Carbon Reduction Investments under Direct Shipment Strategy

Min, Daiki

doi:10.7737/msfe.2015.21.1.025

Cited by 3 publications

(2 citation statements)

References 12 publications

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“…By combining theses cost components, we obtain the distribution cost denoted by π D (q, x, c, h) for the direct shipment strategy (This section is based on our previous work in [31], and we redescribe the model to help readers easily understand further analysis. ): …”

Section: Modeling Of the Direct Shipment Strategymentioning

confidence: 99%

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A Joint Optimal Decision on Shipment Size and Carbon Reduction under Direct Shipment and Peddling Distribution Strategies

Min

Chung

2017

Sustainability

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Abstract:Recently, much research has focused on lowering carbon emissions in logistics. This paper attempts to contribute to the literature on the joint shipment size and carbon reduction decisions by developing novel models for distribution systems under direct shipment and peddling distribution strategies. Unlike the literature that has simply investigated the effects of carbon costs on operational decisions, we address how to reduce carbon emissions and logistics costs by adjusting shipment size and making an optimal decision on carbon reduction investment. An optimal decision is made by analyzing the distribution cost including not only logistics and carbon trading costs but also the cost for adjusting carbon emission factors. No research has explicitly considered the two sources of carbon emissions, but we develop a model covering the difference in managing carbon emissions from transportation and storage. Structural analysis guides how to determine an optimal shipment size and emission factors in a closed form. Moreover, we analytically prove the possibility of reducing the distribution cost and carbon emissions at the same time. Numerical analysis follows validation of the results and demonstrates some interesting findings on carbon and distribution cost reduction.

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Section: Modeling Of the Direct Shipment Strategymentioning

confidence: 99%

“…We first find an optimal point that minimizes π D (q, c, h) based on our previous work in Min [31]. Because of the convexity of π D (q, c, h) with respect to q, for given c and h, the optimal shipment size is determined as q * = min{Q, U}, where Q = DF H from the first order condition ∂π D (q,c,h) ∂q = 0.…”

Section: Direct Shipment Strategymentioning

confidence: 99%

A Joint Optimal Decision on Shipment Size and Carbon Reduction under Direct Shipment and Peddling Distribution Strategies

Min

Chung

2017

Sustainability

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Human Behavior in Newsvendor Decisions: A Comparative Study with Experimental Results

Kwak¹

2015

Management Science and Financial Engineering

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As decision makers do not make optimal decisions in practice despite the existence of optimal solutions in many models, there has been a rising interest in behavioral operations management recently. In this study, we aim for a comparative study to analyze the inventory decisions in Korea, America, and China, by conducting the same newsvendor experiment in Korea and compare the results with those of previous studies. From the comparative analysis, some national characteristics in decision-making processes have been observed but there is lowly significant difference in order quantities among the three groups. Korean students show lower level of understanding in demand distributions and tendencies of anchoring on the mean demand and being risk-averse. The finding that individuals make their own decisions differently based on their different behaviors suggests that we need to consider individual approach in analyzing human decision-making processes rather than adapting aggregate approach.

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A Multivariate GARCH Analysis on International Stock Market Integration: Korean Market Case

Kim

2015

Management Science and Financial Engineering

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Financial integration is a phenomenon in which global financial markets are closely connected with each other. This article investigates the integration of Korean stock market with other stock markets using a multivariate GARCH analysis. We chose total seven countries including Korea for this paper based on the amount of export and then we chose major stock indices which can be thought as representative stock markets of those countries. The empirical analysis has shown that countries' financial integration.

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Carbon Reduction Investments under Direct Shipment Strategy

Cited by 3 publications

References 12 publications

A Joint Optimal Decision on Shipment Size and Carbon Reduction under Direct Shipment and Peddling Distribution Strategies

A Joint Optimal Decision on Shipment Size and Carbon Reduction under Direct Shipment and Peddling Distribution Strategies

Human Behavior in Newsvendor Decisions: A Comparative Study with Experimental Results

A Multivariate GARCH Analysis on International Stock Market Integration: Korean Market Case

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