A SYSTEMATICAL REVIEW ON THE ECONOMIC ORDER QUANTITY MODEL WITH CARBON EMISSION: 2010 – 2020

Abstract

For about 10 years, research on low carbon inventory management grows significantly intending to optimize the inventory system profit while maintaining the environmental effect in terms of carbon emissions. This paper presents a systematic literature review on low carbon inventory studies, particularly for the single echelon economic order quantity (EOQ) models. The study covers journal publications from 2010 until 2020 indexed in the Scopus database. Thirty-three relevant articles are identified. Besides descriptive analysis, this research categorizes the articles based on the inventory system affecting factors. The relationship between each factor and the emission is explored. Finally, it identifies several research gaps to facilitate other researchers in extending previous studies. The result recommends further research on the low carbon EOQ model considering the effect of inventory issuing policy, multiple-warehouse, different payment methods, rework and remanufacturing of product, and advanced technology adoption.