A triple bottom line examination of product cannibalisation and remanufacturing: A review and research agenda

Okorie, Okechukwu; Obi, Martins; Russell, Jennifer D.; Charnley, Fiona; Salonitis, Konstantinos

doi:10.1016/j.spc.2021.02.013

Cited by 35 publications

(15 citation statements)

References 123 publications

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“…This effect refers to the competition between a company's new products and its existing ones, resulting in a decrease in sales or market share for the latter (Copulsky, 1976). The impact of the cannibalization effect and its importance to enterprises have been underscored in numerous studies (Okorie et al, 2021; Salema et al, 2007). For instance, Liu et al (2022) investigated the influence of the cannibalization effect on the pricing and production strategies of manufacturers and recyclers, revealing that it can lead to a decrease in demand and prices for new products while increasing the demand and prices for remanufactured products.…”

Section: Literature Reviewmentioning

confidence: 99%

Product rolling strategies in competitive scenarios based on differential games

Li,

Tan

2024

Manage Decis Econ

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In competitive scenarios, we analyze the optimal pricing, launch timing, and influencing factors of new products by establishing three differential game models. The findings indicate that (1) the depreciation rate of old products directly impacts the pricing strategies of advantaged and disadvantaged enterprises. Enterprises with competitive advantages tend to set higher prices for new products when old products depreciate faster, while those with fewer advantages adjust their pricing strategies by initially increasing prices for the latest prices and eventually reducing them. (2) The rate of old‐product depreciation also affects the timing of new‐product launches. Advantaged enterprises tend to delay their product launches when the impact of the new product on the old ones is significant, while disadvantaged enterprises opt for earlier launches under similar circumstances. (3) The technological level of the new product influences the timing of its launch for both advantaged and disadvantaged enterprises. Higher technological levels prompt advantaged enterprises to launch earlier and disadvantaged enterprises tend to follow suit. (4) High levels of innovation in new products by advantaged enterprises prompt earlier launches by disadvantaged enterprises. These results may offer valuable insights for enterprises in formulating effective product rollover strategies.

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Section: Literature Reviewmentioning

confidence: 99%

Product rolling strategies in competitive scenarios based on differential games

Li,

Tan

2024

Manage Decis Econ

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“…In the ARS model, there should not be too many remanufacturing products in the market, because they will grab the OEMs’ market share [ 44 ]. Thus, OEMs and 3PRs have reached an agreement that the number of remanufactured products in a single production should not exceed a certain percentage of the number of used products in the market.…”

Section: Model and Assumptionmentioning

confidence: 99%

Remanufacturing Strategy Choice of a Closed-Loop Supply Chain Network Considering Carbon Emission Trading, Green Innovation, and Green Consumers

Zhou

Lin

Fan

et al. 2022

IJERPH

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Due to increasingly serious environmental pollution problems and governments’ strengthening of environmental impact supervision, manufacturing companies are seeking green production methods, implementing carbon trading systems, and promoting the trend towards green remanufacturing. Thus, this paper introduces green factors to the existing closed-loop supply chain network models and studies the impact of carbon trading, green innovation efforts, and green consumers on the choice between two remanufacturing strategies: an in-house remanufacturing strategy and an authorized remanufacturing strategy. The results concerning the choice of the remanufacturing strategy are as follows: from the perspective of obtaining more profits, when the carbon trading price is low, the companies choose the authorized remanufacturing strategy; when the carbon trading price is high, the companies choose to remanufacture by themselves. For all the green innovation efforts and the proportions of green consumers, when the recovery rate of the used product is low, the companies choose to remanufacture by themselves; when the recovery rate of the used product is high, the companies choose the authorized remanufacturing strategy.

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“…Without perfect substitution, there are potential cases where remanufacturing could result in an increased total number of sold new and remanufactured products combined, as described by Ovchinnikov et al (2014) and Guide and Li (2010), thus leading to higher profitability even if the remanufacturing process is not able to lower the process costs to sufficient levels. For example, remanufactured products could be sold to new markets with no competition with new counterparts or reach new customer segments in an existing market (Abbey et al, 2015a;Atasu et al, 2008a), thus nullifying the cannibalisation threat (Okorie et al, 2021). During prosperous remanufacturing circumstances but with a low supply of remanufactured products, seeding or downward substitution -that is, selling new products as remanufactured -can be applied to penetrate new markets and ensure sufficient supply as well as promote…”

Section: Sales Processesmentioning

confidence: 99%

Initiating Original Equipment Manufacturer Remanufacturing

Duberg

2022

Linköping Studies in Science and Technology. Licentiate Thesis

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Remanufacturing is an industrial process in which a core -a used, discarded, or broken product -is transformed into a product whose specification and condition are newlike. However, to this date, remanufacturing activities on the market are few in comparison to manufacturing. There are several types of remanufacturers; the least common type is the original equipment remanufacturer, an original equipment manufacturer that not only manufactures new products but also remanufactures cores of its own products. The potential for remanufacturing to become a more widely used industrial process for original equipment manufacturers is therefore high. Increased remanufacturing activities can positively contribute to the environment by transforming cores into a new-like condition instead of manufacturing new ones. The contribution comes from a reduction of raw material and energy consumption compared to manufacturing. Therefore, remanufacturing has the potential to decouple environmental impact from economic growth, thus contributing to more sustainable societies. However, assessing the benefits of remanufacturing does not directly correlate to growth within the remanufacturing industry. To encapsulate the environmental, social, and economic benefits of remanufacturing, manufacturers need to be aware of how remanufacturing can be initiated and implemented in practice with positive economic effects. The aim of this licentiate thesis, therefore is, to explore how original equipment manufacturers can initiate profitable remanufacturing.

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A triple bottom line examination of product cannibalisation and remanufacturing: A review and research agenda

Cited by 35 publications

References 123 publications

Product rolling strategies in competitive scenarios based on differential games

Product rolling strategies in competitive scenarios based on differential games

Remanufacturing Strategy Choice of a Closed-Loop Supply Chain Network Considering Carbon Emission Trading, Green Innovation, and Green Consumers

Initiating Original Equipment Manufacturer Remanufacturing

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