Sustainable Economic Production Quantity Model Considering Greenhouse Gas and Wastewater Emissions
Yann Mey Yee,
Lilian Sy,
Kryzia Lomibao,
Josephine Dela Cruz German and
Hui-Ming Wee ()
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Yann Mey Yee: Department of Industrial and Systems Engineering, Chung Yuan Christian University, Zhongli, Taoyuan 32023, Taiwan
Lilian Sy: School of Industrial Engineering and Engineering Management, Mapúa University, Manila 1002, Philippines
Kryzia Lomibao: School of Industrial Engineering and Engineering Management, Mapúa University, Manila 1002, Philippines
Josephine Dela Cruz German: School of Industrial Engineering and Engineering Management, Mapúa University, Manila 1002, Philippines
Hui-Ming Wee: Department of Industrial and Systems Engineering, Chung Yuan Christian University, Zhongli, Taoyuan 32023, Taiwan
Sustainability, 2023, vol. 15, issue 4, 1-30
Abstract:
Pursuing sustainability in the production inventory model has motivated researchers to reconsider carbon emission costs. In this study, we develop an economic production quantity (EPQ) inventory model to consider greenhouse gas and wastewater emission costs. This study aims to optimize the production quantity, the total costs per production cycle, and the waste emissions. To validate and test the model, data from a pulp and paper mill industry was used. The effectiveness of the model was determined by comparing the costs generated under three (3) scenarios: (1) an EPQ model that considers the costs of greenhouse gas (GHG) emissions; (2) an EPQ model considering shortages; and (3) a multiproduct EPQ model considering shortages. Our proposed sustainable EPQ models can provide decision-makers with insights to visualize how certain factors affect the manufacturing system. Future research can be conducted to consider the product life cycle as well as deteriorating items.
Keywords: inventory model; sustainability; greenhouse gas emission; wastewater emission; pulp and paper mills (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:4:p:3436-:d:1067157
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