Effect of green technology investment on a production-inventory system with carbon tax
type: Item
instance of: scholarly article
title: Effect of green technology investment on a production-inventory system with carbon tax
zbMATH Open document ID: 1387.90078
DOI: 10.1155/2017/4834839
author: Tapan Kumar Datta
published in: Advances in Operations Research
publication date: 2018-05-11T00:00:00Z
review text: Summary: Carbon emissions play the central role in global warming. Manufacturing firms are significant contributors to carbon emissions. In many countries, regulatory authorities are taking actions to reduce emissions. Carbon taxation and cap-and-trade schemes are two mechanisms implemented in many countries. In the present paper, the author analyzes a production-inventory model under a carbon tax system. The production rate is assumed to be a decision variable and can be set at any level within machine limits. A proportion of items produced are defective, and this proportion depends on the production rate. Demand depends on the selling price. Unit price is a decreasing function of the production rate. Emissions can be reduced to some extent by capital investment on green technology, and this capital investment amount is a decision variable. Customers are categorized as retail customers and wholesale customers. A discount is offered to the wholesale customers on the regular selling price. The results are illustrated by a numerical example and a sensitivity analysis is performed.
Mathematics Subject Classification ID: 90B30
Mathematics Subject Classification ID: 90B05
zbMATH DE Number: 6867703
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2017/4834839
OpenAlex ID: W2772880823
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description: scientific article; zbMATH DE number 6867703