Green inventory model with two-warehouse system considering variable holding cost, time dependent demand, carbon emissions and energy consumption

Anupama Sharma, Vipin Kumar, S.R. Singh and C.B. Gupta

International Journal of Procurement Management, 2024, vol. 19, issue 2, 274-296

Abstract: One of the key components of inventory modelling is the consideration of energy consumption while storing inventory, which can increase holding cost and releases carbon emissions. In business practices, suppliers give their retailers discounts on large orders, typically during the festival seasons, to attract customers, boost sales and earn more profit. For this, they may require warehouses, which need to keep at favourable environmental conditions according to products. Demand can be constant, linear, fluctuating, or extremely high with regard to time. Therefore, time-dependent quadratic demand has been incorporated in this study. Here, energy and carbon emission costs have been introduced so that the average inventory cost per unit time is the minimum and optimum values for the decision variables are determined. Energy and carbon emission costs are evolved in holding costs during product stocking. The proposed model is validated with a numerical example, and managerial insight has been provided based on the sensitivity analysis.

Keywords: energy consumption and carbon emission cost; deterioration; quadratic demand; shortages and variable holding cost. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=136054 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpman:v:19:y:2024:i:2:p:274-296

Access Statistics for this article

More articles in International Journal of Procurement Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().