Sustainable Green Economy for a Supply Chain with Remanufacturing by Both the Supplier and Manufacturer in a Varying Market
<i>Background</i>: In a typical multiechelon supply chain, the supplier makes semifinished items, from which the manufacturer produces finished products to eventually get sold at retailers. However, the majority of existing supply chain models consider the remanufacturing of defective pr...
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MDPI AG
2023-07-01
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| Series: | Logistics |
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| Online Access: | https://www.mdpi.com/2305-6290/7/3/37 |
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| author | Rimi Karmakar Sanat K. Mazumder Md Billal Hossain Csaba Balint Illes Arindam Garai |
| author_facet | Rimi Karmakar Sanat K. Mazumder Md Billal Hossain Csaba Balint Illes Arindam Garai |
| author_sort | Rimi Karmakar |
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| description | <i>Background</i>: In a typical multiechelon supply chain, the supplier makes semifinished items, from which the manufacturer produces finished products to eventually get sold at retailers. However, the majority of existing supply chain models consider the remanufacturing of defective products by solely one organization, despite the fact that both the supplier and manufacturer can produce defective products. This study considers the remanufacturing of defective products with fresh materials and additional expenses by both the supplier and manufacturer. Contrary to well-established articles that hold major partners to be accountable for reducing carbon emissions under a carbon cap-and-trade policy, the proposed model presumes an initial green technological investment by each chain partner. <i>Methods</i>: This study represents a varying market with fuzzy cost components that are then defuzzified with <inline-formula><math xmlns="http://www.w3.org/1998/Math/MathML" display="inline"><semantics><mi>λ</mi></semantics></math></inline-formula>-integral method. This study determines the critical values of three discrete and four other continuous decision variables that globally maximize the profitability of the proposed model. Results: Slower production with a longer cycle boosts profitability in a developing market. To increase profit, a case study on the oil and natural gas business suggested to reduce the production of defective items and cutting emission through green investments. <i>Conclusions</i>: Managers can sustainably boost profit via careful production, modern machinery, and slightly longer cycles. |
| format | Article |
| id | doaj-art-848d02ed26f64aafabaf4cebe68bcda2 |
| institution | Kabale University |
| issn | 2305-6290 |
| language | English |
| publishDate | 2023-07-01 |
| publisher | MDPI AG |
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| series | Logistics |
| spelling | doaj-art-848d02ed26f64aafabaf4cebe68bcda22025-08-20T03:33:53ZengMDPI AGLogistics2305-62902023-07-01733710.3390/logistics7030037Sustainable Green Economy for a Supply Chain with Remanufacturing by Both the Supplier and Manufacturer in a Varying MarketRimi Karmakar0Sanat K. Mazumder1Md Billal Hossain2Csaba Balint Illes3Arindam Garai4Department of Mathematics, Indian Institute of Engineering Science and Technology, Shibpur, Howrah 711 103, IndiaDepartment of Mathematics, Indian Institute of Engineering Science and Technology, Shibpur, Howrah 711 103, IndiaDoctoral School of Economic and Regional Sciences, Hungarian University of Agriculture and Life Sciences, 2100 Godollo, HungaryHungarian National Bank—Research Center, John Von Neumann University, 6000 Kecskemet, HungaryDepartment of Mathematics, Sonarpur Mahavidyalaya, Rajpur, Kolkata 700 149, India<i>Background</i>: In a typical multiechelon supply chain, the supplier makes semifinished items, from which the manufacturer produces finished products to eventually get sold at retailers. However, the majority of existing supply chain models consider the remanufacturing of defective products by solely one organization, despite the fact that both the supplier and manufacturer can produce defective products. This study considers the remanufacturing of defective products with fresh materials and additional expenses by both the supplier and manufacturer. Contrary to well-established articles that hold major partners to be accountable for reducing carbon emissions under a carbon cap-and-trade policy, the proposed model presumes an initial green technological investment by each chain partner. <i>Methods</i>: This study represents a varying market with fuzzy cost components that are then defuzzified with <inline-formula><math xmlns="http://www.w3.org/1998/Math/MathML" display="inline"><semantics><mi>λ</mi></semantics></math></inline-formula>-integral method. This study determines the critical values of three discrete and four other continuous decision variables that globally maximize the profitability of the proposed model. Results: Slower production with a longer cycle boosts profitability in a developing market. To increase profit, a case study on the oil and natural gas business suggested to reduce the production of defective items and cutting emission through green investments. <i>Conclusions</i>: Managers can sustainably boost profit via careful production, modern machinery, and slightly longer cycles.https://www.mdpi.com/2305-6290/7/3/37sustainable supply chainremanufacturinggreen economycarbon cap-and-tradecooperative advertisingdegree of optimism |
| spellingShingle | Rimi Karmakar Sanat K. Mazumder Md Billal Hossain Csaba Balint Illes Arindam Garai Sustainable Green Economy for a Supply Chain with Remanufacturing by Both the Supplier and Manufacturer in a Varying Market Logistics sustainable supply chain remanufacturing green economy carbon cap-and-trade cooperative advertising degree of optimism |
| title | Sustainable Green Economy for a Supply Chain with Remanufacturing by Both the Supplier and Manufacturer in a Varying Market |
| title_full | Sustainable Green Economy for a Supply Chain with Remanufacturing by Both the Supplier and Manufacturer in a Varying Market |
| title_fullStr | Sustainable Green Economy for a Supply Chain with Remanufacturing by Both the Supplier and Manufacturer in a Varying Market |
| title_full_unstemmed | Sustainable Green Economy for a Supply Chain with Remanufacturing by Both the Supplier and Manufacturer in a Varying Market |
| title_short | Sustainable Green Economy for a Supply Chain with Remanufacturing by Both the Supplier and Manufacturer in a Varying Market |
| title_sort | sustainable green economy for a supply chain with remanufacturing by both the supplier and manufacturer in a varying market |
| topic | sustainable supply chain remanufacturing green economy carbon cap-and-trade cooperative advertising degree of optimism |
| url | https://www.mdpi.com/2305-6290/7/3/37 |
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