An Optimum Sustainable Inventory Model for Non-Instantaneous Deterioration and Quality Assessment Under Carbon Emissions and Complete Backordering Shortage

2022 ◽  
Author(s):  
Rajesh Kumar Mishra ◽  
Vinod Kumar Mishra
Keyword(s):  
Quality Assessment ◽  
Carbon Emissions ◽  
Inventory Model

scholarly journals Optimizing a Sustainable Supply Chain Inventory Model for Controllable Deterioration and Emission Rates in a Greenhouse Farm

Mathematics ◽  
2021 ◽  
Vol 9 (5) ◽  
pp. 495
Author(s):  
Umakanta Mishra ◽  
Abu Hashan Md Mashud ◽  
Ming-Lang Tseng ◽  
Jei-Zheng Wu
Keyword(s):  
Supply Chain ◽  
Carbon Emissions ◽  
Trade Credit ◽  
Numerical Study ◽  
Inventory Model ◽  
Green Technology ◽  
Solution Technique ◽  
Emission Rates ◽  
Sustainable Supply Chain ◽  
Green Technologies

This study investigated how greenhouse managers should invest in preservation and green technologies and introduce trade credit to increase their profits. We propose a supply chain inventory model with controllable deterioration and emission rates under payment schemes for shortage and surplus, where demand depends on price and trade credit. Carbon emissions and deterioration are factors affecting global warming, and many greenhouse managers have focused on reducing carbon emissions. Carbon caps and tax-based incentives have been used in many greenhouses to achieve such reduction. Because of the importance of reducing carbon emissions for developing a green supply chain, various studies have investigated how firms deal with carbon emission constraints. In this continuation, we have used green technology to curb the excessive emissions from the environment or make it clean from CO2. In a seller–buyer relationship, the seller can offer a trade credit period to the buyer to manage stock and stimulate demand. Deterioration may become a challenge for most firms as they are under time constraints control, and preservation technology could help. This study proposes three novel inventory strategies for a sustainable supply chain (full backorder, partial backorder, and no backorder), linking all these important issues. The solution optimizes total annual profit for inventory shortage or surplus. We conducted a numerical study with three examples to evaluate the model’s authenticity and effectiveness and demonstrate the solution technique. The deterioration and emission rates can be included in a trade credit policy to increase greenhouse profits. The results suggest that greenhouse managers could apply the proposed model to manage real-world situations.

A sustainable inventory model with controllable carbon emissions, deterioration and advance payments

2021 ◽  
pp. 126608
Author(s):  
Abu Hashan Md Mashud ◽  
Dipa Roy ◽  
Yosef Daryanto ◽  
Ripon Kumar Chakrabortty ◽  
Ming-Lang Tseng
Keyword(s):  
Carbon Emissions ◽  
Inventory Model

scholarly journals A Production Inventory Model for Deteriorating Items with Collaborative Preservation Technology Investment Under Carbon Tax

2019 ◽  
Vol 11 (18) ◽  
pp. 5027 ◽  
Author(s):  
Shen ◽  
Shen ◽  
Yang
Keyword(s):  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Carbon Emissions ◽  
Carbon Tax ◽  
Inventory Model ◽  
Gas Emissions ◽  
Technology Investment ◽  
Preservation Technology ◽  
Production Inventory ◽  
Preservation Technology Investment

The increase in carbon emissions is considered one of the major causes of global warming and climate change. To reduce the potential environmental and economic threat from such greenhouse gas emissions, governments must formulate policies related to carbon emissions. Most economists favor the carbon tax as an approach to reduce greenhouse gas emissions. This market-based approach is expected to inevitably affect enterprises’ operating activities such as production, inventory, and equipment investment. Therefore, in this study, we investigate a production inventory model for deteriorating items under a carbon tax policy and collaborative preservation technology investment from the perspective of supply chain integration. Our main purpose is to determine the optimal production, delivery, ordering, and investment policies for the buyer and vendor that maximize the joint total profit per unit time in consideration of the carbon tax policy. We present several numerical examples to demonstrate the solution procedures, and we conduct sensitivity analyses of the optimal solutions with respect to major parameters for identifying several managerial implications that provide a useful decision tool for the relevant managers. We hope that the study results assist government organizations in selecting a more appropriate carbon emissions policy for the carbon reduction trend.

An entropic order quantity inventory model for quality assessment considering price sensitive demand

OPSEARCH ◽  
2019 ◽  
Vol 57 (1) ◽  
pp. 88-103 ◽  
Author(s):  
Sudipta Sinha ◽  
Nikunja Mohan Modak ◽  
Shib Sankar Sana
Keyword(s):  
Quality Assessment ◽  
Inventory Model ◽  
Order Quantity

scholarly journals A Multistage Sustainable Production–Inventory Model with Carbon Emission Reduction and Price-Dependent Demand under Stackelberg Game

2020 ◽  
Vol 10 (14) ◽  
pp. 4878
Author(s):  
Chi-Jie Lu ◽  
Tian-Shyug Lee ◽  
Ming Gu ◽  
Chih-Te Yang
Keyword(s):  
Supply Chain ◽  
Carbon Emissions ◽  
Stackelberg Game ◽  
Carbon Tax ◽  
Inventory Model ◽  
Sustainable Production ◽  
Equilibrium Solutions ◽  
Production Inventory ◽  
Dependent Demand ◽  
Tax Regulation

This paper investigated a multistage sustainable production–inventory model for deteriorating items (i.e., raw materials and finished goods) with price-dependent demand and collaborative carbon reduction technology investment under carbon tax regulation. The model was developed by first defining the total profit of the supply chain members under carbon tax regulation and, second, considering a manufacturer (leader)–retailer (follower) Stackelberg game. The optimal equilibrium solutions that maximize the manufacturer’s and retailer’s total profits were determined through the method analysis. An algorithm complemented the model to determine the optimal equilibrium solutions, which were then treated with sensitivity analyses for the major parameters. Based on the numerical analysis, (a) carbon tax policies help reduce carbon emissions for both the manufacturer and retailer; (b) most carbon emissions from supply chain operations negatively impact the total profits of both members; (c) the retailer may increase the optimal equilibrium selling price to respond to an increase in carbon emissions from supply chain operations or carbon tax; and (d) autonomous consumption positively affects both members’ optimal equilibrium policies and total profits, whereas induced consumption does the opposite. These findings are very managerial and instructive for companies seeking profits and fulfilling environmental responsibility and governments.

scholarly journals Inventory Model for COVID-19 Medicine under Carbon Emissions Sensitive Demand

2021 ◽  
Vol 27 (3) ◽  
pp. 237
Author(s):  
Nita H. Shah ◽  
Ekta Patel ◽  
Kavita Rabari
Keyword(s):  
Carbon Emissions ◽  
Inventory Model

scholarly journals An inventory model of a deteriorating product considering carbon emissions

2020 ◽  
Vol 148 ◽  
pp. 106694
Author(s):  
Chunhai Yu ◽  
Zebin Qu ◽  
Thomas W. Archibald ◽  
Zhaoning Luan
Keyword(s):  
Carbon Emissions ◽  
Inventory Model
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