Xuan Zhao1,2, Jianteng Xu2,*, Hongling Lu2
CMES-Computer Modeling in Engineering & Sciences, Vol.136, No.2, pp. 1813-1833, 2023, DOI:10.32604/cmes.2023.025828
Abstract The cap-and-offset regulation is a practical scheme to lessen carbon emissions. The retailer selling fresh products can adopt sustainable technologies to lessen greenhouse gas emissions. We aim to analyze the optimal joint strategies on order quantity and sustainable technology investment when the retailer faces stochastic market demand and can only acquire the mean and variance of distribution information. We construct a distributionally robust optimization model and use the Karush-Kuhn-Tucker (KKT) conditions to solve the analytic formula of optimal solutions. By comparing the models with and without investing in sustainable technologies, we examine the effect of sustainable technologies on the operational… More >
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