Abstract
Goals for sustainability have caused an upcoming change in the emphasis of Economic Production Quantity models, which was previously limited mainly to financial considerations to include aspects of the environment as well. The primary tools used in many nations to reduce emissions are carbon cap and price legislation. However, companies in the production industry may have difficulties with their planning and oversight procedures as they frequently have to cope with faulty products and machinery failures. Previous research has not addressed the comprehensiveness of green investment in machine breakdowns. Considering this problem, we have developed a sustainable economic production quantity model with sporadic malfunctions of machinery and prepayments under carbon tax and cap regulations. Our aim is to minimise the overall cost of faulty items with the investment in green technologies. An approach that combines with the outstanding effectiveness of green strategies to minimise emissions will culminate in a greener production that generates more profit than the traditional system. This study considers two cases i.e. with and without green technology investment (GTI). It also has many predictions, including the execution of inspections afterwards as well as during manufacturing, faulty goods are scrapped while others are sold at discounted price.
Published Version
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