Abstract
This paper discusses the closed-loop supply chain which is composed of a manufacturer, a retailer and the third-party recycler, the market dominated by manufacturer. Consumer conveys different preference for new products and remanufactured products. From this base, we segment markets and determine the market demand of different products. Then, we set up a closed-loop supply chain with the third party collecting decision-making model, the problem of different members of the optimal decision is discussed. Finally, the influence of consumer preference on sale price, wholesale price, recovery rate and profits is discussed through a numerical example analysis.
Highlights
With the continuous development of science and technology and the increasing of people’s living standard, the product life cycle is shortened, more and more waste products, accompanied by resource crisis and environmental problems are becoming increasingly prominent
Based on the analysis of existing study of closed-loop supply chain, our research considers that consumers have different preferences for new products and remanufactured products, based on this, we segment the product markets and set up a closed-loop supply chain decision-making model, our attention is focused on the market dominated by manufacturer, the influence of consumer preference on sale price, wholesale price, recovery rate and the influence of profits is discussed
The third-party first recycles waste products from consumers at a certain price, and sells all the recycled waste products to manufacturer, manufacturer pay recycler according to the recycling price to repurchase from those waste products and produce remanufactured products and new products at a certain cost sell to retailer in different wholesale price
Summary
With the continuous development of science and technology and the increasing of people’s living standard, the product life cycle is shortened, more and more waste products, accompanied by resource crisis and environmental problems are becoming increasingly prominent. Recycling and remanufacturing of waste products has become an important strategic operation mode of modern enterprise, and it can produce significant economic benefit and social benefit [1]. Closed-loop supply chain is a very important aspect of supply chain management, it is a hot topic in recent years. (2016) Research on Closed-Loop Supply Chain with the Third Party Recycler Based on Consumer Preference. Based on the analysis of existing study of closed-loop supply chain, our research considers that consumers have different preferences for new products and remanufactured products, based on this, we segment the product markets and set up a closed-loop supply chain decision-making model, our attention is focused on the market dominated by manufacturer, the influence of consumer preference on sale price, wholesale price, recovery rate and the influence of profits is discussed
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