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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Jian Li & Weihao Du & Fengmei Yang & Guowei Hua, 2014. "Evolutionary Game Analysis of Remanufacturing Closed-Loop Supply Chain with Asymmetric Information," Sustainability, MDPI, vol. 6(9), pages 1-13, September.
    • Handle: RePEc:gam:jsusta:v:6:y:2014:i:9:p:6312-6324:d:40194
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    References listed on IDEAS

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    Cited by:

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    2. Ziang Liu & Tatsushi Nishi, 2019. "Government Regulations on Closed-Loop Supply Chain with Evolutionarily Stable Strategy," Sustainability, MDPI, vol. 11(18), pages 1-29, September.
    3. Jian Cao & Xihui Chen & Sisi Wu & Sanjay Kumar, 2021. "Evolving remanufacturing strategies in China: an evolutionary game theory perspective," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(10), pages 14827-14853, October.
    4. Wang Lin, 2018. "The Effect of Compensation System on the Dispute Resolution of Securities False Statement in China: A Law and Economics Analysis," Asian Journal of Law and Economics, De Gruyter, vol. 9(3), pages 1-9, December.
    5. Ehsan Shekarian & Simme Douwe Flapper, 2021. "Analyzing the Structure of Closed-Loop Supply Chains: A Game Theory Perspective," Sustainability, MDPI, vol. 13(3), pages 1-32, January.
    6. Cuiping Liu & Xinchun Li & Quanlong Liu, 2021. "Analysis of an evolutionary game of pallet pooling with participation of third-party platform," PLOS ONE, Public Library of Science, vol. 16(10), pages 1-25, October.
    7. Tsan-Ming Choi & Yongjian Li, 2015. "Sustainability in Fashion Business Operations," Sustainability, MDPI, vol. 7(11), pages 1-7, November.

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