Evolutionary Game Analysis of Remanufacturing Closed-Loop Supply Chain with Asymmetric Information

Jian Li, Weihao Du, Fengmei Yang and Guowei Hua
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Jian Li: School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China
Weihao Du: Li & Fung Limited, Beijing 101300, China
Fengmei Yang: School of Science, Beijing University of Chemical Technology, Beijing 100029, China
Guowei Hua: School of Economics and Management, Beijing Jiaotong University, Beijing 100044, China

Sustainability, 2014, vol. 6, issue 9, 1-13

Abstract: Remanufacturing is an effective means to realize energy saving and emission reduction. This paper develops an evolutionary game model with a two-echelon closed-loop supply chain to study evolutionary stable strategies (ESS) of manufacturers and retailers. Through analyzing evolutionary path of the game, we find that there are two possible evolutionary results affected by the profits of manufacturers. Price of remanufacturing products may be a critical factor that determines the ESS. Government subsidy is critical to promote the development of remanufacturing industry.

Keywords: remanufacturing; closed-loop supply chain; evolutionary game; evolutionary stable strategies; government subsidy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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