 Green supply chain inventory model for deteriorating items with variable demand under inflationSmita Rani, Rashid Ali and Anchal Agarwal International Journal of Business Forecasting and Marketing Intelligence, 2017, vol. 3, issue 1, 50-77 Abstract: Green supply chain increasingly gained interest in the last decade. What initially started as an effort to save environment has developed into a great business concept with increased profitability. Though various studies have been conducted in green supply chain, most of them have neglected the impact of deterioration and inflation. In this study, we develop an inventory model in green supply chain for deteriorating items considering recycling and reverse logistics taking inflation into account. It is assumed that remanufactured products will go to secondary market and have higher demand. Demand is assumed to be quadratic for remanufactured products while linear demand is followed for new products. Holding cost is assumed to be time dependent and deterioration is assumed to follow two-parameter Weibull distribution. The objective is to minimise total cost. Numerical and sensitivity analysis are carried out at the end of this paper. Keywords: green supply chains; GSC; deterioration; inflation; variable demand; reverse logistics; recycling; remanufacturing; Weibull distribution; inventory modelling; inventory management; deteriorating; green SCM; supply chain management; GSCM. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbfmi:v:3:y:2017:i:1:p:50-77 Access Statistics for this article More articles in International Journal of Business Forecasting and Marketing Intelligence from Inderscience Enterprises Ltd |
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