Effect of Renewable Energy to Reduce Carbon Emissions under a Flexible Production System: A Step Toward Sustainability

Mitali Sarkar · Byung Do Chung

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Sustainable Supply Chain Management Supply Chain and Inventory Management Scheduling and Optimization Algorithms

Abstract

Renewable energy and environmental issues are receiving considerable attention worldwide along with the technological development of production system for reducing global warming. Due to the use of smart technologies, the rate of carbon emission and energy utilization have become very high and are directly related to different industries. This study focuses on the effect of renewable energy on the advancement of smart production with a flexible production rate as well as the reduction of carbon emission to build a sustainable smart production system. A mathematical model is developed to maximize the profit of the smart production system for economic development while considering technological and environmental issues. The model is solved analytically, and we obtain closed and quasi-closed form solutions. A numerical experiment is performed, and a comparison with previous studies indicates that our method achieves more profit than existing ones. Additionally, we highlight the major effect of renewable energy. Different graphical representations of the decision variables prove the convergence of the model. A sensitivity analysis and graphical representation are presented in this paper, and some recommendations for industry are provided by simulating this model in different scenarios.

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References

2018The process of peak CO2 emissions in developed economies: A perspective of industrialization and urbanization 2020A sustainable production-inventory model for a controllable carbon emissions rate under shortages 2009Economic production quantity with rework process at a single-stage manufacturing system with planned backorders 2019Examining the synergistic effect of CO2 emissions on PM2.5 emissions reduction: Evidence from China 2020Combined effects of carbon emission and production quality improvement for fixed lifetime products in a sustainable supply chain management 2014An economic production quantity model with random defective rate, rework process and backorders for a single stage production system 2019Optimal production delivery policies for supplier and manufacturer in a constrained closed-loop supply chain for returnable transport packaging through metaheuristic approach 2020Autonomation policy to control work-in-process inventory in a smart production system

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