| Title |
Tax-subsidy or reward-penalty? Determining optimal strategy in sustainable closed-loop supply chain under quality-dependent return |
| ID_Doc |
76718 |
| Authors |
Mondal, C; Giri, BC |
| Title |
Tax-subsidy or reward-penalty? Determining optimal strategy in sustainable closed-loop supply chain under quality-dependent return |
| Year |
2023 |
| Published |
International Journal Of Systems Science-Operations & Logistics, 10, 1 |
| DOI |
10.1080/23302674.2022.2116738 |
| Abstract |
In today's competitive business world, focusing solely on financial considerations can limit market demand in any industry. Keeping this in mind, this study deals with a sustainable closed-loop supply chain (CLSC) comprising an environmentally conscious manufacturer, a retailer, and a third-party collector (TPC) under the influence of government intervention. The manufacturer offers a return policy for the defective product up to a certain time, and the TPC offers an acquisition price to consumers for returning their used products. The government can offer no intervention or a tax-subsidy policy in the forward logistics, or a reward-penalty mechanism (RPM) in the reverse logistics, or both. Relying on different government policies, four models are developed first. After that, two collaborative models, viz. manufacturer-retailer collaboration and manufacturer-TPC collaboration, are developed for improving channel performance under the manufacturer-led Stackelberg gaming approach. Numerical results disclose that the government subsidy to consumers provides better functionality to channel individuals, consumers, and the environment. If the government considers imposing a tax, the RPM can help to improve channel execution marginally. A collaborative strategy between the manufacturer and the retailer under government taxation and RPM becomes the most efficient strategy for enhancing the triple bottom line of sustainability. |
| Author Keywords |
Closed-loop supply chain; sustainability; product quality; collection rate of used products; tax-subsidy; reward-penalty mechanism (RPM) |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED) |
| EID |
WOS:000849711300001 |
| WoS Category |
Engineering, Industrial; Operations Research & Management Science |
| Research Area |
Engineering; Operations Research & Management Science |
| PDF |
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