Power battery recycling strategy with government rewards and punishments

The booming development of new energy vehicles has brought a continuous increase in the demand for power batteries and the amount of scrap. To reduce waste of resources and protect the environment, power battery recycling has become an important and urgent problem to be solved. To well analyze and d...

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Bibliographic Details
Published inOpsearch Vol. 60; no. 1; pp. 501 - 526
Main Authors Gu, Sheng-Qiang, Liu, Yong, Yu, Hao
Format Journal Article
LanguageEnglish
Published New Delhi Springer India 01.03.2023
Springer Nature B.V
Subjects
Business and Management
Closed loops
Environmental protection
Fluence
Management
Mathematics
Operations research
Operations Research/Decision Theory
Recycling
Supply chains
Theoretical Article
Recycling rate
Government rewards and punishments
Industry consortium
Power batteries
Shared responsibility
Recycling strategy
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Summary:The booming development of new energy vehicles has brought a continuous increase in the demand for power batteries and the amount of scrap. To reduce waste of resources and protect the environment, power battery recycling has become an important and urgent problem to be solved. To well analyze and deal with the recycling problems of used power batteries in closed-loop supply chain (CLSC) consisting of a dominate manufacturer and a seller or retailer, under the recycling mode of power battery industry consortium, we construct some models with government rewards and punishments, and exploit them to investigate and explore the optional decisions and the fluence of the government rewards and punishments and shared responsibility on supply chain, and then we design coordination mechanisms through the power battery market recycling rate. We find that this mechanism effectively increased the profits of the manufacturer and retailer.
ISSN:0030-3887
0975-0320
DOI:10.1007/s12597-022-00618-9