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Chinese Journal of Management Science ›› 2024, Vol. 32 ›› Issue (10): 244-255.doi: 10.16381/j.cnki.issn1003-207x.2021.2184

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Research on Strategy of Closed-loop Supply Chain Considering Smart Recycling and Goodwill

Daoping Wang1,Sihan Liang2(),Mengying Zhu3   

  1. 1.School of Economics and Management, University of Science and Technology Beijing, Beijing 100083, China
    2.Yellow River Institute of Hydraulic Research of Yellow River Conservancy Commission, Engineering Technology Center of Henan Province Smart Water Conservancy, Zhengzhou 450003, China
    3.School of Economics and Management, Beijing Institute of Petrochemical Technology, Beijing 102617, China
  • Received:2021-10-25 Revised:2022-06-17 Online:2024-10-25 Published:2024-11-09
  • Contact: Sihan Liang E-mail:liangsh312@163.com

Abstract:

In the closed-loop supply chain, considering smart recycling and corporate goodwill. Third-party recyclers use smart recycling cabinets to recycle used products. The recovery rate affected by various factors such as recycling effort and time. The impact of the three scenarios of no marketing strategy,coupons valid on the day of issuance and coupons valid on the next day of issuance on the environmental and economic benefits is studied, and a comparative analysis is made. The dynamic recovery rate is characterized by Ito process, and the influence of different cooperation strategies on supply chain members is analyzed. Research shows: The issuance of coupons that take effect the next day has the most significant increase in the recovery rate, recovery effort level, and profit of closed-loop supply chain members, and the volatility is more obvious than other situations, mainly because the uncertainty of the number of repurchases increases the volatility. The greater the impact of manufacturer's recycling costs on the recycling rate of waste products, the more it can incentivize recycling and improve the recycling efforts and profits of third-party recyclers. The more sensitive the reputation of a third-party recycler to the discount factor, the more it can improve its recycling efforts and retailers’ profits.

Key words: smart recycling, goodwill, ito process, closed-loop supply chain

CLC Number: