How Much Green Investments Are Efficient for a Smart Production System?

Rekha Guchhait; Mitali Sarkar; Biswajit Sarkar

doi:10.1007/978-3-030-85906-0_50

How Much Green Investments Are Efficient for a Smart Production System?

Rekha Guchhait, Mitali Sarkar, Biswajit Sarkar

Department of Industrial Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

1 Citation (Scopus)

Abstract

The increasing global warming effect on the environment is massive nowadays and the production industry is trying to reduce carbon emission to the minimum level. This study investigates the effect of green investment in a smart production system under the effect of energy. The effect of the green movement is depicted on the customer satisfaction level. The machine produces imperfect products at a random time and gets reworked within the same cycle. The system failure rate relates the imperfect production with reliability. The mathematical model is solved by the classical optimization procedure and found the global optimum solution. Managerial insights are provided to show the applicability of the model. Results find that the carbon reduction due to the green investment and customer satisfaction holds a wide margin of the profit.

Original language	English
Title of host publication	Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems - IFIP WG 5.7 International Conference, APMS 2021, Proceedings
Editors	Alexandre Dolgui, Alain Bernard, David Lemoine, Gregor von Cieminski, David Romero
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	450-459
Number of pages	10
ISBN (Print)	9783030859053
DOIs	https://doi.org/10.1007/978-3-030-85906-0_50
Publication status	Published - 2021
Event	IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2021 - Nantes, France Duration: 2021 Sept 5 → 2021 Sept 9

Publication series

Name	IFIP Advances in Information and Communication Technology
Volume	632 IFIP
ISSN (Print)	1868-4238
ISSN (Electronic)	1868-422X

Conference

Conference	IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2021
Country/Territory	France
City	Nantes
Period	21/9/5 → 21/9/9

Bibliographical note

Funding Information:
This research was supported by the Yonsei University Research Fund of 2020 (Project Number 2020-22-0509).

Publisher Copyright:
© 2021, IFIP International Federation for Information Processing.

All Science Journal Classification (ASJC) codes

Information Systems
Computer Networks and Communications
Information Systems and Management

Access to Document

10.1007/978-3-030-85906-0_50

Cite this

Guchhait, R., Sarkar, M., & Sarkar, B. (2021). How Much Green Investments Are Efficient for a Smart Production System? In A. Dolgui, A. Bernard, D. Lemoine, G. von Cieminski, & D. Romero (Eds.), Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems - IFIP WG 5.7 International Conference, APMS 2021, Proceedings (pp. 450-459). (IFIP Advances in Information and Communication Technology; Vol. 632 IFIP). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-030-85906-0_50

Guchhait, Rekha ; Sarkar, Mitali ; Sarkar, Biswajit. / How Much Green Investments Are Efficient for a Smart Production System?. Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems - IFIP WG 5.7 International Conference, APMS 2021, Proceedings. editor / Alexandre Dolgui ; Alain Bernard ; David Lemoine ; Gregor von Cieminski ; David Romero. Springer Science and Business Media Deutschland GmbH, 2021. pp. 450-459 (IFIP Advances in Information and Communication Technology).

@inproceedings{338e791893f34114b5d7d1320d1388f8,

title = "How Much Green Investments Are Efficient for a Smart Production System?",

abstract = "The increasing global warming effect on the environment is massive nowadays and the production industry is trying to reduce carbon emission to the minimum level. This study investigates the effect of green investment in a smart production system under the effect of energy. The effect of the green movement is depicted on the customer satisfaction level. The machine produces imperfect products at a random time and gets reworked within the same cycle. The system failure rate relates the imperfect production with reliability. The mathematical model is solved by the classical optimization procedure and found the global optimum solution. Managerial insights are provided to show the applicability of the model. Results find that the carbon reduction due to the green investment and customer satisfaction holds a wide margin of the profit.",

author = "Rekha Guchhait and Mitali Sarkar and Biswajit Sarkar",

note = "Funding Information: This research was supported by the Yonsei University Research Fund of 2020 (Project Number 2020-22-0509). Publisher Copyright: {\textcopyright} 2021, IFIP International Federation for Information Processing.; IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2021 ; Conference date: 05-09-2021 Through 09-09-2021",

year = "2021",

doi = "10.1007/978-3-030-85906-0_50",

language = "English",

isbn = "9783030859053",

series = "IFIP Advances in Information and Communication Technology",

publisher = "Springer Science and Business Media Deutschland GmbH",

pages = "450--459",

editor = "Alexandre Dolgui and Alain Bernard and David Lemoine and {von Cieminski}, Gregor and David Romero",

booktitle = "Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems - IFIP WG 5.7 International Conference, APMS 2021, Proceedings",

address = "Germany",

}

Guchhait, R, Sarkar, M & Sarkar, B 2021, How Much Green Investments Are Efficient for a Smart Production System? in A Dolgui, A Bernard, D Lemoine, G von Cieminski & D Romero (eds), Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems - IFIP WG 5.7 International Conference, APMS 2021, Proceedings. IFIP Advances in Information and Communication Technology, vol. 632 IFIP, Springer Science and Business Media Deutschland GmbH, pp. 450-459, IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2021, Nantes, France, 21/9/5. https://doi.org/10.1007/978-3-030-85906-0_50

How Much Green Investments Are Efficient for a Smart Production System? / Guchhait, Rekha; Sarkar, Mitali; Sarkar, Biswajit.

Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems - IFIP WG 5.7 International Conference, APMS 2021, Proceedings. ed. / Alexandre Dolgui; Alain Bernard; David Lemoine; Gregor von Cieminski; David Romero. Springer Science and Business Media Deutschland GmbH, 2021. p. 450-459 (IFIP Advances in Information and Communication Technology; Vol. 632 IFIP).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution