A sustainable inventory model for deteriorating items with power demand and full backlogging under a carbon emission tax

San-José, Luis A.; Sicilia, Joaquín; Cárdenas-Barrón, Leopoldo Eduardo; González-de-la-Rosa, Manuel

doi:10.1016/j.ijpe.2023.109098

Cited by 10 publications

(1 citation statement)

References 49 publications

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“…Maity et al [11] establish a green inventory model, in which the demand rate depends on selling price, stock, and green concern level. San-José et al [12] considered a deteriorating product with power demand and full backlogging in a sustainable inventory model under a carbon emission tax. In recent years, most of the literature involving the newsboy problem also considers these two regulations for carbon emission in their models.…”

Section: Introductionmentioning

confidence: 99%

Integrated Profitability Evaluation for a Newsboy-Type Product in Own Brand Manufacturers

Su,

Tseng,

Lin

2024

Mathematics

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Effective inventory management depends on accurate estimates of product profitability to formulate ordering and manufacturing strategies. The achievable capacity index (ACI) is a simple yet efficient approach to measuring the profitability of newsboy-type products with normally distributed demand, wherein profitability is presented as the probability of achieving the target profit under the optimal ordering quantity. Unfortunately, the ACI is applicable only to retail stores with a single demand. In the current study, we addressed the issue of measuring the integrated profitability of newsboy-type products sold in multiple locations with independent demand levels, such as own-branding-and-manufacture (OBM) companies with multiple owned channels. We began by formulating profitability in accordance with multiple independent normal demands, and then developed an integrated ACI (IACI) to simplify expression. We also derived the statistical properties of the unbiased estimator to determine the true IACI in situations where demand patterns are unknown. Finally, we conducted hypothesis testing to determine whether the integrated profitability meets a stipulated minimum level. For convenience, we tabulated the critical values as a function of sample size, confidence level, the number of channels, and the stipulated minimum level. One can make decisions simply by estimating the IACI based on historical demand data from all channels and then looking up the critical value in the corresponding tables. Consequently, the proposed methods make it possible for OBM managers to address integrated profitability evaluation, which is effective in deciding the optimal timing to pull unprofitable items from the shelves by looking up generic tables. Furthermore, we also performed numerical and sensitivity analyses for a real-world case to illustrate the applicability and some managerial implications of the proposed scheme.

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Section: Introductionmentioning

confidence: 99%

Integrated Profitability Evaluation for a Newsboy-Type Product in Own Brand Manufacturers

Su,

Tseng,

Lin

2024

Mathematics

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Optimal decisions for green products with advanced payment scheme and selling price‐dependent demand under interval uncertainty

Ali,

Shaikh,

Hezam

et al. 2024

Math Methods in App Sciences

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In the current competitive market, green products are becoming more and more in demand across all customer demographics due to environmental contamination. Consequently, this has a direct impact on the notable rise in product demand. Conversely, a product cannot be used or repurposed if its maximum useful life has already elapsed. Therefore, the product's maximum lifespan plays a crucial role in inventory management. Advance payment is a critical component of the supplier–retailer relationship for a seasonal product with high demand. By integrating these issues, an inventory model for perishable goods is created, wherein the demand for the good is impacted by both its selling price and its green level. The model also includes linearly time‐dependent holding costs. According to this model, product greenness has an increasing effect on per‐unit costs. Different numerical examples are studied for supporting this model. Optimality of the objective function is shown graphically as well as numerically with the help of MATHEMATICA software. Finally, a fruitful conclusion is reached after performing a sensitivity analysis and visually depicting the impact of changing various factors.

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Cost Allocation for Inventory Problem with Transportation Discount under Carbon Tax Policy

Chen,

Hou

2024

J. Syst. Sci. Syst. Eng.

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A sustainable inventory model for deteriorating items with power demand and full backlogging under a carbon emission tax

Cited by 10 publications

References 49 publications

Integrated Profitability Evaluation for a Newsboy-Type Product in Own Brand Manufacturers

Integrated Profitability Evaluation for a Newsboy-Type Product in Own Brand Manufacturers

Optimal decisions for green products with advanced payment scheme and selling price‐dependent demand under interval uncertainty

Cost Allocation for Inventory Problem with Transportation Discount under Carbon Tax Policy

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