Recent Trends in Sustainable Inventory Models: A Literature Review

Suchitra Pattnaik, Mitali Madhusmita Nayak, Stefano Abbate and Piera Centobelli
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Suchitra Pattnaik: Department of Mathematics, ITER (FET), Siksha O Anusandhan Deemed to be University, Bhubaneswar 751020, India
Mitali Madhusmita Nayak: Department of Mathematics, ITER (FET), Siksha O Anusandhan Deemed to be University, Bhubaneswar 751020, India
Stefano Abbate: Department of Industrial Engineering, University of Naples Federico II, P.le Tecchio 80, 80125 Naples, Italy
Piera Centobelli: Department of Industrial Engineering, University of Naples Federico II, P.le Tecchio 80, 80125 Naples, Italy

Sustainability, 2021, vol. 13, issue 21, 1-20

Abstract: Greenhouse gas emissions are increasing global warming significantly, hence the need for manufacturing companies to include sustainability strategies in their supply chain to reduce emissions generated by their operations. This article aims to provide a systematic literature review on integrating sustainability issues into inventory management models to support scholars and practitioners in decision-making processes according to their market requirements. Thus, this paper discusses the most relevant papers published on inventory management topics that consider environmental criteria such as greenhouse gas emissions, ecological quality controls, unsold inventory, and fixed carbon costs. Therefore, we have extended the literature review to incorporate sustainability considerations in inventory models involving an industry’s environmental and social effects. As a result, in this article, a detailed analysis of the existing literature and related weaknesses provide meaningful discussions on crucial issues for future field research avenues in the field.

Keywords: sustainability; inventory models; lot sizing; sustainable order quantity; carbon emissions; environmental factors (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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