Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality items
Researchers have recently developed a model for international supply chains for transferring lots in equal-sized batches, taking environmental concerns into account. This scheme incorporated stochastic behaviour of the exchange rate between the vendor's and buyer's currencies as part of th...
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| Format: | Article |
| Language: | English |
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Elsevier
2022-04-01
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| Series: | Sustainable Manufacturing and Service Economics |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2667344422000020 |
| _version_ | 1797347073181351936 |
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| author | Harun ÖZTÜRK |
| author_facet | Harun ÖZTÜRK |
| author_sort | Harun ÖZTÜRK |
| collection | DOAJ |
| description | Researchers have recently developed a model for international supply chains for transferring lots in equal-sized batches, taking environmental concerns into account. This scheme incorporated stochastic behaviour of the exchange rate between the vendor's and buyer's currencies as part of the process for making optimal decisions on the supply chain. They demonstrated that their model leads to a decrease in the total cost. However, a lower total cost can be achieved by synchronizing the integrated production flow through generalization of the batch transfer method used to deliver the lot. Furthermore, there seems to be a better fit from a new data set for comparing two currencies. With these developments in mind, we suggest an alternative model, considering transferring batches of unequal sizes, transfer costs that may be fixed or variable, and with an eye on environmental issues. Numerical experiments are presented to demonstrate the proposed model and solution method. These numerical experiments show the value of this integrated approach in the combined determination of optimal policies for production and shipment. Suggestions for further research are given in the conclusion. |
| first_indexed | 2024-03-08T11:42:28Z |
| format | Article |
| id | doaj.art-6dc108ba7f2a4a29931db0f51f51d659 |
| institution | Directory Open Access Journal |
| issn | 2667-3444 |
| language | English |
| last_indexed | 2024-03-08T11:42:28Z |
| publishDate | 2022-04-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Manufacturing and Service Economics |
| spelling | doaj.art-6dc108ba7f2a4a29931db0f51f51d6592024-01-25T05:23:53ZengElsevierSustainable Manufacturing and Service Economics2667-34442022-04-011100002Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality itemsHarun ÖZTÜRK0Corresponding author.; Süleyman Demirel University, Faculty of Economics and Administrative Sciences, Department of Business Administration, 32260, Çünür, Isparta, TürkiyeResearchers have recently developed a model for international supply chains for transferring lots in equal-sized batches, taking environmental concerns into account. This scheme incorporated stochastic behaviour of the exchange rate between the vendor's and buyer's currencies as part of the process for making optimal decisions on the supply chain. They demonstrated that their model leads to a decrease in the total cost. However, a lower total cost can be achieved by synchronizing the integrated production flow through generalization of the batch transfer method used to deliver the lot. Furthermore, there seems to be a better fit from a new data set for comparing two currencies. With these developments in mind, we suggest an alternative model, considering transferring batches of unequal sizes, transfer costs that may be fixed or variable, and with an eye on environmental issues. Numerical experiments are presented to demonstrate the proposed model and solution method. These numerical experiments show the value of this integrated approach in the combined determination of optimal policies for production and shipment. Suggestions for further research are given in the conclusion.http://www.sciencedirect.com/science/article/pii/S2667344422000020exchange rateinternational supply chainproduction planningimperfect quality itemsenvironmental awarenessunequal-sized batch shipments |
| spellingShingle | Harun ÖZTÜRK Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality items Sustainable Manufacturing and Service Economics exchange rate international supply chain production planning imperfect quality items environmental awareness unequal-sized batch shipments |
| title | Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality items |
| title_full | Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality items |
| title_fullStr | Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality items |
| title_full_unstemmed | Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality items |
| title_short | Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality items |
| title_sort | alternative shipment policies compared for an international supply chain model with stochastic exchange rate carbon emission and imperfect quality items |
| topic | exchange rate international supply chain production planning imperfect quality items environmental awareness unequal-sized batch shipments |
| url | http://www.sciencedirect.com/science/article/pii/S2667344422000020 |
| work_keys_str_mv | AT harunozturk alternativeshipmentpoliciescomparedforaninternationalsupplychainmodelwithstochasticexchangeratecarbonemissionandimperfectqualityitems |