Implications of green optimism upon sustainable supply chain management

Jin, Minyue; Zhang, Xueqing; Xiong, Yu; Zhou, Yu

doi:10.1016/j.ejor.2021.02.036

Cited by 76 publications

(21 citation statements)

References 54 publications

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“…The authors in the past have regarded multiple negative effects of overconfidence, such as one overconfident newsvendor's expected profit decreases in its bias level (Meng Li et al [20]), green optimism hurts the performance of stakeholders and the manufacturer (Minyue Jin et al [23]). But there are also many researches showing positive effects of this bias, for example, overconfidence has an advantage when opening an innovative business (Koellinger, Minniti and Schade [25]), the bias can be a positive force to channel performance and members (Meng Li [21]), and the optimism about demand of one firm can gain more profit for two firms in a competitive market(Jiang and Liu [2]).…”

Section: Discussionmentioning

confidence: 99%

“…Baojun Jiang and Chang Liu [2] discover that in a competitive market, the optimism about demand of one firm can make more profit for two firms, but the optimism would discourage firms' performance if the managers of two firms are both optimistic. Minyue Jin et al [23] examine the impacts of green optimism in a sustainable supply chain, and find managers' optimistic bias about consumers' willingness to buy green products is deleterious to green product investment, stakeholders and the upstream manufacturer, but might be beneficial to the downstream retailer. This paper contributes to extant researches in two ways.…”

Section: Literature Reviewmentioning

confidence: 99%

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Fashion retail competition on product greenness with overconfidence

et al. 2022

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In this paper, we study the impacts of overconfidence in a competitive retailer setting of green fashion. We model a green fashion supply chain comprising one unbiased manufacturer and two biased retailers, to explore how overconfidence affects greenness level of fashion products and expected profit of retailers. An overconfident retailer has a cognitive bias in which it believes consumers are more sensitive to greenness of fashion products than it really is. Our findings show that the competition between two retailers discourages greenness level of fashion products, while overconfidence can provide a counterbalance to the negative impact caused by competition. We also find, a retailer's overconfidence is not only conducive to the greenness level of its own fashion products, but also can benefit to its rival. Moreover, it shows a low level of overconfidence can be a comparative advantage of the retailer's profit. Even though one of the retailers is unbiased and has an advantage of information, it can still earn less than its overconfident rival.

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Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Fashion retail competition on product greenness with overconfidence

et al. 2022

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“…121 Habib et al 122 assessed the strategic impact orientation in three dimensions, including market, green entrepreneurial, and knowledge management on GSCM practice implementation and sustainable firm performance. Jin et al 123 investigated the implications of green optimism on sustainable SSCM and concluded that green optimism may hinder investment in green product development. The authors further noted that retailers benefit from green optimism more than manufacturers.…”

Section: Sustainability Implications Of the Green Supply Chain (Gsc)mentioning

confidence: 99%

The dynamics of green supply chain management within the framework of renewable energy

Gawusu

Zhang

Jamatutu

et al. 2021

Intl J of Energy Research

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Summary This study provides an overview of green supply chain management (GSCM) in the context of renewable energy sources. Thus, it establishes a green management standard with GSCM that companies can adopt. The environmental, economic, and social components determine the concept of GSCM. However, the development and commercialization of renewable energy and sustainable manufacturing practices play a fundamental role in shaping the traditional supply chain management (SCM) and business models. GSCM means that firms and organizations must balance economic and environmental performance to stay competitive, and conform with regulatory and community pressures. This has forced enterprises to design and implement strategies such as eco‐efficiency, greener production, and cleaner environmental practices, for green management practices, which aim at reducing the environmental impacts of their operations. This study further highlights insights needed to significantly improve performance and overcome barriers to the development of renewable energy green supply chain management (REGSCM). It also presents useful techniques by outlining better control chain costs to make renewable energy more affordable and efficient, and a new conceptual model that is mainly grounded within the network of distributed energy systems in the context of GSCM. This concept allows renewable energy producers to sell their surplus electricity based on a peer‐to‐peer (P2P) network or sell directly via the general market. Specifically, this model brings to bear the linkages to the creation of value by firms.

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“…To answer the research question, we present a two-echelon game model to compare and analyze the supply chain members’ optimal decisions to promote supply chain coordination under three-channel power structures ( Jin et al, 2021 ). We assume that the two-echelon model has only two participants, the manufacturer and the retailer.…”

Section: Introductionmentioning

confidence: 99%

To Share or Not to Share? The Role of Retailer’s Information Sharing in a Closed-Loop Supply Chain

2022

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Retailers are faced with a dilemma of whether to share demand information with other supply chain members, and if so, how to share it. Our research interest is motivated by the grounds that the value of downstream retailers’ sales information to upstream manufacturers is to improve the accuracy of manufacturers’ order forecasting. This problem is particularly important in the remanufacturing of closed-loop supply chains (CLSCs). In this study, we consider a retailer (she) as the demand information holder, who sells new and remanufactured products in wholesale to a manufacturer (he) and, simultaneously, she and the manufacturer competitively collect used products from the customers. We explicitly characterize the role of information sharing in a CLSC. We contributed to the information-sharing literature by integrating the existing information-sharing model with dual recycling channels and channel power structure. Previous literature suggests that retailers prefer to share demand information with other firms when the market demand is high. However, surprisingly, we find that when the manufacturer does not play a leading role, the retailer shares her forecast demand information with the manufacturer if the market demand is low. We also show that information sharing reduces the overall profit of the supply chain when the manufacturer dominates the market. In addition, our results also illustrate that information sharing affects the performance of the supply chain mainly by affecting the wholesale price.

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Implications of green optimism upon sustainable supply chain management

Cited by 76 publications

References 54 publications

Fashion retail competition on product greenness with overconfidence

Fashion retail competition on product greenness with overconfidence

The dynamics of green supply chain management within the framework of renewable energy

To Share or Not to Share? The Role of Retailer’s Information Sharing in a Closed-Loop Supply Chain

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