What is it about?
According to the characteristics of the demand for building materials, this paper constructs multiperiod inventory models for single materials with and without the carbon cap-and-trade (C&T) mechanism and analyses the models by means of operational research methods.
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Why is it important?
Based on the deficiencies of existing studies and according to the demand characteristics of building materials, multiperiod stochastic demand inventory models for building materials with and without the C&T mechanism are constructed in this paper. The optimal ordering strategies, which consider both the reduction in carbon emissions and the optimization of economic costs, are obtained, the effects of carbon caps and carbon price on the optimal order quantity, expected total costs and carbon emissions are discussed, and the emissions reduction effects under different C&T mechanisms are explored.
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This page is a summary of: Inventory optimization of building materials under the dual constraints of carbon emissions and stochastic demand, Systems Science & Control Engineering, January 2019, Taylor & Francis, DOI: 10.1080/21642583.2019.1585301.
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