A Sustainable Inventory Management: A Comprehensive Analysis of Cap-and-

Trade Policy and Green Technology for Perishable items in the Diabetic
Healthcare Sector
Rohit Kasera and Prof. Vinod Kumar Mishra
Department of Mathematics and Scientific Computing
Madan Mohan Malaviya University of Technology, Gorakhpur-273010(U.P.)
Abstract Notations Case2:-. 𝐶𝑝 > 𝐴𝑒 then SR(profit)=𝑥2 (𝐶𝑝 - 𝐴𝑒 )
Total average cost per unit time
This study offers a production inventory model where demand is determined by the J(t) Diabetic population size at time t
average amount of perishable goods consumed by the diabetic population. Perishable 𝒒𝟎 Initial diabetic population. 𝑂𝐶 + 𝐷𝐶 + 𝐻𝐶 + 𝐹𝐶 + 𝐶𝑇 (𝐷𝐶𝐶𝐸 +𝐻𝐶𝐶𝐸 + 𝐹𝐶𝐶𝐸 + 𝑃𝐶𝐶𝐸 − 𝑆𝑅]
𝑇𝐶22 =
goods have a limited shelf life and can degrade rapidly, preservation technology is used 𝛂 Rate of increase of diabetic population. 𝑇
to extend their shelf life. We use cap-and-trade regulations and green technologies to ∆ Number of non-diabetic individuals who catch diabetes . Model 3 :
regulate carbon emissions because it is important to include carbon emissions from the 𝛍 Average consumption of sweet per individual. To reduce the rate of deterioration and carbon emissions, an investor will spend
manufacturing, transportation, storage and deterioration of goods.. The objective of this L(t) Amount of sweets produced at time t on preservation technology and green technology respectively The reduced
poster is to develop a mathematical model of inventory system to determine total R Demand rate carbon emission cost is calculated as:
expense of this research, which takes into consideration preservation, green 𝛉 Deterioration rate CTCE2 = 𝐶𝑇 𝑒 −𝑎𝐺 (𝐷𝐶𝐶𝐸2 +𝐻𝐶𝐶𝐸2 + 𝐹𝐶𝐶𝐸 + 𝑃𝐶𝐶𝐸 )
technology and cap-and-trade policies and minimize the carbon emission.
Keywords: Production inventory model, Carbon emission, Perishable products Green Hence, the total average cost per unit of time is represented as :
technology investment, Preservation Technology, Cap-and-trade policy. Model formulation [𝑂𝐶 + 𝐷𝐶2 + 𝐻𝐶2 + 𝐹𝐶 + 𝑃𝐶 + 𝑃𝑇𝐼 + CTCE2 + 𝐺]
𝑇𝐶3 =
𝑇
.
During the time interval[0,T],the growth of diabetic population size is represented as
Introduction 𝑑𝐽(𝑡) Conclusion
=𝛼𝐽 𝑡 +∆
𝑑𝑡
With the initial condition J(0)=𝑞0 .Hence the size of the diabetic population at the This article develops a sustainable production inventory model for diabetic
Many nations currently concentrate on reducing carbon emissions at every stage of the time t is:
inventory supply chain due to global warming. To do this, various nations use various individuals that includes preservation of sweet items. Research shows that
𝛼𝑡
∆ 𝛼𝑡
policies, such as carbon taxes on various industrial phases, carbon emission caps, green 𝐽 𝑡 = 𝑞0 𝑒 + 𝑒 − 1 investing in green technology reduces carbon emissions, which in turn reduces
𝛼
investment, etc. The deterioration of the products is another important component of Demand for sweets at time t overall costs. Additionally, preservation cost lowers the cost of deterioration.
inventory models. Because of its rapid deteriorating rate, It is challenging for suppliers 𝑅 𝑡 =𝜇𝐽 𝑡 Cap-and-trade policies are an effective way to reduce carbon emissions into the
and manufacturers to keep goods in good condition for extended periods of time. These During time interval 0 to T inventory model for production is represented as: atmosphere. This study effectively examined two scenarios: the first one
days, suppliers and manufacturers are addressing this issue by spending money on a demonstrated when the allowed emission cap is less than the specified cap, and
preservation technologies So this study emphasizes on sustainable production inventory 𝑑𝐿(𝑡) the second scenario is over the cap. This policy is showing that higher taxes
system of sweet products for diabetic individuals with green and preservation + 𝜃 𝐿 𝑡 = 𝑃 − 𝑅 𝑡 ; 𝐿 0 = 𝜇𝑞0
𝑑𝑡 result in decreased profit. On the other hand, it also shows that the store can
investments. As sweets are highly perishable products, some preservation technologies make a larger profit when permitted emissions are lower than the limit.
are required to be invested in for the longer life of products. Also during various stages The gross sweets production to reach the diabetic population at the time t is : Increase in initial population and average consumption boosts the production
of the supply chain of sweet items, a huge amount of carbon emission takes place. So it
rate and total cost, which is realistic scenario. Green and preservation
needs to be controlled by green investment. (−𝛼𝑒 −𝜃𝑡 𝑃 − 𝜇𝑞0 𝜃 𝛼 − 𝜇𝑞0 𝜃 2 + 𝜃 𝑃 − 𝜇𝑞0 + ∆𝜇 − 𝜇𝜃𝑒 𝛼𝑡 𝛼𝑞0 + ∆ + (𝛼 + 𝜃)(∆𝜇 + 𝑃𝛼))
𝐿 𝑡 =
𝛼𝜃(𝛼 + 𝜃)
technology investments are needed to comply with government policies,
Model 1: protect the environment and lengthen the life of inventory products.
Assumptions Ordering cost OC=A
𝑇
Deteriorating cost 𝐷𝐶 = 𝐶𝑑 𝜃 ‫׬‬0 𝐿 𝑡 𝑑𝑡 References
The below mentioned assumptions are taken in the festive sweets production inventory 𝐶𝑝𝑣 𝑇
Production cost 𝑃𝐶 = 𝐶𝑝0 𝑃𝑇 + ‫׬‬0
𝑅 𝑡 𝑑𝑡
model. 𝑃
𝑇
❑Lead time is zero. Transportation cost 𝐹𝐶 = 𝐹 ‫׬‬0 𝑅 𝑡 𝑑𝑡 ❑[Shah, N. H., Patel, D. G., Shah, D. B., & Prajapati, N. M. (2023). A
❑∆ indicates the number of non-diabetic individuals who catch diabetes and ∆ > 0 Holding cost 𝐻𝐶 =
𝑇
ℎ ‫׬‬0 𝐿
𝑡 𝑑𝑡 sustainable production inventory model with green technology investment
because non-diabetic individuals are more than diabetic individuals . Hence, the total average cost per unit of time is represented as : for perishable products. Decision Analytics Journal, 8, 100309.
❑The demand for sweets is R(t) = µJ(t). ❑Roy, D., & Mashud, A. H. M. (2022). Optimizing profit in a controlled
❑When green investment is considered , 𝑒 −𝑎𝐺 times carbon emission cost is reduced [𝑂𝐶 + 𝐷𝐶 + 𝐻𝐶 + 𝐹𝐶 + 𝐶𝑇 (𝐷𝐶𝐶𝐸 +𝐻𝐶𝐶𝐸 + 𝐹𝐶𝐶𝐸 + 𝑃𝐶𝐶𝐸 )] environment: Assessing the synergy between preservation technology and
where 0 < a < 1 is the sensitivity of green investment. 𝑇𝐶1 = cap-and-trade policy. Journal of King Saud University-Science, 34(3),
𝑇
❑An infinite planning horizon is considered. Model 2: 101899.
❑The rate of production is more than the rate of demand. Amount of carbon emission interval [0,T]: ❑Singh, R., & Mishra, V. K. (2022). Sustainable integrated inventory model
❑In one case the preservation technology is considered and the deterioration cost, in that 𝐴𝑒 =CE=(𝐷𝐶𝐶𝐸 +𝐻𝐶𝐶𝐸 + 𝐹𝐶𝐶𝐸 + 𝑃𝐶𝐶𝐸 ) for substitutable deteriorating items considering both transport and industry
case, is represented as 𝐶𝑑 𝜃𝑒 −𝜔𝑢 , where 0 <ω<1 is preservation cost sensitivity. Case1: 𝐶𝑝 < 𝐴𝑒 then 𝐶𝐸1 = 𝑥1 (𝐴𝑒 - 𝐶𝑝 ) carbon emissions. Journal of Systems Science and Systems
1 Engineering, 31(3), 267-287.
❑The reduced deterioration rate is taken as f (u) = 1 − ,γ > 0 which is increasing, Total average cost per unit time
1+𝛾𝑢
continuous and concave function of preservation technology investment u. 𝑂𝐶 + 𝐷𝐶 + 𝐻𝐶 + 𝐹𝐶 + 𝐶𝑇 (𝐷𝐶𝐶𝐸 +𝐻𝐶𝐶𝐸 + 𝐹𝐶𝐶𝐸 + 𝑃𝐶𝐶𝐸 + 𝐶𝐸1 ]
𝑇𝐶21 =
𝑇

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*Poster presentation on the occasion of International Mathematics Day (𝜋 − 𝑑𝑎𝑦 : 3. 14 2024 ) Research Scholar Day(RSD-2024) www.postersession.com