancing resource sharing and improving the efficiency and sustainability of fresh product supply chains.
In particular, we propose a smart contract that deals with the intricacies of the facility location-routing optimization problem, taking into account both resource sharing and product freshness requirements. To tackle this problem, we propose a hybrid solution approach that integrates a greedy clustering algorithm and the YALMIP toolbox.
Our computational experiments validate the effectiveness of the proposed model and the feasibility of the presented solution method. Our research findings reveal the potential of blockchain technology in the fresh product industry, underscoring its significance in the development of sustainable and efficient supply chains.
Furthermore, the proposed model and adopted solution method contribute to the advancement of the fresh product supply chain and provide practical suggestions for managers and policymakers.
Published in: IEEE Transactions on Engineering Management
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