Maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain management
Currently, most countries are moving towards digitalization, and their energy consumption is increasing daily. Thus, power networks face major challenges in controlling energy consumption and supplying huge amounts of electricity. Again, using excessive power reduces the stored fossil fuels and affe...
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| Format: | Article |
| Language: | English |
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AIMS Press
2022-09-01
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| Series: | AIMS Environmental Science |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/environsci.2022036?viewType=HTML |
| _version_ | 1797859068288696320 |
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| author | Mowmita Mishra Santanu Kumar Ghosh Biswajit Sarkar |
| author_facet | Mowmita Mishra Santanu Kumar Ghosh Biswajit Sarkar |
| author_sort | Mowmita Mishra |
| collection | DOAJ |
| description | Currently, most countries are moving towards digitalization, and their energy consumption is increasing daily. Thus, power networks face major challenges in controlling energy consumption and supplying huge amounts of electricity. Again, using excessive power reduces the stored fossil fuels and affects the environment in terms of $ {\rm CO_{2}} $ emissions. Keep these issues in mind; this study focuses on energy-efficient products in an energy supply chain management model under credit sales, variable production, and stochastic demand. Here, the manufacturer grants a credit period for the retailer to get more orders; thus, the order quantity is related to the credit period envisaged in this model. Considering such components, supply chain members can reduce negative environmental impacts and significant energy consumption, achieve optimal results and avoid drastic financial losses. Additionally, including a credit period increases the possibility of default risk, for which a certain interest is charged. The marginal reduction cost for limiting carbon emissions, flexible production to meet fluctuating demand, and continuous investment to improve product quality are considered here. The global optimality of system profit function and decision variables (credit period, quality improvement, and production rate) is ensured through the classical optimization method. Interpretive sensitivity analyses and numerical investigations are performed to validate the proposed model. The results demonstrate that the idea of credit sales, flexible production, and quality improvement increases total system profit by $ 28.64\% $ and marginal reduction technology reduces $ {\rm CO_{2}} $ emissions up to $ 4.01\% $. |
| first_indexed | 2024-04-09T21:23:31Z |
| format | Article |
| id | doaj.art-28f2979b54d248e5ae67c7277c86a3c2 |
| institution | Directory Open Access Journal |
| issn | 2372-0352 |
| language | English |
| last_indexed | 2024-04-09T21:23:31Z |
| publishDate | 2022-09-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | AIMS Environmental Science |
| spelling | doaj.art-28f2979b54d248e5ae67c7277c86a3c22023-03-28T01:34:08ZengAIMS PressAIMS Environmental Science2372-03522022-09-019560363510.3934/environsci.2022036Maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain managementMowmita Mishra0Santanu Kumar Ghosh 1Biswajit Sarkar 21. Department of Mathematics, Kazi Nazrul University, Asansol, 713340, West Bengal, India1. Department of Mathematics, Kazi Nazrul University, Asansol, 713340, West Bengal, India2. Department of Industrial Engineering, Yonsei University, 50 Yonsei-ro, Sinchon-dong, Seodaemun-gu, Seoul 03722, South Korea 3. Center for Transdisciplinary Research (CFTR), Saveetha Dental College, Saveetha Institute of Medical and Technical Sciences, Saveetha University, 162, Poonamallee High Road, Velappanchavadi, Chennai, 600077, Tamil Nadu, IndiaCurrently, most countries are moving towards digitalization, and their energy consumption is increasing daily. Thus, power networks face major challenges in controlling energy consumption and supplying huge amounts of electricity. Again, using excessive power reduces the stored fossil fuels and affects the environment in terms of $ {\rm CO_{2}} $ emissions. Keep these issues in mind; this study focuses on energy-efficient products in an energy supply chain management model under credit sales, variable production, and stochastic demand. Here, the manufacturer grants a credit period for the retailer to get more orders; thus, the order quantity is related to the credit period envisaged in this model. Considering such components, supply chain members can reduce negative environmental impacts and significant energy consumption, achieve optimal results and avoid drastic financial losses. Additionally, including a credit period increases the possibility of default risk, for which a certain interest is charged. The marginal reduction cost for limiting carbon emissions, flexible production to meet fluctuating demand, and continuous investment to improve product quality are considered here. The global optimality of system profit function and decision variables (credit period, quality improvement, and production rate) is ensured through the classical optimization method. Interpretive sensitivity analyses and numerical investigations are performed to validate the proposed model. The results demonstrate that the idea of credit sales, flexible production, and quality improvement increases total system profit by $ 28.64\% $ and marginal reduction technology reduces $ {\rm CO_{2}} $ emissions up to $ 4.01\% $. https://www.aimspress.com/article/doi/10.3934/environsci.2022036?viewType=HTMLenergy-efficient productscredit salesvariable productionquality enhancementenvironmental effect |
| spellingShingle | Mowmita Mishra Santanu Kumar Ghosh Biswajit Sarkar Maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain management AIMS Environmental Science energy-efficient products credit sales variable production quality enhancement environmental effect |
| title | Maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain management |
| title_full | Maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain management |
| title_fullStr | Maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain management |
| title_full_unstemmed | Maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain management |
| title_short | Maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain management |
| title_sort | maintaining energy efficiencies and reducing carbon emissions under a sustainable supply chain management |
| topic | energy-efficient products credit sales variable production quality enhancement environmental effect |
| url | https://www.aimspress.com/article/doi/10.3934/environsci.2022036?viewType=HTML |
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