| Title | Coordination of circular supply chain for online recommerce platform in industry 4.0 environment: a game-theoretic approach |
|---|---|
| ID_Doc | 21282 |
| Authors | Kumar, D; Agrawal, S; Singh, RK; Singh, RK |
| Title | Coordination of circular supply chain for online recommerce platform in industry 4.0 environment: a game-theoretic approach |
| Year | 2023 |
| Published | Operations Management Research, 16.0, 4 |
| Abstract | In today's customer-oriented sustainable business environment, Industry 4.0 technologies may improve supply chain coordination, although their applicability in recommerce circular supply chain has not been thoroughly explored. The mobile application-based refurbishment company acquires end-of-life/end-of-use items from customers, refurbishes them, and resell them to end-users using an online recommerce platform. This study investigates the effects of extending product life and resource value of end-of-life/end-of-use products on channel performance in the era of industry 4.0. The issue of channel conflicts, pricing of refurbished products, and improving the quality of refurbished items with a warranty has been addressed. A Stackelberg game model is created to find the best supply chain decisions. In addition, we build four alternative scenarios: centralized, decentralized, revenue-sharing, and two-part tariff contract models and compared results to decide which of the scenario is the best. To assess the influence of relevant parameters on decisions, we present a numerical illustration and sensitivity analysis. We analyzed that decentralized channel needs further improvements and can achieve a win-win situation, but not in perfect coordination with a revenue-sharing contract. Our results also showed two-part tariff contract as a perfect coordination scenario i.e., most effective contracting approach for implementing extended producer responsibility regulation in the circular economy. |
Similar Articles
| ID | Score | Article |
|---|---|---|
29369
|
Agrawal, S; Kumar, D; Singh, RK; Singh, RK Analyzing coordination strategy of circular supply chain in re-commerce industry: A game theoretic approach(2023)Business Strategy And The Environment, 32.0, 4 | |
| 22001
|
Ziaei, M; Ameli, M; Rasti-Barzoki, M; Shavandi, A A game-theoretic approach for pricing in a dual-channel socially responsible closed-loop supply chain under reward-penalty mechanism(2024) | |
| 20122
|
Kumar, D; Agrawal, S; Singh, RK; Singh, RK IoT-enabled coordination for recommerce circular supply chain in the industry 4.0 era(2024) | |
| 13947
|
Momeni, MA; Jain, V; Govindan, K; Mostofi, A; Fazel, SJ A novel buy-back contract coordination mechanism for a manufacturer-retailer circular supply chain regenerating expired products(2022) | |
| 32732
|
Mandal, A; Pal, B Investigating dual-channel green supply chain considering refurbishing process and product recycling with environmental awareness effort(2023) | |
| 17944
|
Zhu, XD; Yu, LF; Li, W Warranty Period Decision and Coordination in Closed-Loop Supply Chains Considering Remanufacturing and Consumer Behavior(2019)Sustainability, 11, 15 | |
| 28425
|
Alizadeh-Basban, N; Taleizadeh, AA A hybrid circular economy - Game theoretical approach in a dual-channel green supply chain considering sale's effort, delivery time, and hybrid remanufacturing(2020) | |
| 18943
|
Pan, WJ; Lin, M A Two-Stage Closed-Loop Supply Chain Pricing Decision: Cross-Channel Recycling and Channel Preference(2021)Axioms, 10.0, 2 | |
| 13940
|
Li, H; Liu, M; Xiao, Q Research on Optimal Promotion Strategies of Remanufactured Products in a Dual-Channel Supply Chain(2024)Symmetry-Basel, 16, 7 | |
| 67792
|
Li, Y; Fan, ZH; Zhao, XM Game Decision of a Closed-loop Supply Chain with components remanufacturing(2021) |