OPTIMAL CARBON FOOTPRINTS FOR CHEMICAL INDUSTRIES INCORPORATING TRADE CREDIT UNDER TRENDED DEMAND

Abstract

Nowadays, world’s focus is on the reduction of carbon footprints to mitigate the global warming. To overcome this, various countries have introduced the trend of offering carbon credits to the industries. Chemical industry is one of the industries which harm the environment significantly by its carbon emission. Also the demand in the chemical industries is very dynamic as new
research and new development force them to produce different products at different time. In this article, our goal is to investigate the chemical industries’ optimal ordering policies under trended demand. In such industries, cash on delivery is hardly followed. Most of the industries do their business on credit. This credit boosts the demand of the industries. Illustrations with numerical data are presented to validate results. It is seen that profit of inventory system is maximized with minimum carbon emission.