Optimizing Pricing, Pre-Sale Incentive, and Inventory Decisions with Advance Sales and Trade Credit under Carbon Tax Policy
This paper aims to propose a comprehensive inventory model including pricing, pre-sale incentives, advance sales, trade credit, and carbon tax policies. The novelty of this study lies in its holistic approach to addressing these relevant and practical issues. The major purpose is to determine the op...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-05-01
|
| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/11/11/2534 |
| _version_ | 1797597141481291776 |
|---|---|
| author | Mei-Chuan Cheng Hui-Chiung Lo Chih-Te Yang |
| author_facet | Mei-Chuan Cheng Hui-Chiung Lo Chih-Te Yang |
| author_sort | Mei-Chuan Cheng |
| collection | DOAJ |
| description | This paper aims to propose a comprehensive inventory model including pricing, pre-sale incentives, advance sales, trade credit, and carbon tax policies. The novelty of this study lies in its holistic approach to addressing these relevant and practical issues. The major purpose is to determine the optimal pricing, pre-order discount, and replenishment decisions to maximize the total profit under carbon tax policy. Through theoretical analysis, this study develops several theorems to demonstrate properties of optimal solutions and an easy-to-use algorithm to derive optimal solutions. Further, several numerical examples are provided to demonstrate the solution process for different scenarios and the effects of various parameters on optimal alternatives and solutions. This study provides companies management implications to address the challenges posed by the global movement to reduce carbon emissions while maintaining their profitability. |
| first_indexed | 2024-03-11T03:01:37Z |
| format | Article |
| id | doaj.art-61a8113225584dcc9dc2f311694e99b1 |
| institution | Directory Open Access Journal |
| issn | 2227-7390 |
| language | English |
| last_indexed | 2024-03-11T03:01:37Z |
| publishDate | 2023-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Mathematics |
| spelling | doaj.art-61a8113225584dcc9dc2f311694e99b12023-11-18T08:13:23ZengMDPI AGMathematics2227-73902023-05-011111253410.3390/math11112534Optimizing Pricing, Pre-Sale Incentive, and Inventory Decisions with Advance Sales and Trade Credit under Carbon Tax PolicyMei-Chuan Cheng0Hui-Chiung Lo1Chih-Te Yang2Department of Information Management, Fu Jen Catholic University, New Taipei City 242, TaiwanDepartment of Business Administration, Tamkang University, New Taipei City 251, TaiwanDepartment of Business Administration, Tamkang University, New Taipei City 251, TaiwanThis paper aims to propose a comprehensive inventory model including pricing, pre-sale incentives, advance sales, trade credit, and carbon tax policies. The novelty of this study lies in its holistic approach to addressing these relevant and practical issues. The major purpose is to determine the optimal pricing, pre-order discount, and replenishment decisions to maximize the total profit under carbon tax policy. Through theoretical analysis, this study develops several theorems to demonstrate properties of optimal solutions and an easy-to-use algorithm to derive optimal solutions. Further, several numerical examples are provided to demonstrate the solution process for different scenarios and the effects of various parameters on optimal alternatives and solutions. This study provides companies management implications to address the challenges posed by the global movement to reduce carbon emissions while maintaining their profitability.https://www.mdpi.com/2227-7390/11/11/2534inventory systemtrade creditadvance salesdiscount ratecarbon emission schemescarbon tax |
| spellingShingle | Mei-Chuan Cheng Hui-Chiung Lo Chih-Te Yang Optimizing Pricing, Pre-Sale Incentive, and Inventory Decisions with Advance Sales and Trade Credit under Carbon Tax Policy Mathematics inventory system trade credit advance sales discount rate carbon emission schemes carbon tax |
| title | Optimizing Pricing, Pre-Sale Incentive, and Inventory Decisions with Advance Sales and Trade Credit under Carbon Tax Policy |
| title_full | Optimizing Pricing, Pre-Sale Incentive, and Inventory Decisions with Advance Sales and Trade Credit under Carbon Tax Policy |
| title_fullStr | Optimizing Pricing, Pre-Sale Incentive, and Inventory Decisions with Advance Sales and Trade Credit under Carbon Tax Policy |
| title_full_unstemmed | Optimizing Pricing, Pre-Sale Incentive, and Inventory Decisions with Advance Sales and Trade Credit under Carbon Tax Policy |
| title_short | Optimizing Pricing, Pre-Sale Incentive, and Inventory Decisions with Advance Sales and Trade Credit under Carbon Tax Policy |
| title_sort | optimizing pricing pre sale incentive and inventory decisions with advance sales and trade credit under carbon tax policy |
| topic | inventory system trade credit advance sales discount rate carbon emission schemes carbon tax |
| url | https://www.mdpi.com/2227-7390/11/11/2534 |
| work_keys_str_mv | AT meichuancheng optimizingpricingpresaleincentiveandinventorydecisionswithadvancesalesandtradecreditundercarbontaxpolicy AT huichiunglo optimizingpricingpresaleincentiveandinventorydecisionswithadvancesalesandtradecreditundercarbontaxpolicy AT chihteyang optimizingpricingpresaleincentiveandinventorydecisionswithadvancesalesandtradecreditundercarbontaxpolicy |