Next Article in Journal
Neutrosophic Completion Technique for Incomplete Higher-Order AHP Comparison Matrices
Previous Article in Journal
Anti-Fuzzy Multi-Ideals of Near Ring
Article

Optimizing a Sustainable Supply Chain Inventory Model for Controllable Deterioration and Emission Rates in a Greenhouse Farm

1
Department of Business Administration, Soochow University, 56 Section 1, Kuei-Yang Street, Taipei 10048, Taiwan
2
Department of Mathematics, School of Advanced Sciences, Vellore Institute of Technology, Vellore 632014, India
3
Department of Mathematics, Hajee Mohammad Danesh Science and Technology University, Dinajpur 5200, Bangladesh
4
Institute of Innovation and Circular Economy, Asia University, Taichung City 41354, Taiwan
5
Department of Medical Research, China Medical University Hospital, China Medical University, Taichung City 40402, Taiwan
6
Faculty of Economic and Management, University Kebangsaan Malaysia, Bangi 43600, Malaysia
*
Author to whom correspondence should be addressed.
Academic Editor: Armin Fügenschuh
Mathematics 2021, 9(5), 495; https://doi.org/10.3390/math9050495
Received: 9 February 2021 / Revised: 23 February 2021 / Accepted: 24 February 2021 / Published: 28 February 2021
This study investigated how greenhouse managers should invest in preservation and green technologies and introduce trade credit to increase their profits. We propose a supply chain inventory model with controllable deterioration and emission rates under payment schemes for shortage and surplus, where demand depends on price and trade credit. Carbon emissions and deterioration are factors affecting global warming, and many greenhouse managers have focused on reducing carbon emissions. Carbon caps and tax-based incentives have been used in many greenhouses to achieve such reduction. Because of the importance of reducing carbon emissions for developing a green supply chain, various studies have investigated how firms deal with carbon emission constraints. In this continuation, we have used green technology to curb the excessive emissions from the environment or make it clean from CO2. In a seller–buyer relationship, the seller can offer a trade credit period to the buyer to manage stock and stimulate demand. Deterioration may become a challenge for most firms as they are under time constraints control, and preservation technology could help. This study proposes three novel inventory strategies for a sustainable supply chain (full backorder, partial backorder, and no backorder), linking all these important issues. The solution optimizes total annual profit for inventory shortage or surplus. We conducted a numerical study with three examples to evaluate the model’s authenticity and effectiveness and demonstrate the solution technique. The deterioration and emission rates can be included in a trade credit policy to increase greenhouse profits. The results suggest that greenhouse managers could apply the proposed model to manage real-world situations. View Full-Text
Keywords: sustainable supply chain; inventory; controllable deterioration; carbon emission rate; carbon cap; carbon tax sustainable supply chain; inventory; controllable deterioration; carbon emission rate; carbon cap; carbon tax
Show Figures

Figure 1

MDPI and ACS Style

Mishra, U.; Mashud, A.H.M.; Tseng, M.-L.; Wu, J.-Z. Optimizing a Sustainable Supply Chain Inventory Model for Controllable Deterioration and Emission Rates in a Greenhouse Farm. Mathematics 2021, 9, 495. https://doi.org/10.3390/math9050495

AMA Style

Mishra U, Mashud AHM, Tseng M-L, Wu J-Z. Optimizing a Sustainable Supply Chain Inventory Model for Controllable Deterioration and Emission Rates in a Greenhouse Farm. Mathematics. 2021; 9(5):495. https://doi.org/10.3390/math9050495

Chicago/Turabian Style

Mishra, Umakanta; Mashud, Abu H.M.; Tseng, Ming-Lang; Wu, Jei-Zheng. 2021. "Optimizing a Sustainable Supply Chain Inventory Model for Controllable Deterioration and Emission Rates in a Greenhouse Farm" Mathematics 9, no. 5: 495. https://doi.org/10.3390/math9050495

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop