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Green Inventory Strategies for Perishable Goods: Integrating Preservation, Carbon Emission, Demand Dynamics, and Payment Latency

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Abstract

This study presents an inventory model for managing perishable goods, considering preservation technology, permissible payment delay, advertisement and stock-dependent demand, and carbon emission. Proper preservation technology is crucial in extending the lifespan of perishable goods and minimizing waste within the inventory system. The model also takes into account the permissible delay in payment, allowing retailers to navigate financial constraints while maintaining stable operations. Demand for perishable goods is influenced by advertising efforts and stock levels, necessitating a dynamic approach. By incorporating inventory carbon emissions, the framework assists retailers in reducing emissions and optimizing inventory decisions. This approach can help retailers reduce costs, increase profitability, and contribute to sustainability in the retail industry. This research refers to cases and numerical examples, providing management insights and sensitivity analysis to determine the optimal course of action to change the parameters of the model.

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Authors and Affiliations

  1. Department of Mathematics, Mepco Schlenk Engineering College, Sivakasi, Tamil Nadu, India

    Palanivel M., Vetriselvi S. & Venkadesh M.

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  1. Palanivel M.
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  2. Vetriselvi S.
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M., P., S., V. & M., V. Green Inventory Strategies for Perishable Goods: Integrating Preservation, Carbon Emission, Demand Dynamics, and Payment Latency. Process Integr Optim Sustain (2024). https://doi.org/10.1007/s41660-024-00426-2

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  • DOI: https://doi.org/10.1007/s41660-024-00426-2

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