Abstract

There is a growing health consciousness among consumers and they are paying attention to the issue of greenhouse gas emissions, one of the major environmental threats. That's why companies are more and more eager to use green components. Currently, technological advances are causing markets to become more volatile and consumer preferences to change more rapidly. Thus, a product's life cycle is shortening every day, affecting its demolition rate. There are several factors which can influence its demand, including the price, on-hand inventory, and the freshness of the product. On the other hand, perishable items are prone to causing damage to the atmosphere if not handled properly. Therefore, the handling of deteriorated items must be done in an effective and efficient manner to prevent environmental hazards. The purpose of this research is therefore to develop a model for inventory management involving perishable items that is constrained both by physical degradations as well as freshness degradations. Price, stock availability, and the life cycle of products all affect the demand for the items. In this model we have used the linear price, time, and stock and freshness dependent demand. Shortage is taken into consideration, which is fully backlogged. Carbon emission has been considered to be minimized by using the carbon tax.

Author

Jitendra Kumar  ( Pages 249-271 )
Email:jitte.dm@gmail.com
Affiliation: Department of Mathematics, Marwari College, L.N. Mithila University, Darbhanga, Bihar      DOI:

Keyword

EPQ model, carbon emission, multivariate demand, shortages

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