Optimum sustainable inventory management with backorder and deterioration under controllable carbon emissions

Mishra, Umakant; Wu, Jei‐Zheng; Sarkar, Biswajit

doi:10.1016/j.jclepro.2020.123699

Cited by 153 publications

(61 citation statements)

References 42 publications

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“…In the present situation, different online shopping apps are available in the market. Among them, food delivery apps also actively satisfy customer demand by delivering the desired food (Ray et al [40]). The concept of rating and recommendation was another critical issue in any O2O supply chain management introduced by Yuchen et al [41].…”

Section: O2o Retailingmentioning

confidence: 99%

A Sustainable Online-to-Offline (O2O) Retailing Strategy for a Supply Chain Management under Controllable Lead Time and Variable Demand

et al. 2021

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Every industry always tries to provide the best service to its consumers. To provide better service to the consumer and optimize profit, a sustainable online-to-offline retailing strategy is proposed in this current study. Both online and offline systems are considered here, i.e., to provide the best service, the industry sells its products online and offline. Due to the consideration of online and offline systems, the selling price of the products is also different for different modes, and the demand for a particular product is the combined demand of online demand and offline demand, which depend on the selling price of the product. Moreover, the exact lead time and exact backorder are calculated to obtain the system’s exact cost or profit, which directly improves the system’s service. Different investments are incorporated to optimize the total system profit. A distribution-free approach is utilized to solve this model. Numerical examples are provided to prove the applicability of the model in reality. Sensitivity analysis is performed based on critical parameters. Special cases and graphical representations also prove the global optimality of the current study.

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Section: O2o Retailingmentioning

confidence: 99%

A Sustainable Online-to-Offline (O2O) Retailing Strategy for a Supply Chain Management under Controllable Lead Time and Variable Demand

et al. 2021

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“…In the view of carbon tax, Mishra et al [17] developed a carbon cap and tax-regulated sustainable inventory management model. Chen and Hu [18] used the evolutionary game theory to examine the behavioral strategies of the manufacturers in response to carbon tax.…”

Section: Low-carbon Decision-making Of the Supply Chainmentioning

confidence: 99%

Carbon Emission Reduction Decision and Revenue-Sharing Contract with Consumers’ Low-Carbon Preference and CER Cost under Carbon Tax

Han

Sui

et al. 2021

Mathematical Problems in Engineering

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Since the tax of carbon emission is popular and consumers are exhibiting low-carbon preference, the green manufactures have to spend more extra cost on investing carbon emission reduction (CER) technology to decrease the carbon emission. To encourage the manufacture’s CER investment efforts, this paper explores the impact of carbon tax, CER cost, and consumers’ low-carbon preference on low-carbon decision-making and designs a revenue-sharing contract (RS) by constructing Stackelberg models. Based on the theoretical and numerical analysis, this paper finds that the supply chain would benefit from the increment of consumer’s environmental awareness but be depressed by the increase of the CER investment cost factor. Additionally, there exists a unique optimal carbon tax to make CER degree the maximum. Furthermore, RS can effectively promote manufacturers to reduce carbon emissions and also improve the supply chain efficiency.

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“…This study's assumptions are implementable in various realistic scenarios. For example, in the greenhouse flower industry, stock levels of flowers should be sufficient to satisfy demand (Figure 1) [46]. Greenhouse flowers are not available everywhere, and their demand depends on trade credit, price, and default risk.…”

Section: Case Backgroundmentioning

confidence: 99%

“…13. The deterioration rate λ(P) = λ 0 e −uP is a concave and continuous function of the retailer's total capital investment [46]. 14.…”

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confidence: 99%

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

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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.

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Optimum sustainable inventory management with backorder and deterioration under controllable carbon emissions

Cited by 153 publications

References 42 publications

A Sustainable Online-to-Offline (O2O) Retailing Strategy for a Supply Chain Management under Controllable Lead Time and Variable Demand

A Sustainable Online-to-Offline (O2O) Retailing Strategy for a Supply Chain Management under Controllable Lead Time and Variable Demand

Carbon Emission Reduction Decision and Revenue-Sharing Contract with Consumers’ Low-Carbon Preference and CER Cost under Carbon Tax

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

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