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Recent Trends in Sustainable Inventory Models: A Literature Review

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  • Suchitra Pattnaik

    (Department of Mathematics, ITER (FET), Siksha O Anusandhan Deemed to be University, Bhubaneswar 751020, India)

  • Mitali Madhusmita Nayak

    (Department of Mathematics, ITER (FET), Siksha O Anusandhan Deemed to be University, Bhubaneswar 751020, India)

  • Stefano Abbate

    (Department of Industrial Engineering, University of Naples Federico II, P.le Tecchio 80, 80125 Naples, Italy)

  • Piera Centobelli

    (Department of Industrial Engineering, University of Naples Federico II, P.le Tecchio 80, 80125 Naples, Italy)

Abstract

Greenhouse gas emissions are increasing global warming significantly, hence the need for manufacturing companies to include sustainability strategies in their supply chain to reduce emissions generated by their operations. This article aims to provide a systematic literature review on integrating sustainability issues into inventory management models to support scholars and practitioners in decision-making processes according to their market requirements. Thus, this paper discusses the most relevant papers published on inventory management topics that consider environmental criteria such as greenhouse gas emissions, ecological quality controls, unsold inventory, and fixed carbon costs. Therefore, we have extended the literature review to incorporate sustainability considerations in inventory models involving an industry’s environmental and social effects. As a result, in this article, a detailed analysis of the existing literature and related weaknesses provide meaningful discussions on crucial issues for future field research avenues in the field.

Suggested Citation

  • Suchitra Pattnaik & Mitali Madhusmita Nayak & Stefano Abbate & Piera Centobelli, 2021. "Recent Trends in Sustainable Inventory Models: A Literature Review," Sustainability, MDPI, vol. 13(21), pages 1-20, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:21:p:11756-:d:663879
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