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The Effect of Uncertainty on Production-Inventory Policies With Environmental Considerations

机译:考虑环境因素的不确定性对生产库存政策的影响

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We consider a manufacturing firm whose production is characterized by polluting emissions, an incorporated pollution abatement process, and continuous-time inventory control. Recognizing the stochastic nature of both pollution and inventory dynamics, we study the impact of consumer demand and pollution uncertainty on production-inventory policies under environmental costs/taxes imposed on the manufacturer. We find that the manufacturer, facing environmental uncertainty, reduces both inventory and pollution levels in the long run. The same effect is observed in terms of inventories under proportional and progressively growing environmental taxes but not necessarily in terms of pollution. In particular, emission taxes most impact expected steady-state inventories while ambient pollution taxes combat long-run pollution levels.
机译:我们考虑一家生产企业,其生产的特点是污染排放,合并的污染消除流程以及连续时间的库存控制。认识到污染和库存动态的随机性,我们研究了在制造商施加环境成本/税收的情况下,消费者需求和污染不确定性对生产库存政策的影响。我们发现,制造商长期面临环境不确定性,从而减少了库存和污染水平。在按比例和逐步增长的环境税征收的清单方面也观察到了同样的效果,但对污染却未必一定如此。特别是,排放税对预期的稳态清单影响最大,而环境污染税则与长期污染水平相抵触。

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