| Title | Eco-efficient exchange for returnable transport items by using a cooperative game and its solutions in Fenchel core |
|---|---|
| ID_Doc | 67155 |
| Authors | Chen, YMJ; Chen, HC |
| Title | Eco-efficient exchange for returnable transport items by using a cooperative game and its solutions in Fenchel core |
| Year | 2017 |
| Published | |
| Abstract | This study investigates the business impacts and managerial insights of an exchange program of reusable assets by appreciate cost distribution schemes. This study constructs a competitive market model, where the member companies make their decisions in joining the platform and providing exchange quantities according to their profitability optimization. In the process of exchange, eco-efficiency is then achieved. The classical Owen core or Shapley core usually consider distribution scheme solely on a single dimension, such as benefit, and may not inhere other properties on fairness. Existing studies on coalition distribution mainly focus on financial utility without referring to environmental contribution. However, retaining the notion of fairness is essential in the design of distribution mechanism. This study derives a novel Fenchel core and overcomes drawbacks of Owen core. We prove that Fenchel core is fair in the second degree. The developed market model allows each member to provide and use assets in the exchange platform. The consequent analysis based on the developed core is suitable for exchange mechanism and conveys abundant managerial insights for operations management. Through our proposed distribution scheme, asset providers and takers can be compensated fairly and therefore the exchange platform can be sustained. |
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