A Production Inventory Model for Green Products with Emission Reduction Technology Investment and Green Subsidy

Ruidas, Subhendu; Seikh, Mijanur Rahaman; Nayak, Prasun Kumar

doi:10.1007/s41660-022-00258-y

Cited by 25 publications

(10 citation statements)

References 45 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Proof. From equation (18), the total cost function STC(G, T ) of the supply chain can be written in the form of a function of T such as…”

Section: Theoretical Resultsmentioning

confidence: 99%

“…They observed a significant increment in profit for plastic reforming industries while applying waste and carbon reduction technologies. Ruidas et al [18] described a sustainable economic production quantity model for green degree products considering green subsidy. They found that higher subsidy intensity increases product greenness, and simultaneous investment in greening innovation and emission reduction technology benefits both the manufacturer and the environment.…”

Section: Inventory Models With Carbon Emissions and Energy Usagementioning

confidence: 99%

See 1 more Smart Citation

Benefits of Preservation, Green and Quality Improvement Investment for Waste Management in Sustainable Supply Chain under Fuzzy Learning and Inflation

Singh,

Singh Padiyar

2024

Contemp. Math.

View full text Add to dashboard Cite

In the modern world, waste management, incorporating the quality of the products, energy consumption, and environmental concern have become significant challenges for supply chain managers. Also, smart devices are essential for daily life in the current socioeconomic environment, and customers primarily contemplate a smart product’s price and energy usage before purchasing that. In this situation, to maintain a balance between the selling price, energy consumption, and carbon emission from supply chain operations becomes necessary. So this study develops a twoechelon sustainable inventory model for deteriorating items with an imperfect production process under energy consumption and selling price dependent demand. The producer makes a rework process and quality improvement investment to mitigate defective products and enhance the quality of the products. The present model develops under the influence of inflation. Also, preservation and green technologies are used to mitigate the rate of deterioration and carbon emission, respectively. Firstly, the model is created in a crisp sense, and then expanded into a fuzzy learning model to examine the impact of the learning effect in an imprecise environment. A numerical analysis is performed to validate the proposed model, and the cost function’s convexity is shown graphically using mathematica software. The result of the proposed model provides significant insights to decision-makers on how to efficiently reduce waste while still minimizing the total cost of the system by investing in high efficiency preservation, quality improvement and green techniques. Also, due to learning in fuzziness, the fuzzy learning model gives the lowest total cost, followed by the fuzzy and crisp model. Finally, for various parameters, a sensitivity analysis is performed to gather valuable observations and management insights.

show abstract

“…Proof. From equation (18), the total cost function STC(G, T ) of the supply chain can be written in the form of a function of T such as…”

Section: Theoretical Resultsmentioning

confidence: 99%

Section: Inventory Models With Carbon Emissions and Energy Usagementioning

confidence: 99%

Benefits of Preservation, Green and Quality Improvement Investment for Waste Management in Sustainable Supply Chain under Fuzzy Learning and Inflation

Singh,

Singh Padiyar

2024

Contemp. Math.

View full text Add to dashboard Cite

show abstract

“…Huang et al (2020) looked at a two-echelon SC with three CE policies related to restricted total CE, carbon taxes, and cap and trade. In a model of green production inventory, Ruidas et al (2022) evaluated the effects of combined investments in greening innovation and emission reduction technologies by considering the selling price dependent demand on the amount of greenness. Mala et al (2022) and Marchi & Zanoni (2023) worked on carbon taxes, cap and trade, and emission limit regulations while considering sustainability, green investment, and logistics.…”

Section: Inventory Models and Green Investment (Gi) In Scmentioning

confidence: 99%

ANFIS and metaheuristic optimization for green supply chain with inspection and rework

Sharma,

Jain,

Sharma

2024

Preprint

View full text Add to dashboard Cite

The focus of present article is to investigate a supply chain inventory model along with inspection and stock dependent demand with use of green technology to reduce carbon emissions. Products that are decaying, or those that change over time, have a high sensitivity to the environment in terms of temperature, carbon emission, humidity, waste disposal, etc. This study develops a profit maximization model in the presence of deterioration, preservation, imperfect production, inspection error, rework, stock and price-dependent demand. The three carbon emission strategies are proposed to reduce the expenses in different carbon emissions scenarios. The suggested approach may be used to determine the optimal production period, preservation investment, and level of green investment. The solution of the non-linear constraint optimization is provided by using a penalty method in metaheuristic approaches. In order to conduct a sensitivity analysis for the essential model parameters, a numerical example is presented. The soft computing results produced by DE and PSO are compared with the results obtained by Adaptive Neuro-Fuzzy Inference System (ANFIS) technique.

show abstract

“…Further, stringent carbon policies issued by the government have pushed companies to seek strategies to reduce such emissions from their activities. Hence, the best policy is to invest in green technologies (Huang et al, 2020;Lukas and Welling, 2014;Ruidas et al, 2022) discussed the inventory model for GPs with emission reduction technology investment.…”

Section: Carbon Emissions and Emissions Reductionmentioning

confidence: 99%

“…Hence, the best policy is to invest in green technologies (Huang et al. , 2020; Lukas and Welling, 2014; Ruidas et al ., 2022) discussed the inventory model for GPs with emission reduction technology investment.…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainability enablers with price-based preservation technology and carbon reduction investment in an inventory system to regulate emissions

Yadav,

Borkar,

Khanna

2023

MEQ

View full text Add to dashboard Cite

PurposeWith the pressing need for environmental conservation, regulatory authorities are actively looking for measures to prevent global warming. In the proposed inventory model for deteriorating items, demand is dependent on the selling price and green technology investment (or carbon reduction investment) for the green product (GP), as well as an investment in price-based preservation technology to slow down the pace of deterioration. Furthermore, emission reduction measures are put in place to reduce carbon emissions (CEs).Design/methodology/approachThe current study executed a thorough literature review to determine how to improve supply chain management performance. Furthermore, assumptions are made to fill research gaps, and a mathematical model is created to address the problem mentioned above. To collect the data, the available inventory literature was reviewed. Additionally, numerical illustrations and sensitivity analyses are presented to emphasize the model's robustness.FindingsThe research indicates that it is more prudent to invest in preservation technology based on its selling price in order to control the rate of deterioration. In addition, the proposed model facilitates the management of deteriorated waste through salvage trading and emission reduction investment. The findings validate sustainable practices with a 20.86% increase in profit and a 21.4% decrease in CEs, thereby signifying environmental and economic benefits.Originality/valueThe proposed model enhances understanding of the impact of investments in price-based preservation technology and carbon reduction efforts on consumer perceptions of their intention to purchase GPs. Moreover, the study provides valuable insights by identifying important recommendations for policymakers regarding areas that require further investigation. This guideline can help identify both current and unexplored gaps, enabling researchers to direct future research efforts toward producing new products.

show abstract

A Production Inventory Model for Green Products with Emission Reduction Technology Investment and Green Subsidy

Cited by 25 publications

References 45 publications

Benefits of Preservation, Green and Quality Improvement Investment for Waste Management in Sustainable Supply Chain under Fuzzy Learning and Inflation

Benefits of Preservation, Green and Quality Improvement Investment for Waste Management in Sustainable Supply Chain under Fuzzy Learning and Inflation

ANFIS and metaheuristic optimization for green supply chain with inspection and rework

Sustainability enablers with price-based preservation technology and carbon reduction investment in an inventory system to regulate emissions

Contact Info

Product

Resources

About