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Influence of Government Subsidy on Remanufacturing Decision under Different Market Models

Author

Listed:
  • Zhen Li
  • Jiao Zhang
  • Qingfeng Meng
  • Wei Zheng
  • Jianguo Du

Abstract

This paper considers a remanufacturing closed-loop supply chain involving a manufacturer and an independent remanufacturer. First, it analyzes the decision-making changes under three market leadership (manufacturer leadership, remanufacturer leadership, and no leadership) models before and after government subsidies. Considering the government’s goal of maximizing social welfare, the study establishes a two-stage game model for the government’s optimal price subsidy. It also considers the effects of consumer environmental preferences on product prices, demand, profits, government subsidies, and social welfare under different market models. The study found that government subsidy effectively stimulates the demand for remanufactured products, reduces the price of both new and remanufactured products, and promotes the remanufacturing industry. Furthermore, improvement in consumer environmental awareness was found to enhance the government’s optimal subsidy.

Suggested Citation

  • Zhen Li & Jiao Zhang & Qingfeng Meng & Wei Zheng & Jianguo Du, 2019. "Influence of Government Subsidy on Remanufacturing Decision under Different Market Models," Mathematical Problems in Engineering, Hindawi, vol. 2019, pages 1-16, July.
    • Handle: RePEc:hin:jnlmpe:9460315
    DOI: 10.1155/2019/9460315
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    Cited by:

    1. Niu, Baozhuang & Ruan, Yiyuan & Zeng, Fanzhuo, 2022. "Promoting remanufacturing through subsidy and environment tax: Channel co-opetition, incentive alignment and regulation optimization," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 166(C).
    2. Fang, Chang & Fan, Shuyi & Chi, Mingxiang & Wang, Weizhong, 2023. "The optimal remanufacturing strategy, returned quality choice and independent remanufacturers’ advantage for tackling extreme weather," International Journal of Production Economics, Elsevier, vol. 259(C).
    3. Haiyan Li & Xingzheng Ai & Han Song & Yi He & Xue Zeng & Jiafu Su, 2022. "Policy of Government Subsidy for Supply Chain with Poverty Alleviation," Sustainability, MDPI, vol. 14(19), pages 1-22, October.
    4. Luttiely Santos Oliveira & Ricardo Luiz Machado, 2021. "Application of optimization methods in the closed-loop supply chain: a literature review," Journal of Combinatorial Optimization, Springer, vol. 41(2), pages 357-400, February.
    5. Kailing Liu & Quanxi Li & Haowei Zhang, 2022. "Analysis of the Impact of Remanufacturing Process Innovation on Closed-Loop Supply Chain from the Perspective of Government Subsidy," Sustainability, MDPI, vol. 14(18), pages 1-25, September.

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