Game theoretic production decisions of by-product materials critical for clean energy technologies - Indium as a case study

Choi, Chul Hun; Kim, Sang-Phil; Lee, Seokcheon; Zhao, Fu

doi:10.1016/j.energy.2020.117768

“…It requires operational collaboration among different stakeholders, and the operational decisions are more complex (Fraccascia et al, 2020;Turken and Geda, 2020). Current research of the effect of BPS on operational decisions has only considered a monopoly manufacture's (Lee, 2012;Choi et al, 2020), or focused on the two-echelon supply chain (Zhou et al, 2020) In fact, due to technological limitations, most manufacturers outsource their waste processing to third party (processing plant), which means a threeechelon supply chain collaboration among upstream manufacturers, processing plants, and downstream manufacturers is necessary (Herczeg et al, 2018;Wang et al, 2019). A typical example is bagasse as a substitute of wood in paper production.…”

Section: Introductionmentioning

confidence: 99%

Waste converting through by-product synergy: an insight from three-echelon supply chain

Wang

¹

,

Zhang

²

,

Zhang

³

et al. 2021

Environ Sci Pollut Res

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By-product synergy (BPS) is an innovative method to convert waste into valuable by-products effectively. Based on a three-echelon supply chain composed of an upstream manufacturer, a processing plant with limited processing capacity, and a downstream manufacturer, this study derives the production quantity and waste disposal decisions of the upstream and downstream manufacturers as well as the optimal transfer price decision of the processing plant. Moreover, we assess the environmental performance of BPS. Analytical results suggest that the upstream manufacturer's production quantity and waste disposal decisions and the processing plant's transfer price decision are threshold dependent on the processing plant's capacity, whereas the downstream manufacturer's production quantity decision is threshold dependent on the processing plant's capacity and price of raw materials. BPS is beneficial for all members of the supply chain to increase profit. The production promotion and cost-saving effects ensure that the supply chain members maximize their profit. However, BPS does not always have a positive effect on the environment; when the processing plant's capacity and price of raw materials are below the threshold, implementing BPS results in a win-win situation of economic and environmental benefits.

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“…It requires operational collaboration among different stakeholders, and the operational decisions are more complex (Fraccascia et al, 2020;Turken and Geda, 2020). Current research of the effect of BPS on operational decisions has only considered a monopoly manufacture's (Lee, 2012;Choi et al, 2020), or focused on the two-echelon supply chain (Zhou et al, 2020) In fact, due to technological limitations, most manufacturers outsource their waste processing to third party (processing plant), which means a threeechelon supply chain collaboration among upstream manufacturers, processing plants, and downstream manufacturers is necessary (Herczeg et al, 2018;Wang et al, 2019). A typical example is bagasse as a substitute of wood in paper production.…”

Section: Introductionmentioning

confidence: 99%

Waste converting through by-product synergy: an insight from three-echelon supply chain

Wang

¹

,

Zhang

²

,

Zhang

³

et al. 2021

Preprint

0

View full text Add to dashboard Cite

By-product synergy (BPS) is an innovative method to convert waste into valuable by-products effectively. Based on a three-echelon supply chain composed of an upstream manufacturer, a processing plant with limited processing capacity, and a downstream manufacturer, this study derives the production quantity and waste disposal decisions of the upstream and downstream manufacturers as well as the optimal transfer price decision of the processing plant. Moreover, we assess the environmental performance of BPS. Analytical results suggest that the upstream manufacturer’s production quantity and waste disposal decisions and the processing plant’s transfer price decision are threshold dependent on the processing plant’s capacity, whereas the downstream manufacturer's production quantity decision is threshold dependent on the processing plant’s capacity and price of raw materials. BPS is beneficial for all members of the supply chain to increase profit. The production promotion and cost-saving effects ensure that the supply chain members maximize their profit. However, BPS does not always have a positive effect on the environment; when the processing plant’s capacity and price of raw materials are below the threshold, implementing BPS results in a win-win situation of economic and environmental benefits.

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Constructing Ni-Modified Co-FcDA nanosheets for enhancing electrocatalytic oxygen evolution reaction

Xie¹,

Hu²,

Deng³

et al. 2022

International Journal of Hydrogen Energy

2

0

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Game theoretic production decisions of by-product materials critical for clean energy technologies - Indium as a case study

Cited by 6 publications

References 22 publications

Waste converting through by-product synergy: an insight from three-echelon supply chain

Waste converting through by-product synergy: an insight from three-echelon supply chain

Waste converting through by-product synergy: an insight from three-echelon supply chain

Constructing Ni-Modified Co-FcDA nanosheets for enhancing electrocatalytic oxygen evolution reaction

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