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Sustainability 2014, 6(9), 6312-6324; doi:10.3390/su6096312

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

1
School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China
2
Li & Fung Limited, Beijing 101300, China
3
School of Science, Beijing University of Chemical Technology, Beijing 100029, China
4
School of Economics and Management, Beijing Jiaotong University, Beijing 100044, China
*
Author to whom correspondence should be addressed.
Received: 13 May 2014 / Revised: 26 July 2014 / Accepted: 4 August 2014 / Published: 12 September 2014
(This article belongs to the Special Issue Sustainability in Fashion Business Operations)
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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. View Full-Text
Keywords: remanufacturing; closed-loop supply chain; evolutionary game; evolutionary stable strategies; government subsidy remanufacturing; closed-loop supply chain; evolutionary game; evolutionary stable strategies; government subsidy
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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MDPI and ACS Style

Li, J.; Du, W.; Yang, F.; Hua, G. Evolutionary Game Analysis of Remanufacturing Closed-Loop Supply Chain with Asymmetric Information. Sustainability 2014, 6, 6312-6324.

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