Abstract

In the degradation of environment, carbon emissions, deterioration, and waste play critical role. These three are very common phenomenon in the production firms. Government regulations compel production companies to establish some mechanisms to manage this. As a result, the authors of the current paper examine a production-inventory model while considering imperfect production, preservation technology, green technology, reworking, waste management, and the carbon tax. The product’s demand is assumed to be price-dependent. A specific proportion of manufactured goods are flawed, and this proportion is a linear function of manufacturing rate. The impact of inflation is considered throughout the entire analysis. Objective of the current study is to maximize the profit of production firm taking selling price, production rate, and cycle time as decision variables. Solution methodology is provided to obtain the optimal result. Numerical analysis is used to examine the model, and for managerial insights, sensitivity analysis is employed. Study suggests that decision-maker with learning attitude can earn more profit for the production system.

Author: S. K. Shon and Dharmendra Yadav

Received on: December, 2022

Accepted on: May, 2023