H. Ali, M. A. Khan, A. A. Shaikh, A. F. Alrasheedi
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Impact of Carbon Emissions and Advance Payment on Optimal Decisions for Perishable Products via Parametric Approach of Interval
Under the heading of sustainability challenges, this study incorporates payment procedures and inventory selections. The article’s goal is to acquire insight into how the methods of payment affect perishable product inventory selections under the widely utilised carbon tax regime in view of policies to reduce emissions. Uncertainty arises as a natural consequence of the unpredictable behaviour of customers. Keeping these impacts in mind, an interval-valued inventory model is introduced, where all the related inventory parameters are considered interval-valued. In addition, the vendor offers an interval-valued discount rate to customers against advance payment. Due to the inventory parameters being chosen as interval-valued, the objective function is changed into an interval-valued form, and the corresponding differential equation is changed into an interval differential equation. To solve the interval-valued differential equation, a parametric approach to interval is introduced, and the corresponding interval-valued objective function is constructed. Interval order relations and the MATHEMATICA software are used to solve the objective function with interval values. To assess the validity of the proposed model, one numerical example is solved, and a sensitivity analysis of the ideal course of action is performed.
期刊介绍:
Journal of Environmental Informatics (JEI) is an international, peer-reviewed, and interdisciplinary publication designed to foster research innovation and discovery on basic science and information technology for addressing various environmental problems. The journal aims to motivate and enhance the integration of science and technology to help develop sustainable solutions that are consensus-oriented, risk-informed, scientifically-based and cost-effective. JEI serves researchers, educators and practitioners who are interested in theoretical and/or applied aspects of environmental science, regardless of disciplinary boundaries. The topics addressed by the journal include:
- Planning of energy, environmental and ecological management systems
- Simulation, optimization and Environmental decision support
- Environmental geomatics - GIS, RS and other spatial information technologies
- Informatics for environmental chemistry and biochemistry
- Environmental applications of functional materials
- Environmental phenomena at atomic, molecular and macromolecular scales
- Modeling of chemical, biological and environmental processes
- Modeling of biotechnological systems for enhanced pollution mitigation
- Computer graphics and visualization for environmental decision support
- Artificial intelligence and expert systems for environmental applications
- Environmental statistics and risk analysis
- Climate modeling, downscaling, impact assessment, and adaptation planning
- Other areas of environmental systems science and information technology.