Modelling Sustainable Development Aspects within Inventory Supply Strategies
Nowadays, inventory management is a tool that must be extended to cover all aspects of the supply chain (SC). One of these aspects is Sustainable Development (SD) which emphasizes the balance between economic well-being, natural resources, and society. As inventory involves the use of natural and ec...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Modelling and Simulation in Engineering |
| Online Access: | http://dx.doi.org/10.1155/2021/5232814 |
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| author | Gladys Bonilla-Enriquez Patricia Cano-Olivos Li-Qun Peng Weihua Gan Jose-Luis Martinez-Flores Diana Sanchez-Partida |
| author_facet | Gladys Bonilla-Enriquez Patricia Cano-Olivos Li-Qun Peng Weihua Gan Jose-Luis Martinez-Flores Diana Sanchez-Partida |
| author_sort | Gladys Bonilla-Enriquez |
| collection | DOAJ |
| description | Nowadays, inventory management is a tool that must be extended to cover all aspects of the supply chain (SC). One of these aspects is Sustainable Development (SD) which emphasizes the balance between economic well-being, natural resources, and society. As inventory involves the use of natural and economic resources, the integration of SD criteria is important for a more efficient and sustainable SC. In this work, the most important SD variables associated with inventory management were identified. These variables were integrated as cost elements within a nondeterministic inventory control model to include SD criteria within inventory supply strategies. Through the assessment of the proposed integrated model, it was determined that, although SD practices involve additional investments, specific practices such as reuse/recycling and government incentives can increase revenue and profits. This is important for the development of government and business strategies to perform sustainable practices. |
| format | Article |
| id | doaj-art-8758f5faef29475caaeaf4f9311cf3a4 |
| institution | Kabale University |
| issn | 1687-5591 1687-5605 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Modelling and Simulation in Engineering |
| spelling | doaj-art-8758f5faef29475caaeaf4f9311cf3a42025-02-03T01:29:23ZengWileyModelling and Simulation in Engineering1687-55911687-56052021-01-01202110.1155/2021/52328145232814Modelling Sustainable Development Aspects within Inventory Supply StrategiesGladys Bonilla-Enriquez0Patricia Cano-Olivos1Li-Qun Peng2Weihua Gan3Jose-Luis Martinez-Flores4Diana Sanchez-Partida5Universidad Popular Autonoma del Estado de Puebla A.C. Mexico, Puebla, MexicoUniversidad Popular Autonoma del Estado de Puebla A.C. Mexico, Puebla, MexicoEast China Jiaotong University, ChinaEast China Jiaotong University, ChinaUniversidad Popular Autonoma del Estado de Puebla A.C. Mexico, Puebla, MexicoUniversidad Popular Autonoma del Estado de Puebla A.C. Mexico, Puebla, MexicoNowadays, inventory management is a tool that must be extended to cover all aspects of the supply chain (SC). One of these aspects is Sustainable Development (SD) which emphasizes the balance between economic well-being, natural resources, and society. As inventory involves the use of natural and economic resources, the integration of SD criteria is important for a more efficient and sustainable SC. In this work, the most important SD variables associated with inventory management were identified. These variables were integrated as cost elements within a nondeterministic inventory control model to include SD criteria within inventory supply strategies. Through the assessment of the proposed integrated model, it was determined that, although SD practices involve additional investments, specific practices such as reuse/recycling and government incentives can increase revenue and profits. This is important for the development of government and business strategies to perform sustainable practices.http://dx.doi.org/10.1155/2021/5232814 |
| spellingShingle | Gladys Bonilla-Enriquez Patricia Cano-Olivos Li-Qun Peng Weihua Gan Jose-Luis Martinez-Flores Diana Sanchez-Partida Modelling Sustainable Development Aspects within Inventory Supply Strategies Modelling and Simulation in Engineering |
| title | Modelling Sustainable Development Aspects within Inventory Supply Strategies |
| title_full | Modelling Sustainable Development Aspects within Inventory Supply Strategies |
| title_fullStr | Modelling Sustainable Development Aspects within Inventory Supply Strategies |
| title_full_unstemmed | Modelling Sustainable Development Aspects within Inventory Supply Strategies |
| title_short | Modelling Sustainable Development Aspects within Inventory Supply Strategies |
| title_sort | modelling sustainable development aspects within inventory supply strategies |
| url | http://dx.doi.org/10.1155/2021/5232814 |
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