Optimal inventory control with consideration for LCA

Kenichi Nakashima, Surendra M. Gupta

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

This paper proposes a new performance evaluation approach to an inventory management system based on an environmental conscious manufacturing system such as a remanufacturing system with consideration for Life Cycle Assessment (LCA). We here formulate an inventory system with single item based on newsboy problem. The system is evaluated by the total cost that includes the holding, the backlogged, the disposal and the CO2 penalty costs. In this approach, we consider two types of inventories: one is the actual product inventory in a factory whereas the other is the LCA inventory that denotes CO2 emission for all the life cycle of the product. This model also includes disposal and recycle rates. Using the suggested model, we can obtain the total inventory cost with consideration for the environment. Numerical examples are considered to illustrate the implementation of the methodology.

Original languageEnglish
Title of host publicationEnvironmentally Conscious Manufacturing VI
DOIs
Publication statusPublished - 2006 Dec 1
Externally publishedYes
EventEnvironmentally Conscious Manufacturing VI - Boston, MA, United States
Duration: 2006 Oct 12006 Oct 3

Publication series

NameProceedings of SPIE - The International Society for Optical Engineering
Volume6385
ISSN (Print)0277-786X

Conference

ConferenceEnvironmentally Conscious Manufacturing VI
CountryUnited States
CityBoston, MA
Period06/10/106/10/3

Fingerprint

inventory controls
Inventory control
Life cycle
cycles
disposal
Costs
costs
inventory management
Industrial plants
management systems
products
penalties
industrial plants
manufacturing
methodology
evaluation

Keywords

  • Inventory
  • Life cycle assessment
  • Optimal control

ASJC Scopus subject areas

  • Electrical and Electronic Engineering
  • Condensed Matter Physics

Cite this

Nakashima, K., & Gupta, S. M. (2006). Optimal inventory control with consideration for LCA. In Environmentally Conscious Manufacturing VI [63850E] (Proceedings of SPIE - The International Society for Optical Engineering; Vol. 6385). https://doi.org/10.1117/12.692461

Optimal inventory control with consideration for LCA. / Nakashima, Kenichi; Gupta, Surendra M.

Environmentally Conscious Manufacturing VI. 2006. 63850E (Proceedings of SPIE - The International Society for Optical Engineering; Vol. 6385).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Nakashima, K & Gupta, SM 2006, Optimal inventory control with consideration for LCA. in Environmentally Conscious Manufacturing VI., 63850E, Proceedings of SPIE - The International Society for Optical Engineering, vol. 6385, Environmentally Conscious Manufacturing VI, Boston, MA, United States, 06/10/1. https://doi.org/10.1117/12.692461
Nakashima K, Gupta SM. Optimal inventory control with consideration for LCA. In Environmentally Conscious Manufacturing VI. 2006. 63850E. (Proceedings of SPIE - The International Society for Optical Engineering). https://doi.org/10.1117/12.692461
Nakashima, Kenichi ; Gupta, Surendra M. / Optimal inventory control with consideration for LCA. Environmentally Conscious Manufacturing VI. 2006. (Proceedings of SPIE - The International Society for Optical Engineering).
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