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http://dx.doi.org/10.1016/j.jclepro.2008.04.020

has been cited by the following article:

• TITLE: Green Investment Cost Optimization Model in the Supply Chain

  AUTHORS: Seungbae Sim, Hosang Jung

  KEYWORDS: Green Investment Cost Optimization Model in the Supply Chain

  JOURNAL NAME: American Journal of Operations Research, Vol.3 No.6, October 24, 2013

  ABSTRACT: The objective of this study is to develop a model that determines the optimal points for investment in green management by defining a mathematical relationship between carbon trading profits and investments in green management using a company’s supply chain information. To formulate this model, we first define and analyze a green supply chain in a multi-dimensional and quantitative manner. The green investment alternatives considering in our model are as follows: 1) purchasing eco-friendly raw materials that cost more than conventional raw materials but whose use in production results in lower CO2 emissions; 2) replacing current facilities with new eco-friendly facilities that have the capability to reduce CO2 emissions; and 3) changing modes of transport from less eco-friendly to more eco-friendly modes. We propose a green investment cost optimization (GICO) model that enables us to determine the optimal investment points. The proposed GICO model can support decision-making processes in green supply chain management environments.