Strategy Analysis of Closed Loop Supply Chain for Scrapped Medical Equipment Based on Hybrid Recycling Model

2011 ◽  
Vol 219-220 ◽  
pp. 722-726 ◽  
Author(s):  
Lu Shi ◽  
Xin Ma
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Medical Equipment ◽  
Closed Loop ◽  
Decision Models ◽  
Sale Price ◽  
Strategy Analysis ◽  
Closed Loop Supply Chain ◽  
Equipment Manufacturer ◽  
Optimal Decisions

The decision models of closed loop supply chain for scrapped medical equipment that is composed of one medical equipment manufacturer and one medical equipment retailer with product remanufacturing under hybrid recycle strategy was built. The whole-sale price and transfer recycling price were considered as the decision-making variables of the medical equipment manufacturer, and the recycling price as the decision-making variable of the party undertaking the recycling effort. The optimal pricing and the optimal profit were obtained and the optimal decisions of the manufacturer were analyzed on the further. And the profits of medical equipment manufacturer, retailer and the total supply chain are also discussed under different scenario.

scholarly journals Research on Services Decision-Making in Closed-Loop Supply Chain Dominated by a Logistics Provider

2021 ◽  
Author(s):  
Wei Li ◽  
Fei Chen ◽  
Liurui Deng ◽  
Yiwen Zhao
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Closed Loop ◽  
Raw Materials ◽  
Game Model ◽  
Closed Loop Supply Chain ◽  
Service Competition ◽  
Equipment Manufacturer ◽  
Manufactured Products ◽  
The Given

Abstract In this paper, we assume that a closed-loop supply chain consists of an original equipment manufacturer (OEM) producing new products from raw materials, a remanufacturer producing re-manufactured products from used items directly collected from customers and a logistics provider which sells and distributes two products as a monopolist in the given market. By constructing game model in which logistics provider is a leader, OEM and remanufacturer are the equal status followers, we solve chain members’ optimal services decision-making. Finally, we analyze influence of service elasticities and intensities of service competition of two manufacturers on members’ equilibrium decision-making.

scholarly journals Research on Closed-Loop Supply Chain Decision-Making in Different Cooperation Modes with Government’s Reward-Penalty Mechanism

2021 ◽  
Vol 13 (11) ◽  
pp. 6425
Author(s):  
Quanxi Li ◽  
Haowei Zhang ◽  
Kailing Liu
Keyword(s):  
Supply Chain ◽  
Closed Loop ◽  
Stackelberg Game ◽  
Recycling Rate ◽  
Transfer Payment ◽  
Closed Loop Supply Chain ◽  
Asymmetry Of Information ◽  
Optimal Decisions ◽  
The Government ◽  
The Impact

In closed-loop supply chains (CLSC), manufacturers, retailers, and recyclers perform their duties. Due to the asymmetry of information among enterprises, it is difficult for them to maximize efficiency and profits. To maximize the efficiency and profit of the CLSC, this study establishes five cooperation models of CLSC under the government‘s reward–penalty mechanism. We make decisions on wholesale prices, retail prices, transfer payment prices, and recovery rates relying on the Stackelberg game method and compare the optimal decisions. This paper analyzes the impact of the government reward-penalty mechanism on optimal decisions and how members in CLSC choose partners. We find that the government’s reward-penalty mechanism can effectively increase the recycling rate of used products and the total profit of the closed-loop supply chain. According to the calculation results of the models, under the government’s reward-penalty mechanism, the cooperation can improve the CLSC’s used products recycling capacity and profitability. In a supply chain, the more members participate in the cooperation, the higher profit the CLSC obtain. However, the cooperation mode of all members may lead to monopoly, which is not approved by government and customers.

scholarly journals Warranty Period Decision and Coordination in Closed-Loop Supply Chains Considering Remanufacturing and Consumer Behavior

2019 ◽  
Vol 11 (15) ◽  
pp. 4237 ◽  
Author(s):  
Xiaodong Zhu ◽  
Lingfei Yu ◽  
Wei Li
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chains ◽  
Closed Loop ◽  
Supply Chain System ◽  
Closed Loop Supply Chain ◽  
Chain System ◽  
Warranty Period ◽  
Closed Loop Supply Chains ◽  
Decision Making Model

The closed-loop supply chain management model is an effective way to promote sustainable economic development and environmental protection. Increasing the sales volume of remanufactured products to stimulate green growth is a key issue in the development of closed-loop supply chains. By designing an effective warranty strategy, customer’s perceived value can be enhanced and market demand can be stimulated. This study cuts through the warranty period of closed-loop supply chain products. Based on the perspective of consumer behavior, game theory is used to construct the optimal decision-making model for closed-loop supply chains. The optimal warranty decision making for new products and remanufactured products under centralized and decentralized decision-making models is discussed. Further, the impact of the closed-loop supply chain system with warranty services and the design of contract coordination is also shown. We show that consumer preference has a positive impact on the sales of remanufactured products and the profits of enterprises; with the extension of the new product and remanufacturing warranty period, the profit of the supply chain system first increases and then decreases, and the value is maximized at the extreme point in the manufacturer-led decision-making model. Furthermore, the leader gains higher profits with bargaining power, but the profit of the supply chain system under decentralized decision model is less than that of the centralized decision model, reflecting the double marginalization effect. The revenue sharing contract and the two-charge contract designed in this study coordinate the closed-loop supply chain system with warranty services, so that the member companies in the supply chain can achieve Pareto improvement.

scholarly journals Analysis of the Value of Information and Coordination in a Dyadic Closed Loop Supply Chain

2020 ◽  
Vol 12 (20) ◽  
pp. 8398
Author(s):  
Juan Pedro Sepúlveda-Rojas ◽  
Rodrigo Ternero
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Value Of Information ◽  
Closed Loop ◽  
Local Optimization ◽  
Supply Chain Performance ◽  
Optimization Approach ◽  
Closed Loop Supply Chain ◽  
Definition Of ◽  
The Impact

Purpose: This article analyzes the value of information and coordination in a closed loop supply chain (CLSC) and discusses the benefits of a global or local optimization approach and the impact of uncertainty. Methodology: A theoretical dyadic closed loop supply chain is analyzed where the manufacturer re-manufactures products returned by customers, producing “as good as new products” for the retailer. Twelve coordination scenarios were analyzed. For the definition of these scenarios, a framework based on two criteria was proposed: value of information and perimeter of decision making. Findings: Information on returns leads to lower costs than information on demand. In the presence of complete or partial coordination between the actors in the supply chain, it is preferable to have low product return rates. However, if we are in the complete absence of coordination, high rates of return are more convenient as they function as a buffer against uncertainties. The perimeter of decision making (global or local optimization) does not significantly improve the supply chain performance in relation to its costs. Only the exchange of information improves its performance. Therefore, companies should make efforts to exchange information, first, on their lot sizes, then on their returns and finally, on the customer demand. Originality: The novelty of our work relies on an analysis of the closed loop supply chain performance with the simultaneous presence of information, coordination, and uncertainty.

Sign in / Sign up

Export Citation Format

Share Document