Priyamvada
Department of Operational Research, Faculty of Mathematical Sciences, University of Delhi, Delhi 110007, India.

Shikha Yadav
Department of Operational Research, Faculty of Mathematical Sciences, University of Delhi, Delhi 110007, India.

Aditi Khanna
Department of Operational Research, Faculty of Mathematical Sciences, University of Delhi, Delhi 110007, India.

Chandra K. Jaggi
Department of Operational Research, Faculty of Mathematical Sciences, University of Delhi, Delhi 110007, India.

DOI https://doi.org/10.33889/IJMEMS.2021.6.4.064

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Abstract

Sustainable operations are concerned with the eco-friendly system to postulate intergenerational equity on social, economical, and environmental responsibility. This paper addresses the deterioration with a preservation strategy without compromising the environmental performance of the product. Also, the loss due to deterioration is managed completely with the idea of salvage trade. Furthermore, the upcoming demand is assumed to be “price and environment-sensitive”. This model maximizes the seller’s total profit by optimizing the unit selling price and minimizing the investment to maintain the environmental performance of the product and preservation technology at the same time. A numerical example and related graphs are illustrated to validate the model.

Keywords- Environment sensitive demand, Green preservation investment, Deterioration management, Pricing.

Citation

Priyamvada,Yadav, S., Khanna, A., & Jaggi, C. K. (2021). Sustainable Preservation Strategies with Deterioration Management and Environment Sensitive Demand. International Journal of Mathematical, Engineering and Management Sciences, 6(4), 1089-1099. https://doi.org/10.33889/IJMEMS.2021.6.4.064.