Optimal strategies for low carbon supply chain with strategic customer behavior and green technology investment
type: Item
instance of: scholarly article
title: Optimal strategies for low carbon supply chain with strategic customer behavior and green technology investment
zbMATH Open document ID: 1422.90009
DOI: 10.1155/2016/9645087
author: Wen Jiang
author: Xu Chen
published in: Discrete Dynamics in Nature and Society
publication date: 2019-02-19T00:00:00Z
review text: Summary: Climate change is mainly caused by excessive emissions of carbon dioxide and other greenhouse gases. In order to reduce carbon emissions, cap and trade policy is implemented by governments in many countries, which has significant impacts on the decisions of companies at all levels of the low carbon supply chain. This paper investigates the decision-making and coordination of a low carbon supply chain consisting of a low carbon manufacturer who produces one product and is allowed to invest in green technology to reduce carbon emissions in production and a retailer who faces stochastic demands formed by homogeneous strategic customers. We investigate the optimal production, pricing, carbon trading, and green technology investment strategies of the low carbon supply chain in centralized (including Rational Expected Equilibrium scenario and quantity commitment scenario) and decentralized settings. It is demonstrated that quantity commitment strategy can improve the profit of the low carbon supply chain with strategic customer behavior. We also show that the performance of decentralized supply chain is lower than that of quantity commitment scenario. We prove that the low carbon supply chain cannot be coordinated by revenue sharing contract but by revenue sharing-cost sharing contract.
Mathematics Subject Classification ID: 90B06
Mathematics Subject Classification ID: 91B76
zbMATH DE Number: 7025612
Wikidata QID: Q59123702
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2016/9645087
OpenAlex ID: W2281782022
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description: scientific article; zbMATH DE number 7025612