Optimal Strategies for Low Carbon Supply Chain with Strategic Customer Behavior and Green Technology Investment

Author:

Jiang Wen1ORCID,Chen Xu2

Affiliation:

1. College of Architecture and Urban-Rural Planning, Sichuan Agricultural University, Chengdu 611830, China

2. School of Management and Economics, University of Electronic Science and Technology of China, Chengdu 611731, China

Abstract

Climate change is mainly caused by excessive emissions of carbon dioxide and other greenhouse gases. In order to reduce carbon emissions, cap and trade policy is implemented by governments in many countries, which has significant impacts on the decisions of companies at all levels of the low carbon supply chain. This paper investigates the decision-making and coordination of a low carbon supply chain consisting of a low carbon manufacturer who produces one product and is allowed to invest in green technology to reduce carbon emissions in production and a retailer who faces stochastic demands formed by homogeneous strategic customers. We investigate the optimal production, pricing, carbon trading, and green technology investment strategies of the low carbon supply chain in centralized (including Rational Expected Equilibrium scenario and quantity commitment scenario) and decentralized settings. It is demonstrated that quantity commitment strategy can improve the profit of the low carbon supply chain with strategic customer behavior. We also show that the performance of decentralized supply chain is lower than that of quantity commitment scenario. We prove that the low carbon supply chain cannot be coordinated by revenue sharing contract but by revenue sharing-cost sharing contract.

Funder

National Natural Science Foundation of China

Publisher

Hindawi Limited

Subject

Modeling and Simulation

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