Analysis of Vendor Environmental Costs in the JELS Model With Sustainability (Best Paper Award in Contribution to Theory)

John Affisco, Hofstra University
Javad Paknejad, Hofstra University
Farrokh Nasri, Hofstra University

ABSTRACT
This paper presents the development and evaluation of two joint economic lot size models including sustainability considerations. A first model including sustainability considerations and a second involving setup cost reduction in the first model are derived using classical optimization. Numerical results for both models, and a sensitivity analysis for the second model are given. Performance of these models is compared to that the classical JELS model, and some specific conclusions are drawn.

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Updated 03/19/2014