IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-319-58589-5_8.html
   My bibliography  Save this book chapter

Optimal Production Planning Strategy for Deteriorating Items in Terms of Emission Tax, Pollution, and R&D Investment

In: Emerging Challenges in Business, Optimization, Technology, and Industry

Author

Listed:
  • Lotfi Tadj

    (Fairleigh Dickinson University)

  • Ajay K. Garg

    (Fairleigh Dickinson University)

  • Abdelouahed Hamdi

    (Qatar University)

Abstract

Firms are faced with the question of what policies to implement to ensure efficient abatement behavior? In this paper, we aim to determine the optimal production rate and the optimal investment rate in pollution abatement technology. The situation is modeled as an optimal control problem with two state variables and two control variables. The optimal trajectories, the optimal control, and the optimal objective function value are obtained explicitly in both cases where the firm adopts either a continuous-review policy or a periodic-review policy. A numerical example is presented.

Suggested Citation

  • Lotfi Tadj & Ajay K. Garg & Abdelouahed Hamdi, 2018. "Optimal Production Planning Strategy for Deteriorating Items in Terms of Emission Tax, Pollution, and R&D Investment," Springer Proceedings in Business and Economics, in: Lotfi Tadj & Ajay K. Garg (ed.), Emerging Challenges in Business, Optimization, Technology, and Industry, pages 119-141, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-58589-5_8
    DOI: 10.1007/978-3-319-58589-5_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-319-58589-5_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.