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Information Sharing in a Closed-Loop Supply Chain with Asymmetric Demand Forecasts

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  • Pan Zhang
  • Zhongkai Xiong

Abstract

This paper studies the problem of sharing demand forecast information in a closed-loop supply chain with the manufacturer collecting and remanufacturing. We investigate two scenarios: the “make-to-order” scenario, in which the manufacturer schedules production based on the realized demand, and the “make-to-stock” scenario, in which the manufacturer schedules production before the demand is known. For each scenario, we find that it is possible for the retailer to share his forecast without incentives when the collection efficiency of the manufacturer is high. When the efficiency is moderate, information sharing can be realized by a bargaining mechanism, and when the efficiency is low, non-information sharing is a unique equilibrium. Moreover, the possibility of information sharing in the make-to-stock scenario is higher than that in the make-to-order scenario. In addition, we analyze the impact of demand forecasts’ characteristics on the value of information sharing in both scenarios.

Suggested Citation

  • Pan Zhang & Zhongkai Xiong, 2017. "Information Sharing in a Closed-Loop Supply Chain with Asymmetric Demand Forecasts," Mathematical Problems in Engineering, Hindawi, vol. 2017, pages 1-12, March.
    • Handle: RePEc:hin:jnlmpe:9785759
    DOI: 10.1155/2017/9785759
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    Cited by:

    1. Ilkka Ritola & Harold Krikke & Marjolein C.J. Caniëls, 2020. "Learning from Returned Products in a Closed Loop Supply Chain: A Systematic Literature Review," Logistics, MDPI, vol. 4(2), pages 1-13, April.
    2. 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.
    3. Chen, Ziyue & Huang, Lizhen, 2021. "Digital twins for information-sharing in remanufacturing supply chain: A review," Energy, Elsevier, vol. 220(C).

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