Securing the Sustainability of Global Medical Nuclear Supply Chains Through Economic Cost Recovery, Risk Management, and Optimization

International Journal of Sustainable Transportation (2015), 9(6), pp 405-418

40 Pages Posted: 1 Dec 2016

See all articles by Anna Nagurney

Anna Nagurney

University of Massachusetts Amherst - Isenberg School of Management - Department of Operations and Information Management

Ladimer S. Nagurney

University of Hartford - Department of Electrical and Computer Engineering

Dong Li

Arkansas State University - College of Business - Department of Management and Marketing

Date Written: June 2012

Abstract

In this paper, we develop a new generalized network model for the optimization of the complex operations of medical nuclear supply chains in the case of the radioisotope molybdenum, with a focus on minimizing the total operational cost, the total waste cost, and the risk associated with this highly time-sensitive and perishable, but critical, product used in healthcare diagnostics. Our model allows for the evaluation of transitioning the production and processing of the radioisotope from highly enriched uranium targets to low enriched uranium targets. A case study for North America demonstrates how our model and computational framework can be applied in practice.

Keywords: Supply chains, Nuclear medicine, Sustainable transportation, Healthcare security, Multicriteria decision-making, Risk management, Optimization, Variational inequalities, Generalized networks, Molybdenum, Time-sensitive products, Radioactive decay

Suggested Citation

Nagurney, Anna and Nagurney, Ladimer S. and Li, Dong, Securing the Sustainability of Global Medical Nuclear Supply Chains Through Economic Cost Recovery, Risk Management, and Optimization (June 2012). International Journal of Sustainable Transportation (2015), 9(6), pp 405-418, Available at SSRN: https://ssrn.com/abstract=2877530

Anna Nagurney

University of Massachusetts Amherst - Isenberg School of Management - Department of Operations and Information Management ( email )

Amherst, MA 01003-4910
United States

Ladimer S. Nagurney

University of Hartford - Department of Electrical and Computer Engineering ( email )

West Hartford, CT 06117
United States

Dong Li (Contact Author)

Arkansas State University - College of Business - Department of Management and Marketing ( email )

P.O.Box 59
State University, AR 72467
United States
8709723728 (Phone)
8709723883 (Fax)

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