Joint Decisions on Emission Reduction and Inventory Replenishment with Overconfidence and Low-Carbon Preference
| العنوان: | Joint Decisions on Emission Reduction and Inventory Replenishment with Overconfidence and Low-Carbon Preference |
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| المؤلفون: | Dan Zhao, Shoufeng Ji, Xiaoshuai Peng |
| المصدر: | Sustainability, Vol 10, Iss 4, p 1119 (2018) Sustainability; Volume 10; Issue 4; Pages: 1119 |
| بيانات النشر: | MDPI AG, 2018. |
| سنة النشر: | 2018 |
| مصطلحات موضوعية: | game theory, Supply chain, Geography, Planning and Development, 0211 other engineering and technologies, TJ807-830, emission reduction, 02 engineering and technology, Management, Monitoring, Policy and Law, Newsvendor model, TD194-195, Renewable energy sources, Reduction (complexity), Microeconomics, Product demand, 0502 economics and business, Economics, GE1-350, overconfidence, 021103 operations research, Environmental effects of industries and plants, Renewable Energy, Sustainability and the Environment, newsvendor, 05 social sciences, Preference, Environmental sciences, low-carbon preference, Game theory, 050203 business & management, Overconfidence effect |
| الوصف: | This paper presents a game-theoretical analysis of joint decisions on carbon emission reduction and inventory replenishment with overconfidence and consumer’s low-carbon preference for key supply chain players when facing effort-dependent demand. We consider respectively the overconfidence of a supplier who overestimates the impacts of his emission reduction efforts on product demand and the overconfidence of a retailer who underestimates the variability of the stochastic demand. We find, surprisingly, that the supplier’s overconfidence can mitigate “double marginalization” but hurt self-profit, while the retailer’s overconfidence can be an irrelevant factor for self-profit. The retailer aiming at short-term trading should actively seek an overconfident supplier, while the supplier should actively seek a rational retailer for whom the critical fractile is more than 0.5, whereas for an overconfident retailer, the critical fractile is less than or equal to 0.5. The study also underlines the effect of regulation parameters as an important contextual factor influencing low-carbon operations. |
| وصف الملف: | application/pdf |
| تدمد: | 2071-1050 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2a68810bb9f37aaee96628df39e9f08d https://doi.org/10.3390/su10041119 |
| حقوق: | OPEN |
| رقم الأكسشن: | edsair.doi.dedup.....2a68810bb9f37aaee96628df39e9f08d |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 20711050 |
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