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Conference Paper: Joint Decisions on Low-carbon Investment and Production Quantity in Make-to-Stock Manufacturing
Title | Joint Decisions on Low-carbon Investment and Production Quantity in Make-to-Stock Manufacturing |
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Authors | |
Keywords | Low-carbon investment EOQ Joint Decision Carbon policy |
Issue Date | 2016 |
Publisher | Newswood 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? |
Abstract | Decisions 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. |
Description | The 24th World Congress on Engineering (WCE 2016) is organized by theInternational Association of Engineers (IAENG) |
Persistent Identifier | http://hdl.handle.net/10722/275853 |
ISBN | |
ISSN | 2020 SCImago Journal Rankings: 0.117 |
Series/Report no. | Lecture Notes in Engineering and Computer Science |
DC Field | Value | Language |
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dc.contributor.author | Zhao, YC | - |
dc.contributor.author | Choi, SH | - |
dc.contributor.author | Wang, XJ | - |
dc.contributor.author | Qiao, A | - |
dc.date.accessioned | 2019-09-10T02:50:58Z | - |
dc.date.available | 2019-09-10T02:50:58Z | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | Proceedings of the 24th World Congress on Engineering 2016 (WCE 2016), London, UK, 29 June - 1 July 2016, v. 2, p. 641-646 | - |
dc.identifier.isbn | 9789881404800 | - |
dc.identifier.issn | 2078-0958 | - |
dc.identifier.uri | http://hdl.handle.net/10722/275853 | - |
dc.description | The 24th World Congress on Engineering (WCE 2016) is organized by theInternational Association of Engineers (IAENG) | - |
dc.description.abstract | Decisions 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.language | eng | - |
dc.publisher | Newswood Limited. | - |
dc.relation.ispartof | Proceedings of the World Congress on Engineering and Computer Science (WCECS 2016) | - |
dc.relation.ispartofseries | Lecture Notes in Engineering and Computer Science | - |
dc.rights | © Copyright International Association of Engineers | - |
dc.subject | Low-carbon investment | - |
dc.subject | EOQ | - |
dc.subject | Joint Decision | - |
dc.subject | Carbon policy | - |
dc.title | Joint Decisions on Low-carbon Investment and Production Quantity in Make-to-Stock Manufacturing | - |
dc.type | Conference_Paper | - |
dc.identifier.email | Choi, SH: shchoi@hkucc.hku.hk | - |
dc.identifier.authority | Choi, SH=rp00109 | - |
dc.identifier.hkuros | 302429 | - |
dc.identifier.volume | 2 | - |
dc.identifier.spage | 641 | - |
dc.identifier.epage | 646 | - |
dc.publisher.place | United Kingdom | - |
dc.identifier.issnl | 2078-0958 | - |