Preservation technology investment: a catalyst for sustainable two-warehouse inventory model and SDG achievement Online publication date: Thu, 09-May-2024
by Manoj Kumar Sharma; Divya Mandal
International Journal of Mathematics in Operational Research (IJMOR), Vol. 28, No. 1, 2024
Abstract: Preservation technology investment in a two-warehouse inventory model can have a significant impact on the achievement of several United Nations Sustainability Development Goals (SDGs), including SDGs 2, 8, 12, and 13. In this article, we developed the two-warehouse inventory model and took the investment in preservation technology into account. An owned warehouse of finite size and a rented warehouse for storing excess items that exceed the capacity of the owned warehouse in practice were usded. The holding cost of a rented warehouse is greater than and distinct from that of an owned warehouse. Shortage is not permitted. The purpose of this study is to design a policy for deteriorating inventory when a store invests in preservation technology to slow the rate of product degradation. The model's utility and sensitivity examination of the appropriate resolution for a combination of features are illustrated mathematically.
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