Work

Evolutionary Game Analysis of Remanufacturing Closed-Loop Supply Chain with Asymmetric Information

Year: 2014

Type: article

Abstract: Remanufacturing is an effective means to realize energy saving and emission reduction. This paper develops an evolutionary game model with a two-echelon closed-loop supply chain to study evolutionary stable strategies (ESS) of manufacturers and retailers. Through analyzing evolutionary path of the game, we find that there are two possible evolutionary results affected by the profits of manufacturers. Price of remanufacturing products may be a critical factor that determines the ESS. Government subsidy is critical to promote the development of remanufacturing industry.

Source: Sustainability

DOI: 10.3390/su6096312

Authors: Jian Li, Weihao Du, Fengmei Yang, Guowei Hua

Institutions: Beijing University of Chemical Technology, Beijing Jiaotong University

Language: English

Topic: Sustainable Supply Chain Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Responsible consumption and production, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $2,896