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Abstract:
While single-period stochastic inventory problems have been studied in academia and industry, the impacts of both carbon emissions reduction and partial distribution information have not been investigated. In this paper, we consider carbon emission reduction in a single-period inventory problem where both product price and demand are stochastic. When only partial information on the first and second moments of the two stochastic elements is specified, we use the max-min criterion to construct two optimization models under cap-and-trade and carbon tax policies. For each model, we prove the existence of the optimal robust decisions on production quantity and cleaning equipment investment. By comparing the profit and carbon emission between these two models, we identify certain conditions that improve the economic and environmental performance of the manufacturer. Finally, we conduct a numerical study to test the robustness of the optimal operational decisions under each carbon policy.
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ASIA-PACIFIC JOURNAL OF OPERATIONAL RESEARCH
ISSN: 0217-5959
Year: 2023
Issue: 04
Volume: 40
1 . 4 0 0
JCR@2022
ESI Discipline: ENGINEERING;
ESI HC Threshold:19
Cited Count:
SCOPUS Cited Count:
ESI Highly Cited Papers on the List: 0 Unfold All
WanFang Cited Count:
Chinese Cited Count:
30 Days PV: 10
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