Sustainability investment in maritime supply chain with risk behavior and information sharing

Lai, Xiaofan; Tao, Yi; Wang, Fan; Zou, Zongbao

doi:10.1016/j.ijpe.2019.02.021

Cited by 87 publications

(30 citation statements)

References 41 publications

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“…There is a growing literature focusing on sustainability in supply chains with behavioral concerns. Typical behavioral concerns in the context of sustainability in supply chains include consumer environmental awareness [5,12,22], risk attitude [23,24], loss aversion [25,26], fairness concern [27,28], and strategic behavior [29,30], etc. Many reports show that an increasing number of consumers are aware of environmental sustainability and social responsibility and are more willing to purchase sustainable products.…”

Section: Sustainability In Supply Chains With Behavioral Concernsmentioning

confidence: 99%

“…Choi and Chiu [23] explored the mean-downside-risk and mean-variance newsvendor models for sustainable fashion retailing with the consideration of risk attitude. Lai et al [24] studied sustainability investment in the supply chain with risk attitude and information sharing. Based on the type of the firm's risk attitude, i.e., risk-neutral or risk-averse, and the information sharing decisions, i.e., without information sharing or with information sharing, they developed four game-theoretical models to study the effects of risk attitude and information sharing on sustainability investment.…”

Section: Sustainability In Supply Chains With Behavioral Concernsmentioning

confidence: 99%

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Sustainability in Supply Chains with Behavioral Concerns

Dong

Shen

et al. 2019

Sustainability

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Environmental sustainability has received considerable attention in industry and academia. Many firms have begun to adopt sustainability practices, such as investing in cleaner technology and using organic or recyclable materials, to enhance sustainability in supply chains. Such sustainability practices affect corporate social responsibility and business performance. On the other hand, when consumers and supply chain managers make decisions, they may be constrained by behavioral concerns. Behavioral concerns can significantly influence optimization in supply chains. Thus, it is critical to consider the impacts of behavioral concerns on sustainability in supply chains. In this paper, we concisely examine studies in sustainability issues in supply chains with behavioral concerns and introduce the papers featured in this Special Issue.

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Section: Sustainability In Supply Chains With Behavioral Concernsmentioning

confidence: 99%

Section: Sustainability In Supply Chains With Behavioral Concernsmentioning

confidence: 99%

Sustainability in Supply Chains with Behavioral Concerns

Dong

Shen

et al. 2019

Sustainability

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“…Bai and Meng [43] considered a two-echelon supply chain composed of two competing manufacturers and one retailer under investment in carbon emission reduction, and discussed the impact of risk aversion on the optimal strategies of supply chain members. Lai et al [44] explored sustainability investment in a maritime supply chain with risk behavior and information sharing, they proposed a two-period game-theoretic model in a MV framework, and investigated the effect of risk aversion and information sharing on sustainability investment.…”

Section: Plos Onementioning

confidence: 99%

“…Consequently, the market demand would generally increase as the product's energy-saving level e goes up. According to the literature [24,44], the market demand is stochastic in nature and dependent on energy-saving level of product and retail price, which can be expressed as…”

Section: Problem Description and Performance Benchmarkmentioning

confidence: 99%

Energy-saving and pricing decisions in a sustainable supply chain considering behavioral concerns

et al. 2020

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With the rising environmental concerns among consumers all over the world, sustainability has received considerable attention, and numerous enterprises are adopting various practices such as investing in energy-saving to improve sustainability in supply chains. However, many previous researches always assume that decision makers are perfectly rational and neglect the behavioral concerns of decision makers. This paper considers a two-stage sustainable supply chain with behavioral concerns in order to develop more realistic models, and mainly focuses on the energy-saving and pricing decisions in the decentralized system, as well as how to improve energy-saving level and profits. We develop decentralized decision-making models under two types of behavioral concerns: fairness concern and risk aversion, and derive the optimal strategy for each member with a Stackelberg game in which the manufacturer acts as the leader. The effect of the behavioral concerns on the optimal decisions and corresponding profits is discussed in detail. Theoretical analysis verified by numerical experiments shows that the fairness behavior always causes a negative effect on the manufacturer, total supply chain, and energy conservation, while it could benefit the retailer in profits. The risk aversion behavior always benefits the manufacturer, total supply chain, and energy conservation, whereas it could make the retailer suffer. Note that both the optimal energy-saving level and corresponding profit of the total supply chain under two types of behavioral concerns are lower than that in the centralized system, thereby we propose a revenue-cost-sharing contract to coordinate the supply chain, under which both the manufacturer and the retailer can achieve a win-win outcome and the energy-saving level can be improved. In addition, some managerial implications through our analytical and numerical results are summarized in this paper.

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“…Firstly, our model does not consider the uncertainty of demand and remanufacturing costs, which always exist in real practice. Therefore, one possible future direction is to study the models with uncertainty demand or remanufacturing costs, where the risk behaviors or the information sharing of the supply chain members can also be considered (Lai et al [39], Shen et al [40], Shen and Chan [41]). Secondly, we assume that the TRP paid the licensing fee to the manufacturer based on per unit product.…”

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confidence: 99%

How Does Licensing Remanufacturing Affect the Supply Chain Considering Customer Environmental Awareness?

et al. 2019

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As sustainability issues are receiving increasing attention in society, in recent years many manufacturers have been adopting remanufacturing via technology licensing. This paper uses a game theory approach to investigate this strategy of a manufacturer under a closed-loop supply chain consisting of one supplier, one manufacturer, and one third-party remanufacturer (TPR), with the consideration of customer environmental awareness. In particular, the supplier supplies the components to the manufacturer and the manufacturer adopts technology licensing remanufacturing via the TPR. We explicitly characterize the reactions between the supplier and the manufacturer as being in equilibrium after adopting the technology licensing. We find that only when remanufacturing is a potential threat to the supplier is the performance of the supply chain improved and the double marginalization effect effectively eliminated. Moreover, remanufacturing by technology licensing only increases the profit of the manufacturer, but decreases the profit of the supplier. Interestingly, contrary to traditional wisdom, the existence of remanufactured products does not reduce the quantity of new products. Furthermore, remanufacturing by technology licensing may not always improve the environment, but customers in the market have environmental awareness that facilitates remanufacturing.

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Sustainability investment in maritime supply chain with risk behavior and information sharing

Cited by 87 publications

References 41 publications

Sustainability in Supply Chains with Behavioral Concerns

Sustainability in Supply Chains with Behavioral Concerns

Energy-saving and pricing decisions in a sustainable supply chain considering behavioral concerns

How Does Licensing Remanufacturing Affect the Supply Chain Considering Customer Environmental Awareness?

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