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Conference Paper: Joint Decisions on Low-carbon Investment and Production Quantity in Make-to-Stock Manufacturing

TitleJoint Decisions on Low-carbon Investment and Production Quantity in Make-to-Stock Manufacturing
Authors
KeywordsLow-carbon investment
EOQ
Joint Decision
Carbon policy
Issue Date2016
PublisherNewswood Limited.
Citation
Proceedings of the 24th World Congress on Engineering 2016 (WCE 2016), London, UK, 29 June - 1 July 2016, v. 2, p. 641-646 How to Cite?
AbstractDecisions on low-carbon investment are vital to the manufacturing industry. Despite current research on green supply, few works have paid attention to decisions on emission reduction in low-carbon sensitive markets. We attempt to address the issue of joint decisions on low-carbon investment and production quantity for optimal tradeoff between profit and emission reduction. A model based on economic order quantity (EOQ) under three carbon policies is proposed. The concavity properties of the model are analyzed, and the solution processes elaborated. The model is validated by numerical experiments to study the practical situations with and without carbon policies. The results reveal that investment in lowering carbon emission of products can be profitable in low-carbon sensitive markets, and that different decision strategies can be taken under different carbon policies.
DescriptionThe 24th World Congress on Engineering (WCE 2016) is organized by theInternational Association of Engineers (IAENG)
Persistent Identifierhttp://hdl.handle.net/10722/275853
ISBN
ISSN
Series/Report no.Lecture Notes in Engineering and Computer Science

 

DC FieldValueLanguage
dc.contributor.authorZhao, YC-
dc.contributor.authorChoi, SH-
dc.contributor.authorWang, XJ-
dc.contributor.authorQiao, A-
dc.date.accessioned2019-09-10T02:50:58Z-
dc.date.available2019-09-10T02:50:58Z-
dc.date.issued2016-
dc.identifier.citationProceedings of the 24th World Congress on Engineering 2016 (WCE 2016), London, UK, 29 June - 1 July 2016, v. 2, p. 641-646-
dc.identifier.isbn9789881404800-
dc.identifier.issn2078-0958-
dc.identifier.urihttp://hdl.handle.net/10722/275853-
dc.descriptionThe 24th World Congress on Engineering (WCE 2016) is organized by theInternational Association of Engineers (IAENG)-
dc.description.abstractDecisions on low-carbon investment are vital to the manufacturing industry. Despite current research on green supply, few works have paid attention to decisions on emission reduction in low-carbon sensitive markets. We attempt to address the issue of joint decisions on low-carbon investment and production quantity for optimal tradeoff between profit and emission reduction. A model based on economic order quantity (EOQ) under three carbon policies is proposed. The concavity properties of the model are analyzed, and the solution processes elaborated. The model is validated by numerical experiments to study the practical situations with and without carbon policies. The results reveal that investment in lowering carbon emission of products can be profitable in low-carbon sensitive markets, and that different decision strategies can be taken under different carbon policies.-
dc.languageeng-
dc.publisherNewswood Limited.-
dc.relation.ispartofProceedings of the World Congress on Engineering and Computer Science (WCECS 2016)-
dc.relation.ispartofseriesLecture Notes in Engineering and Computer Science-
dc.rights© Copyright International Association of Engineers-
dc.subjectLow-carbon investment-
dc.subjectEOQ-
dc.subjectJoint Decision-
dc.subjectCarbon policy-
dc.titleJoint Decisions on Low-carbon Investment and Production Quantity in Make-to-Stock Manufacturing-
dc.typeConference_Paper-
dc.identifier.emailChoi, SH: shchoi@hkucc.hku.hk-
dc.identifier.authorityChoi, SH=rp00109-
dc.identifier.hkuros302429-
dc.identifier.volume2-
dc.identifier.spage641-
dc.identifier.epage646-
dc.publisher.placeUnited Kingdom-

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