Third-party remanufacturing mode selection for a capital-constrained closed-loop supply chain under financing portfolio

Zhang, Yongming; Chen, Weida; Li, Qianru

doi:10.1016/j.cie.2021.107315

Cited by 47 publications

(23 citation statements)

References 51 publications

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“…Zhang et al [43] analyze the impact of bank loan financing and equity financing on the operational decision in a CLSC, and propose a hybrid financing method that is beneficial for increasing the profits of supply chain members. Zhang et al [44] explore the preference of outsourcing remanufacturing and authorization remanufacturing when OEMs adopt trade credit and bank loans under financial constraints.…”

Section: 3mentioning

confidence: 99%

Optimal financing strategy in a closed-loop supply chain for construction machinery remanufacturing with emissions abatement

Fu¹,

Chen²,

Ding³

et al. 2023

JIMO

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<p style='text-indent:20px;'>Motivated by the remanufacturing practice of construction machinery, this paper examines the impacts of different cooperation financing and carbon emission reduction (CER) strategies on the operational decisions in a closed-loop supply chain (CLSC) where the original equipment manufacturer (OEM) produces only new products and the capital-constraint retailer produces remanufactured products and sells both new and remanufactured products to consumers. Based on the cooperation level between the OEM and the retailer, four different financing strategies, including the non-cooperation financing (NCF), the supply chain carbon financing (SCCF), the partial cooperation with delay-in-payment financing (PCD), and the full-cooperation financing (FC), are explored. Meanwhile, we extend the proposed models by considering the CER strategy implemented by the OEM, and then investigate its impact on the optimal operational and financing decisions of the retailer. The results show that: i) Under different financing strategies, the CER strategy has no impact on the retail price of remanufactured products, but can help increase the market share of new products and strengthen the market value effect for the OEM. ii) Compared with the scenario without CER, the SCCF strategy can not only ease funding pressure than the NCF strategy for the retailer but also increase the CLSC profit under the CER strategy. iii) No matter which financing strategy is adopted, the CER strategy always has a squeezing effect on the market size of remanufactured products, i.e., the cannibalization effect. iv) The CER strategy is not conducive to the development of the remanufacturing industry, but can improve the environmental performance in terms of reducing emissions and increasing the market sales for new products.</p>

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Section: 3mentioning

confidence: 99%

Optimal financing strategy in a closed-loop supply chain for construction machinery remanufacturing with emissions abatement

Fu¹,

Chen²,

Ding³

et al. 2023

JIMO

Self Cite

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“…Game theory is often used by researchers to build and solve models in the supply chain management area. In the field of supply chain financing, game theory is also widely used [16][17][18]. Yan et al [19] established a two-stage Stackelberg game model consisting of the retailer, the manufacturer and the bank, and analyzed the interdependence between the business decisions and financial decisions of the retailer.…”

Section: Literature Reviewmentioning

confidence: 99%

Evolutionary Game of Small and Medium-Sized Enterprises’ Accounts-Receivable Pledge Financing in the Supply Chain

Tian

et al. 2022

Systems

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Due to limited guarantees, it is difficult for small and medium-sized enterprises (SMEs) to obtain loans from banks. Supply chain accounts-receivable pledge financing (SCARPF) can help in overcoming those financing difficulties. This study developed an evolutionary game model of banks, core enterprises and SMEs in SCARPF, analyzed the evolution path and evolution rules of the model, and performed a numerical simulation. The results indicated that the result of the evolutionary game depends on the initial values of the variables. When certain conditions are met, the system will evolve to (lending, keep the contract). The higher the return rate during either normal production of SMEs, the loan interest rate or supply chain punishment, the more likely it is that banks will lend money and SMEs will keep the contract. However, the bank will only be likely to lend money, enabling SMEs to keep the contract, when the probability of core enterprises and SMEs engaging in joint loan fraud—or the proportion of the benefits that SMEs share when engaging in joint loan fraud—is reduced. The results of this study provide insights for banks, core enterprises, and SMEs in supply chain financing decisions, which is conducive to solving the financing difficulties of SMEs.

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“…Huang et al [33] and Liu et al [34] constructed the dual recycling channels of a closed-loop supply chain and studied which mode was the best. Zhang et al [35] studied the selection of third-party remanufacturing models for closed-loop supply chains with capital constraints under financing portfolios. Secondly, another focus is the decision of pricing.…”

Section: Remanufatured Supply Chain Managementmentioning

confidence: 99%

Extended Warranty Strategy and Its Environment Impact of Remanufactured Supply Chain

Zhang

Sun

et al. 2022

IJERPH

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To reduce environmental pollution, the government has issued relevant laws and regulations, and more and more enterprises engage in remanufacturing and recycling used products. Trade old for new and trade old for remanufactured have become marketing means to promote product recycling. The extended warranty service is used to promote the recycling of waste products. To design an optimal extended warranty service strategy and analyze its environment impact in a remanufactured supply chain, game theory is used to model the competitive relationship between a manufacturer and an E-commerce platform. Considering whether the E-commerce platform provides extended warranty service, four models are constructed, and the extended warranty service strategy and its environment impact can be analyzed. The results show that, when the level of substitutability between remanufactured and new products meets a certain rage, new or remanufactured products with extended warranty service strategy can increase the demand for new or remanufactured products, respectively. In the four models, the changing trends of manufacturer’s profit, E-commerce platform’s profit and supply chain’s profit, consumer surplus, environmental impact and social welfare are the same, but only the thresholds are different. From the perspectives of supply chain member, supply chain system, consumer, environment and society, the new and remanufactured products with extended warranty service strategy is the best choice.

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Third-party remanufacturing mode selection for a capital-constrained closed-loop supply chain under financing portfolio

Cited by 47 publications

References 51 publications

Optimal financing strategy in a closed-loop supply chain for construction machinery remanufacturing with emissions abatement

Optimal financing strategy in a closed-loop supply chain for construction machinery remanufacturing with emissions abatement

Evolutionary Game of Small and Medium-Sized Enterprises’ Accounts-Receivable Pledge Financing in the Supply Chain

Extended Warranty Strategy and Its Environment Impact of Remanufactured Supply Chain

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