An Inventory Model with Partial Backlogging and Demand Depending on Circularity Index

Abstract

In this paper we have created the inventory model which takes the Circularity Index and inflation into account. In this case, the circularity index determines demand. The circularity level determines the gross profit per unit. We take into account shortage in this partially backlogged model as well. The impact of carbon emissions is also considered, as is the need to invest in green technologies in order to reduce carbon emissions.