An EOQ Model with Carbon Emissions and Inflation for Deteriorating Imperfect Quality Items under Learning Effect

Osama Abdulaziz Alamri, Mahesh Kumar Jayaswal, Faizan Ahmad Khan and Mandeep Mittal
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Osama Abdulaziz Alamri: Department of Statistics, University of Tabuk, Tabuk 71491, Saudi Arabia
Mahesh Kumar Jayaswal: Department of Mathematics and Statistics, Banasthali Vidyapith, Banasthali 3040222, India
Faizan Ahmad Khan: Department of Mathematics, University of Tabuk, Tabuk 71491, Saudi Arabia
Mandeep Mittal: Department of Mathematics, Amity Institute of Applied Sciences, Amity University Uttar Pradesh, Noida 201301, India

Sustainability, 2022, vol. 14, issue 3, 1-18

Abstract: We developed an economic order quantity (EOQ) model with a learning effect and carbon emissions under inflationary conditions and inspection for retailers where the items deteriorate naturally. Finally, the total profit of the retailer is maximized with respect to cycle length. A sensitivity analysis was also performed to understand the robustness of the model. In the sensitivity analysis, we discuss the impact of learning rate, inflation rate, and deterioration rate on lot size and length of the cycle, as well as the retailer’s entire profit function. Observations and managerial insights are discussed. The effect of inventory parameters on the total profit is shown in the sensitivity section.

Keywords: carbon emissions; deterioration; inflation; inspection; learning effects (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (7)

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