| 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 |
| DOI |
10.1007/s12063-023-00384-x |
| 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. |
| Author Keywords |
Circular economy; Sustainability; Industry 4; 0; Mobile technology; Extended producer responsibility; Coordination |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:001013094200001 |
| WoS Category |
Management |
| Research Area |
Business & Economics |
| PDF |
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