IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i1p215-d474183.html
   My bibliography  Save this article

Effect of Renewable Energy to Reduce Carbon Emissions under a Flexible Production System: A Step Toward Sustainability

Author

Listed:
  • Mitali Sarkar

    (Department of Industrial Engineering, Yonsei University, 50 Yonsei-ro, Sinchon-dong, Seodaemun-gu, Seoul 03722, Korea)

  • Byung Do Chung

    (Department of Industrial Engineering, Yonsei University, 50 Yonsei-ro, Sinchon-dong, Seodaemun-gu, Seoul 03722, Korea)

Abstract

Renewable energy and environmental issues are receiving considerable attention worldwide along with the technological development of production system for reducing global warming. Due to the use of smart technologies, the rate of carbon emission and energy utilization have become very high and are directly related to different industries. This study focuses on the effect of renewable energy on the advancement of smart production with a flexible production rate as well as the reduction of carbon emission to build a sustainable smart production system. A mathematical model is developed to maximize the profit of the smart production system for economic development while considering technological and environmental issues. The model is solved analytically, and we obtain closed and quasi-closed form solutions. A numerical experiment is performed, and a comparison with previous studies indicates that our method achieves more profit than existing ones. Additionally, we highlight the major effect of renewable energy. Different graphical representations of the decision variables prove the convergence of the model. A sensitivity analysis and graphical representation are presented in this paper, and some recommendations for industry are provided by simulating this model in different scenarios.

Suggested Citation

  • Mitali Sarkar & Byung Do Chung, 2021. "Effect of Renewable Energy to Reduce Carbon Emissions under a Flexible Production System: A Step Toward Sustainability," Energies, MDPI, vol. 14(1), pages 1-14, January.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:1:p:215-:d:474183
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/1/215/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/14/1/215/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mitali Sarkar & Biswajit Sarkar & Muhammad Waqas Iqbal, 2018. "Effect of Energy and Failure Rate in a Multi-Item Smart Production System," Energies, MDPI, vol. 11(11), pages 1-21, October.
    2. Glock, C. H., 2009. "A Comment: "Integrated single vendor single buyer model with stochastic demand and variable lead time"," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 57828, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    3. Sarkar, Biswajit & Sarkar, Mitali & Ganguly, Baishakhi & Cárdenas-Barrón, Leopoldo Eduardo, 2021. "Combined effects of carbon emission and production quality improvement for fixed lifetime products in a sustainable supply chain management," International Journal of Production Economics, Elsevier, vol. 231(C).
    4. Mitali Sarkar & Byung Do Chung, 2020. "Flexible work-in-process production system in supply chain management under quality improvement," International Journal of Production Research, Taylor & Francis Journals, vol. 58(13), pages 3821-3838, July.
    5. Wang, Zhaohua & Bui, Quocviet & Zhang, Bin & Nawarathna, Chulan Lasantha K. & Mombeuil, Claudel, 2021. "The nexus between renewable energy consumption and human development in BRICS countries: The moderating role of public debt," Renewable Energy, Elsevier, vol. 165(P1), pages 381-390.
    6. Glock, Christoph H., 2009. "A comment: "Integrated single vendor-single buyer model with stochastic demand and variable lead time"," International Journal of Production Economics, Elsevier, vol. 122(2), pages 790-792, December.
    7. Sarkar, Biswajit & Guchhait, Rekha & Sarkar, Mitali & Cárdenas-Barrón, Leopoldo Eduardo, 2019. "How does an industry manage the optimum cash flow within a smart production system with the carbon footprint and carbon emission under logistics framework?," International Journal of Production Economics, Elsevier, vol. 213(C), pages 243-257.
    8. Rasti-Barzoki, Morteza & Moon, Ilkyeong, 2020. "A game theoretic approach for car pricing and its energy efficiency level versus governmental sustainability goals by considering rebound effect: A case study of South Korea," Applied Energy, Elsevier, vol. 271(C).
    9. Ata Allah Taleizadeh & Bita Hazarkhani & Ilkyeong Moon, 2020. "Joint pricing and inventory decisions with carbon emission considerations, partial backordering and planned discounts," Annals of Operations Research, Springer, vol. 290(1), pages 95-113, July.
    10. Moon, Ilkyeong & Xu, Jie & Feng, Xuehao & Ruan, Xiao, 2020. "Cooperative sales promotion with a point-sharing policy: Advantages and limitations," Omega, Elsevier, vol. 94(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Behnamfar, Reza & Sajadi, Seyed Mojtaba & Tootoonchy, Mahshid, 2022. "Developing environmental hedging point policy with variable demand: A machine learning approach," International Journal of Production Economics, Elsevier, vol. 254(C).
    2. Shikha Yadav & Sachin Kumar Mangla & Priyamvada Priyamvada & Aman Borkar & Aditi Khanna, 2024. "An energy‐efficient model for PPE waste management in a closed‐loop supply chain," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1191-1207, February.
    3. Falguni Mahato & Chandan Mahato & Gour Chandra Mahata, 2023. "Sustainable optimal production policies for an imperfect production system with trade credit under different carbon emission regulations," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 10073-10099, September.
    4. Yue, Xianghua & Peng, Michael Yao-Ping & Anser, Muhammad Khalid & Nassani, Abdelmohsen A. & Haffar, Mohamed & Zaman, Khalid, 2022. "The role of carbon taxes, clean fuels, and renewable energy in promoting sustainable development: How green is nuclear energy?," Renewable Energy, Elsevier, vol. 193(C), pages 167-178.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arash Sepehri & Mohammad Reza Gholamian, 2023. "A green inventory model with imperfect items considering inspection process and quality improvement under different shortages scenarios," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(4), pages 3269-3297, April.
    2. Chan, Chi Kin & Fang, Fei & Langevin, André, 2018. "Single-vendor multi-buyer supply chain coordination with stochastic demand," International Journal of Production Economics, Elsevier, vol. 206(C), pages 110-133.
    3. Oshmita Dey, 2019. "A fuzzy random integrated inventory model with imperfect production under optimal vendor investment," Operational Research, Springer, vol. 19(1), pages 101-115, March.
    4. Guitao Zhang & Xiao Zhang & Hao Sun & Xinyu Zhao, 2021. "Three-Echelon Closed-Loop Supply Chain Network Equilibrium under Cap-and-Trade Regulation," Sustainability, MDPI, vol. 13(11), pages 1-26, June.
    5. Glock, Christoph H., 2012. "Lead time reduction strategies in a single-vendor–single-buyer integrated inventory model with lot size-dependent lead times and stochastic demand," International Journal of Production Economics, Elsevier, vol. 136(1), pages 37-44.
    6. AlDurgam, Mohammad & Adegbola, Kehinde & Glock, Christoph H., 2017. "A single-vendor single-manufacturer integrated inventory model with stochastic demand and variable production rate," International Journal of Production Economics, Elsevier, vol. 191(C), pages 335-350.
    7. Mitali Sarkar & Biswajit Sarkar, 2019. "Optimization of Safety Stock under Controllable Production Rate and Energy Consumption in an Automated Smart Production Management," Energies, MDPI, vol. 12(11), pages 1-16, May.
    8. Dey, O. & Giri, B.C., 2014. "Optimal vendor investment for reducing defect rate in a vendor–buyer integrated system with imperfect production process," International Journal of Production Economics, Elsevier, vol. 155(C), pages 222-228.
    9. Beck, Fabian G. & Glock, Christoph H. & Kim, Taebok, 2017. "Coordination of a production network with a single buyer and multiple vendors with geometrically increasing batch shipments," International Journal of Production Economics, Elsevier, vol. 193(C), pages 633-646.
    10. M. A. Hoque, 2021. "An optimal solution policy to an integrated manufacturer-retailers problem with normal distribution of lead times of delivering equal and unequal-sized batches," OPSEARCH, Springer;Operational Research Society of India, vol. 58(2), pages 483-512, June.
    11. Asif Iqbal Malik & Byung Soo Kim, 2020. "A Constrained Production System Involving Production Flexibility and Carbon Emissions," Mathematics, MDPI, vol. 8(2), pages 1-21, February.
    12. Jihed Jemai & Biswajit Sarkar, 2019. "Optimum Design of a Transportation Scheme for Healthcare Supply Chain Management: The Effect of Energy Consumption," Energies, MDPI, vol. 12(14), pages 1-27, July.
    13. Iqra Asghar & Biswajit Sarkar & Sung-jun Kim, 2019. "Economic Analysis of an Integrated Production–Inventory System under Stochastic Production Capacity and Energy Consumption," Energies, MDPI, vol. 12(16), pages 1-27, August.
    14. Wen-Tsung Ho & Shu-Fang Lai & Yun-Kuei Huang, 2014. "An Optimal Mixed Batch Shipment Policy for Multiple Items in a Single-Supplier Multiple-Retailer Integrated System," Journal of Optimization Theory and Applications, Springer, vol. 160(2), pages 636-658, February.
    15. K. F. Mary Latha & M. Ganesh Kumar & R. Uthayakumar, 2021. "Two echelon economic lot sizing problems with geometric shipment policy backorder price discount and optimal investment to reduce ordering cost," OPSEARCH, Springer;Operational Research Society of India, vol. 58(4), pages 1133-1163, December.
    16. Glock, Christoph H., 2012. "The joint economic lot size problem: A review," International Journal of Production Economics, Elsevier, vol. 135(2), pages 671-686.
    17. Panagiotis Trivellas & Georgios Malindretos & Panagiotis Reklitis, 2020. "Implications of Green Logistics Management on Sustainable Business and Supply Chain Performance: Evidence from a Survey in the Greek Agri-Food Sector," Sustainability, MDPI, vol. 12(24), pages 1-29, December.
    18. Ventura, José A. & Bunn, Kevin A. & Venegas, Bárbara B. & Duan, Lisha, 2021. "A coordination mechanism for supplier selection and order quantity allocation with price-sensitive demand and finite production rates," International Journal of Production Economics, Elsevier, vol. 233(C).
    19. Hota, Soumya Kanti & Sarkar, Biswajit & Ghosh, Santanu Kumar & Cheikhrouhou, Naoufel & Treviño-Garza, Gerardo, 2024. "What should be the best retail strategy to deal with an unequal shipment from an unreliable manufacturer?," Journal of Retailing and Consumer Services, Elsevier, vol. 76(C).
    20. Kaewnern, Hathaipat & Wangkumharn, Sirikul & Deeyaonarn, Wongsathon & Yousaf, Abaid Ullah & Kongbuamai, Nattapan, 2023. "Investigating the role of research development and renewable energy on human development: An insight from the top ten human development index countries," Energy, Elsevier, vol. 262(PB).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:14:y:2021:i:1:p:215-:d:474183. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.