2024/01/17 by Nidhi Sharma, Madhu Jain, Sharma, Nidhi +3
Business, Management and Accounting · #FOS: Mathematics #Optimization and Control (math.OC) #Supply Chain and Inventory Management #Sustainable Supply Chain Management
paper · pdf · doi:10.48550/arxiv.2401.09154
openalex publication_date 2024/01/17 · openalex created_date 2024/01/20 · openalex updated_date 2026/07/28
The focus of present article is to investigate a supply chain inventory model of deteriorated items along with inspection and stock dependent demand using green technology to reduce carbon emissions. Products that are decaying have a high sensitivity to the environment in terms of temperature, carbon emission, humidity, waste disposal, etc. This study develops a profit maximization model in the presence of deterioration, preservation, imperfect production, inspection error, rework, stock and price-dependent demand. Three carbon emission strategies are proposed to reduce the expenses in different carbon emissions scenarios. The suggested approach may be used to determine the optimal production period, preservation investment, and level of green investment. The solution of the proposed non-linear constraint optimization is provided by using a penalty method in metaheuristic approaches. In order to conduct a sensitivity analysis for the essential model parameters, a numerical example is presented. The results produced by DE and PSO are compared with the results obtained by Adaptive Neuro-Fuzzy Inference System (ANFIS) technique.