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4193. Closed-loop supply chain coordination with a deposit-refund system
Invited abstract in session WA-23: Game theory for the circular economy, stream Circular Economy, Remanufacturing and Recycling .
Wednesday, 8:30-10:00Room: 82 (building: 116)
Authors (first author is the speaker)
| 1. | Petr Fiala
|
| Dept. of Econometrics, Prague University of Economics and Business | |
| 2. | Petr Pokorny
|
| Department of Econometrics, Prague University of Economics and Business |
Abstract
Traditional supply chain (SC) focuses on the management of forward flows going from upstream members to downstream units. The Closed-Loop Supply Chain (CLSC) also manages the backward flows from downstream members to upstream units. The integration of upstream and downstream activities into one system has three main objectives: to meet environmental objectives, to create new economic opportunities and to provide competitive advantages. This paper analyses a CLSC consisting of a manufacturer producing new products and selling them through a retailer. The manufacturer recycles the products at the end of their use (used packaging) and generates unit production cost savings if it uses recycled material instead of new material. The retailer sells the products to the final customer, collects the used packaging and returns the deposit to the customer under a guaranteed buyback contract. Several models are proposed for this situation and the operating conditions are analysed.
Keywords
- Supply Chain Management
- Decision Analysis
- Game Theory
Status: accepted
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