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The Effect of Renewable Energy and Corporate Social Responsibility on Dual-Channel Supply Chain Management

Author

Listed:
  • Sumi Kar

    (Department of Mathematics, National Institute of Technology Durgapur, Durgapur 713213, West Bengal, India)

  • Anita Pal

    (Department of Mathematics, National Institute of Technology Durgapur, Durgapur 713213, West Bengal, India)

  • Kajla Basu

    (Department of Mathematics, National Institute of Technology Durgapur, Durgapur 713213, West Bengal, India
    Kajla Basu has passed away.)

  • Achyuth Sarkar

    (Department of Computer Science and Engineering, National Institute of Technology Arunachal Pradesh, Papum Pare 791113, Arunachal Pradesh, India)

  • Biswajit Sarkar

    (Department of Industrial Engineering, Yonsei University, 50 Yonsei-ro, Sinchon-dong, Seodaemun-gu, Seoul 03722, Republic of Korea
    Center for Transdisciplinary Research (CFTR), Saveetha Dental College, Saveetha Institute of Medical and Technical Sciences, Saveetha University, 162, Poonamallee High Road, Velappanchavadi, Chennai 600077, Tamil Nadu, India)

Abstract

Global energy demand has unquestionably increased significantly in recent years. Nowadays, industries are very aware of global warming, and to save the environment, they produce green products with energy consumption. Day by day, energy use is increasing due to population, end-use markets of construction, transportation, industry, etc. But the energy limit is finite, whereas the daily use is rising, so the price is increasing. In this study, two situations have been shown in two models with renewable energy consumption. Model 1 analyzes the manufacturer and retailer’s optimal green quality and sales price in two-echelon supply chain systems with centralized and decentralized cases. In this case, the retailer sells their products through three different channels: online, offline, and buy-online-pickup-in store, with three different selling prices. In Model 2, Manufacturer 1 and Manufacturer 2 produce green and regular products with renewable energy consumption. In this case, both manufacturers sell their products through three different channels: online, offline, and buy-online-pickup-in store, with three different selling prices. There is competition between substitutable products with respect to green quality and the selling price of the products. A hybrid channel policy is studied here to maximize the total profit with considering corporate social responsibility under renewable energy consumption. The study has been analyzed mathematically. The classical optimization approach and game theory are applied here to find the optimal values of procurement cost, selling price, and green quality development cost. A numerical study shows that the centralized system gives a better result to the manufacturer than the decentralized system. When the demand is a power function of the selling price, the manufacturer producing eco-friendly products gains 0.99 % more profit than the conventional product. This result shows that manufacturers creating eco-friendly products motivate other manufacturers to make eco-friendly products.

Suggested Citation

  • Sumi Kar & Anita Pal & Kajla Basu & Achyuth Sarkar & Biswajit Sarkar, 2023. "The Effect of Renewable Energy and Corporate Social Responsibility on Dual-Channel Supply Chain Management," Energies, MDPI, vol. 16(7), pages 1-26, March.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:7:p:3030-:d:1107806
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    References listed on IDEAS

    as
    1. Kar, Sumi & Basu, Kajla & Sarkar, Biswajit, 2023. "Advertisement policy for dual-channel within emissions-controlled flexible production system," Journal of Retailing and Consumer Services, Elsevier, vol. 71(C).
    2. Qiucheng Li & Jacob Cherian & Malik Shahzad Shabbir & Muhammad Safdar Sial & Jing Li & Ioana Mester & Alina Badulescu, 2021. "Exploring the Relationship between Renewable Energy Sources and Economic Growth. The Case of SAARC Countries," Energies, MDPI, vol. 14(3), pages 1-14, January.
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    11. Mohammadali Kiehbadroudinezhad & Adel Merabet & Ahmed G. Abo-Khalil & Tareq Salameh & Chaouki Ghenai, 2022. "Intelligent and Optimized Microgrids for Future Supply Power from Renewable Energy Resources: A Review," Energies, MDPI, vol. 15(9), pages 1-21, May.
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