EOQ Inventory Model with Carbon Emission Consideration: A Literature Review
Keywords:Economic Order Quantity (EOQ), Inventory, Optimization, Carbon Emission, Literature Review.
AbstractThis paper presents a literature review on economic order quantity (EOQ) models that consider carbon emissions. This research aims to analyze the studies about the determination of the optimum re-order amount by implementing EOQ, which considers the carbon emission, published in international journals. It is done by a systematic review process covering publication from 2010 until 2019. This research identifies the key elements of EOQ models under the carbon emission policy investigated in the literature. This research categorizes or groups investigated articles based on the elements. It also presents the main characteristics of the concerning articles with annual publication distribution and the most studied sector. This research is expected to facilitate researchers by identifying and offering several topics, opportunities for the sake of future studies. The data consists of English articles published in Scopus indexed journals. The research collected, ordered, and reviewed articles from 893 publications. About 29 relevant articles were then analyzed as they met the scope of this research. The findings showed the most promoted matters in developing the EOQ model with carbon emission problems still assumed the types of deterministic demands. This article found some gaps that have not been investigated.
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