Green Inventory Model With The Impact Of Trade Credit And Partial Backordering Under Permissible Delay In Payment

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P. Selvi , W. Ritha

Abstract

Green inventory management for reworking the defective item which brings long lasting benefits. In global business, the products are procured from a global supplier in many situations. In this situation, there are chances that the received many items which may contain a fraction of imperfect products. The defective items are also valuable and can be repairable to recover the environment. It is sustainable to repair defective items in a local repair store is affordable when contrasted with sending them back to the retailer. The cost of carbon emissions is also incorporated into the effect on net income for the environment. Meantime, the supplier offers multi-trade-credit-period to the buyer. The proposed model is sustainable and reduces the environmental impact as well as benefits for financing. This paper seeks to maximize the total profit by developing a synergic economic order quantity model by considering multi-trade-credit policy, rework, shortages, green branding and proportion of firms with registered patents in green technologies simultaneously. This model can help in making better decisions to enhance sustainable inventory management efficiency by controlling the cycle time and a fraction of time for a global supply chain.The numerical illustration is given to determine the proposed model.

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