Inventory model with climate change impacts and green sustainability cost parameters

Abstract

The production departments are concerned with exhibiting incessant product manufacturing scenarios demanding an uninterrupted flow of inventory. But, the growing problems of climate change and green sustainability lay both implicit and explicit constraints on inventory management. In this paper, an inventory model comprising the strategies of maintaining essential inventory levels to avert production stagnation caused by the impacts of climate change is developed together with the inclusion of respective cost parameters of quality sustenance and green sustainability. This research work focuses on warehouse management for stocking inventory. The proposed inventory model will certainly benefit the decision-makers to devise optimal solutions for inventory management at times of climate change and this model is highly comprehensive as it accommodates the cost parameters of warehouse management, quality sustenance, and green sustainability. Sensitivity analysis has been performed.