Sustainability Concept in Decision-Making: Carbon Tax Consideration for Joint Product Mix Decision
| Autor: | Jui Chu Chang, Chu Lun Hsieh, Chung Wei Wang, Tsen Shu Tsaur, Wen Hsien Tsai |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
carbon tax
Carbon tax Geography Planning and Development time-driven activity-based costing (TDABC) 0211 other engineering and technologies TJ807-830 Environmental pollution 02 engineering and technology Management Monitoring Policy and Law TD194-195 Renewable energy sources joint product mix 0502 economics and business Economics Production (economics) GE1-350 Activity-based costing 021103 operations research Public economics Environmental effects of industries and plants Renewable Energy Sustainability and the Environment 05 social sciences mathematical programming theory of constraints (TOC) sustainability decision-making Environmental economics Environmental sciences Greenhouse gas Theory of constraints Sustainability Social responsibility 050203 business & management |
| Zdroj: | Sustainability, Vol 8, Iss 12, p 1232 (2016) Sustainability; Volume 8; Issue 12; Pages: 1232 |
| ISSN: | 2071-1050 |
| Popis: | Carbon emissions are receiving greater scrutiny in many countries due to international forces to reduce anthropogenic global climate change. Carbon taxation is one of the most common carbon emission regulation policies, and companies must incorporate it into their production and pricing decisions. Activity-based costing (ABC) and the theory of constraints (TOC) have been applied to solve product mix problems; however, a challenging aspect of the product mix problem involves evaluating joint manufactured products, while reducing carbon emissions and environmental pollution to fulfill social responsibility. The aim of this paper is to apply ABC and TOC to analyze green product mix decision-making for joint products using a mathematical programming model and the joint production data of pharmaceutical industry companies for the processing of active pharmaceutical ingredients (APIs) in drugs for medical use. This paper illustrates that the time-driven ABC model leads to optimal joint product mix decisions and performs sensitivity analysis to study how the optimal solution will change with the carbon tax. Our findings provide insight into ‘sustainability decisions’ and are beneficial in terms of environmental management in a competitive pharmaceutical industry. |
| Databáze: | OpenAIRE |
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