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Preservation technology investment: a catalyst for sustainable two-warehouse inventory model and SDG achievement

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  • Manoj Kumar Sharma
  • Divya Mandal

Abstract

Preservation technology investment in a two-warehouse inventory model can have a significant impact on the achievement of several United Nations Sustainability Development Goals (SDGs), including SDGs 2, 8, 12, and 13. In this article, we developed the two-warehouse inventory model and took the investment in preservation technology into account. An owned warehouse of finite size and a rented warehouse for storing excess items that exceed the capacity of the owned warehouse in practice were usded. The holding cost of a rented warehouse is greater than and distinct from that of an owned warehouse. Shortage is not permitted. The purpose of this study is to design a policy for deteriorating inventory when a store invests in preservation technology to slow the rate of product degradation. The model's utility and sensitivity examination of the appropriate resolution for a combination of features are illustrated mathematically.

Suggested Citation

  • Manoj Kumar Sharma & Divya Mandal, 2024. "Preservation technology investment: a catalyst for sustainable two-warehouse inventory model and SDG achievement," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 28(1), pages 18-39.
    • Handle: RePEc:ids:ijmore:v:28:y:2024:i:1:p:18-39
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