Sustainable inventory managements for non-instantaneous deteriorating items: Preservation technology and green technology approaches with advanced purchase discounts and joint emission regulations

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dc.contributor.authorChiu, Shun-Po
dc.contributor.authorLiao, Jui-Jung
dc.contributor.authorKang, Sung-Lien
dc.contributor.authorSrivastava, Hari Mohan
dc.contributor.authorLin, Shy-Der
dc.date.accessioned2024-10-10T17:23:08Z
dc.date.available2024-10-10T17:23:08Z
dc.date.issued2024
dc.description.abstractThe present article aims to determine the green economic policies of an inventory model for non-instantaneous deteriorating items under practical scenarios. These scenarios involve specific maximum lifetimes for items with deteriorations controllable through investments in preservation technologies, which can affect the period without deterioration. Additionally, carbon is emitted due to energy-related costs, prompting retailers to invest in green technology investments to reduce carbon emissions concurrently under the carbon tax policy and the carbon cap-and-trade policy simultaneously. Meanwhile, when a retailer is required to make a prepayment, the purchase discount policy is contingent on the number of installments offered. This means that the retailer prepays off the entire purchasing cost with a single installment, thereby receiving a maximum percentage of price discount. Otherwise, the retailer prepays a certain fraction of the purchasing cost with multiple installments, and the percentage of the price discount will be contingent on the number of n identical installments. In this context, we present theoretical results for optimal solutions, and a salient algorithm is presented, which is derived from these theoretical findings within a sustainable inventory system. To better illustrate the proposed mathematical problems, several numerical examples are presented, followed by sensitivity analysis for different scenarios.
dc.description.reviewstatusReviewed
dc.description.scholarlevelFaculty
dc.identifier.citationChiu, S.-P., Liao, J.-J., Kang, S.-L., Srivastava, H. M., & Lin, S.-D. (2024). Sustainable inventory managements for non-instantaneous deteriorating items: Preservation technology and green technology approaches with advanced purchase discounts and joint emission regulations. Sustainability, 16(16), Article 16. https://doi.org/10.3390/su16166805
dc.identifier.urihttps://doi.org/10.3390/su16166805
dc.identifier.urihttps://hdl.handle.net/1828/20512
dc.language.isoen
dc.publisherSustainability
dc.rightsAttribution CC BY
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectnon-instantaneous deteriorating items
dc.subjectcarbon regulations
dc.subjectgreen technology
dc.subjectpreservation technology
dc.subjectprepayment installments
dc.subjectdiscount
dc.subject.departmentDepartment of Mathematics and Statistics
dc.titleSustainable inventory managements for non-instantaneous deteriorating items: Preservation technology and green technology approaches with advanced purchase discounts and joint emission regulations
dc.typeArticle

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