Understanding different stakeholders of sustainable product and service-based systems using genetic algorithm

Service-oriented approach or a combination of Product-Service System (PSS) is often regarded as more promising to traditional discreet product selling. To have a sustainable product or service, PSS systems must equally satisfy the three stakeholders of sustainability viz. people, planet, and profit...

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Bibliographic Details
Published in:Clean technologies and environmental policy 2015-08, Vol.17 (6), p.1523-1533
Main Authors: Gupta, Sameer, Sarkar, Prabir, Singla, Ekta
Format: Article
Language:English
Subjects:
Algorithms
Cleaning
Customer services
Earth and Environmental Science
Environment
Environmental Economics
Environmental Engineering/Biotechnology
Environmental policy
Genetic algorithms
Governments
Green products
Incentives
Industrial and Production Engineering
Industrial Chemistry/Chemical Engineering
Manufacturers
Manufacturing
Mathematical analysis
Original Paper
Planets
Renovating
Society
Stakeholders
Sustainability
Sustainable Development
Taxes
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Summary:Service-oriented approach or a combination of Product-Service System (PSS) is often regarded as more promising to traditional discreet product selling. To have a sustainable product or service, PSS systems must equally satisfy the three stakeholders of sustainability viz. people, planet, and profit generated by the companies. However, this is often not the case as the other stakeholders often ignore interest of the planet, as a stakeholder. Government tax incentives could act as an enabler to mitigate this difference. In this work, we explore this issue by developing methodologies to optimize the needs of various stakeholders. We develop equations to express the three Ps of sustainability to find out appropriate government incentives as tax on people and product-manufacturing companies to make products and services more sustainable, assuming that the taxes collected are utilized in restoring the environment. We use Multi-Objective Genetic Algorithm to find the optimized taxes for some possible combinations of sale price and number of units to be manufactured. We take a case and explain the application of this novel methodology for a car manufacturing scenario.
ISSN:1618-954X
1618-9558
DOI:10.1007/s10098-014-0880-y