Effects of emission reduction and rework policy in a production system of green products: An interval valued optimal control theoretic approach

Das, Subhajit; Mandal, Goutam; Manna, Amalesh Kumar; Shaikh, Ali Akbar; Bhunia, Asoke Kumar

doi:10.1016/j.cie.2023.109212

Cited by 18 publications

(2 citation statements)

References 74 publications

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“…However, the failure to set specific targets and commit to net zero is a pitfall. Establishing ambitious GHG reduction targets offers various benefits, including enhanced reputation, cost savings, innovation encouragement, and staying ahead of regulatory shifts [31].…”

Section: Scope Of Carbon Management Activity Level Of Carbon Manageme...mentioning

confidence: 99%

“…A pitfall in Diebold's carbon management is the failure to set specific targets and not commit to net zero. Firms that set ambitious GHG reduction targets will gain a competitive advantage in the coming years for a number of reasons [31]: credible targets boost a company's reputation, gains in efficiency result in cost savings; ambitious goals encourage innovation and transformational change, which can generate opportunities for growth, and targets will assist companies to stay ahead of shifting regulations and policies [31]. Additionally, Diebold Nixdorf reports how they manage and assess climate-related risks and opportunities through the Carbon Disclosure Project, where they received the result of B-.…”

Section: Scope Of Carbon Management Activity Level Of Carbon Manageme...mentioning

confidence: 99%

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Examining the Carbon Management Strategies of Diebold Nixdorf

White,

Deweerdt

2024

Adv Environ Eng Res

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Carbon management is imperative to curb global temperature increases and mitigating climate change impacts. This report explores the carbon management strategies employed by Diebold Nixdorf, a multinational financial and retail technology company. <strong>As </strong>of 2021, the company has not established specific reduction targets and has not committed to achieving net zero emissions. The company employs diverse carbon reduction strategies, such as carbon offsetting, solar energy, and fleet improvements, with notable projects like the "green roof" initiative and a tree planting program contributing to carbon offsetting. Despite a gradual reduction in Scope 1 and Scope 2 emissions since 2015 and notable decreases in energy consumption and natural gas emissions from 2020 to 2021, Diebold Nixdorf falls short in revenue-adjusted emissions compared to competitors. Critical challenges within Diebold Nixdorf's carbon management strategies revolve around controversies related to carbon offsetting and uncertainties regarding the effectiveness of specific initiatives. Although an improved Carbon Disclosure Project (CDP) score and efforts in product sustainability showcase progress, the lack of specific targets remains a notable pitfall. The potential misuse of green labelling, considering significant carbon emissions from products, adds complexity to Diebold Nixdorf's carbon management approach. This report underscores the imperative need for substantial enhancements in the company's carbon management practices, emphasising a realignment of values and a firm commitment to carbon reduction and net-zero goals in response to the severity of the climate crisis.

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Section: Scope Of Carbon Management Activity Level Of Carbon Manageme...mentioning

confidence: 99%

Section: Scope Of Carbon Management Activity Level Of Carbon Manageme...mentioning

confidence: 99%

Examining the Carbon Management Strategies of Diebold Nixdorf

White,

Deweerdt

2024

Adv Environ Eng Res

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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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Sufficient conditions for interval-valued optimal control problems in admissible orders

Li,

Zhang

2024

Soft Comput

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Effects of emission reduction and rework policy in a production system of green products: An interval valued optimal control theoretic approach

Cited by 18 publications

References 74 publications

Examining the Carbon Management Strategies of Diebold Nixdorf

Examining the Carbon Management Strategies of Diebold Nixdorf

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

Sufficient conditions for interval-valued optimal control problems in admissible orders

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