Abstract

People are getting more worried about the environment. They want to save money too. So, researchers are trying to come up with ways to manage inventory that are good for the earth and do not cost too much. This study is about a way to manage inventory for perishable items.  It looks at how giving customers credit to buy things and investing in technology can help in a time when prices are going up. Things that can go bad lose their value after some time because they get worse. It is harder to manage inventory when the economy is changing. In this paper we develop a sustainable inventory model with the effect of trade credit and green technology investment on sustainable perishable inventory model. Numerical illustrations is carried out by using the software Mathematica12.0.  The finding shows that we obtained the optimal cost when the trade credit period is greater than the cycle length. Sensitivity analysis further illustrated the importance of key parameters such as the inflation rate, deterioration rate, and preservation technology investment cost on the overall system performance.

Author

SK Shon, Neeraj Kumar   ( Pages 227-248 )
Email:neerajtyagimonika@gmail.com
Affiliation:Department of Mathematics, Vardhaman College, Bijnor       DOI:

Keyword

Trade credit, inflation, green technology, perishable inventory

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