Strategies and stability study for a triopoly game considering product recovery based on closed-loop supply chain

Ma, Junhai; Zhu, Liqing; Guo, Yani

doi:10.1007/s12351-019-00509-w

Cited by 15 publications

(7 citation statements)

References 15 publications

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“…Similarly, game theory was used (Ma et al, 2019), where Nash equilibrium solutions were analyzed to conclude that unreasonable price strategies could cause bifurcation in the system. Multi-method simulation models (Lieder et al, 2017) suggested how different circular design options could be quantified.…”

Section: Supply Chain Network Designmentioning

confidence: 99%

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A review of reverse logistics and closed-loop supply chains in the perspective of circular economy

Mishra

Dutta

Jayasankar

et al. 2022

BIJ

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PurposeThis paper presents a systematic literature review of the various aspects of reverse logistics (RL) and closed-loop supply chains (CLSC) in implementing and achieving circular economy (CE) motives. CE is identified as a method of embracing imperishability into the economic structure, helping shift from a linear to a condition leading to ecological and social benefits.Design/methodology/approachSystematic literature was used to review a total of 80 peer-reviewed articles are included in the study and covers different concepts related to the implementation of CE, such as cost-saving, network design, sustainable RL, waste management and extended producer responsibility.FindingsThe findings reveal that the research in the domain is in a growing phase, and in recent years, a lot of attention has been given by researchers across the globe. However, further research is required in crucial areas for the adoption of CE, such as retail reverse logistics, pharmaceutical industries and resource recycling industry.Practical implicationsThe study discusses the business needs and solutions for industries. Key enablers and barriers are listed along with the main activities involved in each sector in CLSC. Managers can design a pathway to decide which lever to use to overcome a particular challenge.Originality/valueThe work contributes theoretically by developing research themes in RL and CLSC practices applied to CE. It also provides theoretical and practical implications of the study, which can be used as a signboard for further research.

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Section: Supply Chain Network Designmentioning

confidence: 99%

“…Similarly, game theory was used (Ma et al. , 2019), where Nash equilibrium solutions were analyzed to conclude that unreasonable price strategies could cause bifurcation in the system.…”

Section: Major Research Themesmentioning

confidence: 99%

A review of reverse logistics and closed-loop supply chains in the perspective of circular economy

Mishra

Dutta

Jayasankar

et al. 2022

BIJ

View full text Add to dashboard Cite

show abstract

“…Also, an IT adoption framework for a CLSC was proposed (Gan, 2019). A stability study was conducted for a triopoly game considering product recovery (Ma et al , 2019). A PRS for plastic separation was suggested (Ito et al , 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

A two-phase approach to efficiently support product recovery systems in a circular economy context

Dwivedi

Madaan

González

et al. 2022

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PurposeThe execution of product recovery strategies and the definition of an adequate system to manage its performance are crucial to move toward the employment of a successful circular economy (CE) concept. Defining strategies for the efficient management of product recovery requires product data that is difficult to obtain, making it harder to handle. However, efficient product recovery management can play a key role in shifting companies from a linear economy model to a more sustainable CE model, providing economic benefits and increasing customer satisfaction by recovering and adding value to the discarded product. Therefore, this study aims to provide better models to support decision-making and to evaluate product recovery performance.Design/methodology/approachThe present study highlights a comprehensive two-stage decision approach to identify and examine the relevant key performance indicators (KPIs) for performance improvement of an information facilitated product recovery system (IFPRS) in a CE context. In the first phase, a structural equation modeling (SEM) methodology is adopted to categorize the KPIs by employing exploratory factor analysis and measurement of the model fit is obtained using the confirmatory factor analysis. Further, in the second phase, the KPIs are ranked and prioritized on the basis of expert’s recommendations adopting fuzzy-technique for order of preference by similarity to ideal solution (FTOPSIS).FindingsEmpirical investigation is conducted by compiling data from an association of six decision-makers (DMs) and two DMs from a respective prospect. The results highlight that “Technology Capacity” is ranked as the highest and is the most prominent KPI for successful employment of IFPRS practices. The results of the study would benefit policy makers and company directors in the selection of KPIs based on their importance in a context of high competition and greater pressure to adopt sustainable practices in the management of their companies.Originality/valueAs far as the authors know, no study has been performed till date to identify and construct a structural KPIs model for IFPRS performance improvement in the context of CE. The paper, therefore, proposes a two-phase SEM-TOPSIS technique to measure the impact of KPIs which is a new integration in the existing literature. The results of the study would benefit policy makers and company directors in the selection of KPIs based on their importance in a context of high competition and greater pressure to adopt sustainable practices in managing their organizations.

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“…In the simple model, all the products produced by the company are purchased by consumers. Therefore the utility function of representative consumers and consumer surplus may be related to the output quantity, we refer to the research of Singh and Vives (1984), Ma et al (2021), Fanti and Gori (2012) and make the following assumptions.…”

Section: Modellingmentioning

confidence: 99%

Research on the economic impact of environmental tax under the background of state-owned enterprise shareholding reform in an open economic system

Wang

2022

Environ Sci Pollut Res

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In this paper, we construct a Stackelberg-Cournot tripartite game model and discuss the impact of tariff policy on the privatization of the state-owned enterprise, environmental tax, pollutant emission and social welfare in an open economic system. We find that with the increase in tariff, the proportion of privatization of the state-owned enterprise increases, environmental tax falls, and environmental pollution alleviates. The relationship between social welfare and tariff is inverted U-shaped. A closed trade environment is most conducive to environmental protection, but the environmental tax at this time is very detrimental to social welfare. When social welfare is optimal, environmental damage is not the smallest.

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Strategies and stability study for a triopoly game considering product recovery based on closed-loop supply chain

Cited by 15 publications

References 15 publications

A review of reverse logistics and closed-loop supply chains in the perspective of circular economy

A review of reverse logistics and closed-loop supply chains in the perspective of circular economy

A two-phase approach to efficiently support product recovery systems in a circular economy context

Research on the economic impact of environmental tax under the background of state-owned enterprise shareholding reform in an open economic system

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