Optimal strategies for capital constrained low-carbon supply chains under yield uncertainty

Cong, Jing; Pang, Tao; Peng, Hongjun

doi:10.1016/j.jclepro.2020.120339

Cited by 72 publications

(42 citation statements)

References 45 publications

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“…Assuming that market demand is a linear function of the retail price of the products (p) and the level of carbon emission reduction efforts (e), and the retailer’s order quantity is equal to the actual demand of the market. Similar to the assumptions for demand function in previous studies [ 3 , 6 , 36 , 40 ], the market demand function can be given as:

…”

Section: Problem Description and Assumptionsmentioning

confidence: 99%

“…Therefore, we use a quadratic function to define the cost of carbon emissions reduction efforts:

, where k is a constant that describes the carbon emission cost parameter. As described in references [ 3 , 6 ], k is typically large enough.…”

Section: Problem Description and Assumptionsmentioning

confidence: 99%

“…In order to prevent further environmental deterioration, nearly 200 participants at the United Nations Framework Convention on Climate Change reached an agreement and signed the Paris Agreement, aiming to achieve social and economic sustainable development [ 2 ] through the control and reduction in carbon emissions [ 3 , 4 ]. Based on a market survey by Wang et al [ 5 ] and Cong et al [ 6 ], with the increase in consumers’ low-carbon awareness, some consumers are willing to pay higher prices for low-carbon products, and some industrial enterprises with corporate social responsibility have begun to invest in carbon emissions reduction technologies [ 3 , 7 ]. For example, in 2017, Siemens, while using innovative and environmentally friendly technologies, reduced carbon dioxide emissions by 570 million tons while generating 38.7 billion euros in revenue and planned to cut carbon emissions by 50% in 2020 and will further realize its goal of net zero carbon emissions by 2030 [ 8 ].…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The Impact of Equity Financing on the Performance of Capital-Constrained Supply Chain under Consumers’ Low-Carbon Preference

Zhang

Xiu

Shahzad

et al. 2021

IJERPH

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The reduction in carbon emissions by industrial enterprises is an important means for promoting environmental protection and achieving sustainable development. To determine the impact of carbon emissions reduction on supply chain operation and financing decision-making, in this study we designed three financing strategies, i.e., bank loan financing, equity financing, and hybrid financing (a combination of bank loan financing and equity financing), for a manufacturer (leader) and a low-carbon supply chain composed of a capital-constrained retailer, constructed Stackelberg game models, solved the equilibrium results under each financing strategy using the reverse recursion method, and revealed the financing preference of the supply chain member companies through comparative analysis. The results showed that the increase in the consumers’ low-carbon preference and equity financing ratio have positive impacts on supply chain equilibrium, a result that is opposite that for the impact of the interest rate of bank loan financing; additionally, the abovementioned three factors jointly determine the profit of the manufacturer of the low-carbon supply chain, while the retailer’s profit is affected by the equity dividend ratio. Finally, we present the conditions for the financing preference of the manufacturer and the retailer. The findings of this study can provide references for low-carbon supply chain companies to make appropriate management decisions.

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…”

Section: Problem Description and Assumptionsmentioning

confidence: 99%

“…Therefore, we use a quadratic function to define the cost of carbon emissions reduction efforts:

, where k is a constant that describes the carbon emission cost parameter. As described in references [ 3 , 6 ], k is typically large enough.…”

Section: Problem Description and Assumptionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The Impact of Equity Financing on the Performance of Capital-Constrained Supply Chain under Consumers’ Low-Carbon Preference

Zhang

Xiu

Shahzad

et al. 2021

IJERPH

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show abstract

“…Li et al [32] proposed a comprehensive optimization model for the biomass feedstock distribution problem with carbon emission constraint. Cong et al [33] studied supply chain optimization strategies to reduce carbon emissions under the uncertainty of earnings. Gonela [34] studied random optimization of the hybrid power supply chain with a carbon emission scheme.…”

Section: Literature Reviewmentioning

confidence: 99%

Carbon-Efficient Production Scheduling of a Bioethanol Plant Considering Diversified Feedstock Pelletization Density: A Case Study

Jin

et al. 2020

Processes

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This paper presents a dual-objective optimization model for production scheduling of bioethanol plant with carbon-efficient strategies. The model is developed throughout the bioethanol production process. Firstly, the production planning and scheduling of the bioethanol plant’s transportation, storage, pretreatment, and ethanol manufacturing are fully considered. Secondly, the carbon emissions in the ethanol manufacturing process are integrated into the model to form a dual-objective optimization model that simultaneously optimizes the production plan and carbon emissions. The effects of different biomass raw materials with optional pelletization density and pretreatment methods on production scheduling are analyzed. The influence of demand and pretreatment cost on selecting a pretreatment method and total profit is considered. A membership weighted method is developed to solve the dual-objective model. The carbon emission model and economic model are integrated into one model for analysis. An example is given to verify the effectiveness of the optimization model. At the end of the paper, the limitation of this study is discussed to provide directions for future research.

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“…Evaluation of the service value of a lake ecosystem is helpful to find out the value of a lake's contributions to humans. It can provide theoretical support for improving the lake water ecological environment and creating ecological compensation policies in the future and is of great significance to the protection of ecosystem and sustainable development [29]. With rapid economic development, the water environment continues to deteriorate.…”

Section: Introductionmentioning

confidence: 99%

Water Ecosystem Service Quality Evaluation and Value Assessment of Taihu Lake in China

Zhao

Wang

2021

Water

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Taihu Lake is the third largest freshwater lake in China. Water ecosystems play an important role in the survival and development of human society. The evaluation of water ecosystem services is helpful to understand and grasp the changing rules of Taihu Lake’s ecosystem services value in recent years. First, we used the Water Environment Qualities Index (WQI) to evaluate the water ecological quality of Taihu Lake; second, on the basis of the survey data from 2010 to 2018, we combined economic and ecological methods to evaluate the water ecosystem of Taihu Lake. The evaluation system includes four major service functions, 11 second-class evaluation indicators and 19 index factor. Research indicates that, (1) in the past 8 years, the WQI of Taihu Lake increased year by year and Taihu Lake changed from moderate pollution to light pollution; (2) provisioning services are the main service of Taihu Lake’s water ecosystem and the order of various service values was provisioning service value > regulation service value > cultural service value > support service value, with water supply as the core function of provisioning services; and (3) the total values in 2010, 2014, and 2018 were 115.39 billion yuan, 113.31 billion yuan, and 119.96 billion yuan, respectively, showing a trend of first decreasing and then increasing. To a certain extent, the improvement in Taihu Lake’s water ecological quality has led to an increase in the value of regulation services.

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Optimal strategies for capital constrained low-carbon supply chains under yield uncertainty

Cited by 72 publications

References 45 publications

The Impact of Equity Financing on the Performance of Capital-Constrained Supply Chain under Consumers’ Low-Carbon Preference

The Impact of Equity Financing on the Performance of Capital-Constrained Supply Chain under Consumers’ Low-Carbon Preference

Carbon-Efficient Production Scheduling of a Bioethanol Plant Considering Diversified Feedstock Pelletization Density: A Case Study

Water Ecosystem Service Quality Evaluation and Value Assessment of Taihu Lake in China

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